KPMG report: Draft instructions for Form 1099-DA, Digital Asset Proceeds from Broker Transactions
Overview of draft instructions as they relate to the final U.S. broker digital asset reporting regulations
The IRS on September 9, 2024, published draft Instructions for Form 1099-DA that provide information to brokers for completing Form 1099-DA for each reportable digital asset sale a broker has effected beginning in calendar year 2025.
Read a September 2024 report prepared by KPMG LLP that provides an overview of the draft instructions as they relate to the final U.S. broker digital asset reporting regulations published in the in July 2024.