The new U.S. tax form for crypto investors' brokerage accounts is out, and it's been narrowed in significant ways from an earlier version.
The U.S. Internal Revenue Service has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. The original form also included a box asking the filer to identify which type of broker they are, including “kiosk operator,” “digital asset payment processor,” “hosted wallet provider,” “unhosted wallet provider,” and “other” as the options. That box is no longer included on the updated version of the form.
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