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Why Does 1099-DA Have a Gross Reporting Gap in 2026
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Subscribe24 MAR 2026 / TECHNOLOGY
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The introduction of Form 1099-DA, a reporting tool for digital asset transactions, has created complications for accountants and crypto investors due to the lack of cost basis data. Although the form, part of the 2021 Infrastructure Investment and Jobs Act, is a stride toward establishing structure in crypto reporting, its initial rollout has spurred issues like inaccurate representation of asset transactions and has also exposed the complexities in crypto-specific financial activities.
You know that moment when a client says, “Don’t worry, I got a 1099 for my crypto this year,” and you think, finally, this should be easier? Yeah… about that. Instead of simplifying things, the first rollout of Form 1099-DA has done something unexpected....
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