Form 1099-DA 2026: What Crypto Brokers Report and Does Coinbase Report to the IRS?

Form 1099-DA is the IRS information return U.S. crypto brokers file for your digital asset sales: it reports gross proceeds for every sale on or after January 1, 2025, and adds cost basis for coins bought on or after January 1, 2026 and held in the same custodial account until the sale. The first 1099-DAs went out in early 2026 for 2025 sales, with proceeds only. Forms for 2026 sales are due to you by February 16, 2027, and the gain or loss still goes on Form 8949, now in the digital asset boxes G through L. Coinbase files 1099-DA for U.S. customers who sold or swapped crypto, plus a separate 1099-MISC for rewards.

Key numbers for Form 1099-DA:

Item	Rule	Source
Gross proceeds	Reported for sales on or after January 1, 2025	T.D. 10000; Instructions for Form 1099-DA
Cost basis	Reported for "covered" assets: acquired on or after January 1, 2026 in a custodial account and held there until sold	Instructions for Form 1099-DA (2026)
Noncovered assets	Bought before 2026, transferred in from another wallet or exchange, or bought elsewhere: proceeds only, box 9	Instructions for Form 1099-DA (2026)
Form 8949 boxes	G, H, I for short-term; J, K, L for long-term digital asset sales (not C or F)	Instructions for Form 8949 (2025)
Statement due to you	February 15 of the following year; February 16, 2027 for 2026 sales	Pub. 1099
Stablecoin de minimis	$10,000 a year of designated stablecoin sales under the optional method	Instructions for Form 1099-DA
NFT de minimis	$600 a year of specified NFT sales under the optional method	Instructions for Form 1099-DA
Backup withholding	Not required on any 2025 or 2026 sale	Notice 2025-33
DeFi platforms	Broker rule repealed; no 1099-DA	Pub. L. 119-5 (April 10, 2025)
Staking and rewards	Never on 1099-DA; Coinbase uses 1099-MISC ($600 for 2025; the federal 1099-MISC line is $2,000 for 2026 payments)	1099-DA and 1099-MISC instructions; Coinbase

Form 1099-DA 2026 reference card: gross proceeds reported for sales from January 1, 2025; cost basis for coins bought from January 1, 2026 and kept on the same exchange; Form 8949 boxes G, H, I short-term and J, K, L long-term; statement due February 16, 2027; stablecoin de minimis $10,000, NFT de minimis $600; no backup withholding on 2025 or 2026 sales; DeFi not reported

Save this cheat sheet — key numbers in one image.

What Is Form 1099-DA?

Form 1099-DA, Digital Asset Proceeds From Broker Transactions, is the information return a digital asset broker files with the IRS and sends to you for each sale, exchange, or other disposition of crypto it carries out for you. It exists because Treasury Decision 10000, the final broker regulations published July 9, 2024, extended IRC §6045 broker reporting to digital assets. The form plays the role for crypto that Form 1099-B plays for stocks.

A broker, for 1099-DA purposes, is a U.S. business that stands ready to effect digital asset sales for others: custodial exchanges such as Coinbase, crypto kiosk operators, and processors of digital asset payments. A "sale" includes swapping crypto for dollars, swapping one coin for another, spending crypto on goods or services, and paying broker fees in crypto. Providers that only supply wallet software or hardware for controlling private keys are not brokers, so a self-custody wallet never sends you one.

1099-DA vs 1099-B

A digital asset that is also a security, such as a tokenized share registered with the SEC, generally goes on Form 1099-DA rather than 1099-B. The 2026 instructions carve out three exceptions that stay on Form 1099-B or off both forms: section 1256 contracts on digital assets (regulated futures and options, reported in aggregate on 1099-B), assets that count as digital only because they settle on a limited-access regulated network, and money market fund shares. Box 1i (wash sale loss disallowed) exists only for those securities-type tokens; Coinbase's help center states that the §1091 wash sale rule does not apply to crypto, because it covers stock and securities.

When Did 1099-DA Reporting Start? 2025 Proceeds, 2026 Cost Basis

Brokers report in two stages. For sales in 2025, they had to report gross proceeds and could report basis voluntarily. For sales in 2026 and later, they must also report basis, acquisition date, and short- or long-term status for covered assets.

Sales made in	What the 1099-DA must show	When you get it
2024 or earlier	No 1099-DA	Not applicable
2025	Gross proceeds for every sale; basis optional	Due February 17, 2026 (Coinbase said by March 17, 2026)
2026	Gross proceeds for every sale, plus basis for covered assets bought in 2026	Due February 16, 2027
2027 and later	Same; the share of covered lots grows as pre-2026 holdings are sold off	February 15 of the next year (next business day)

A covered asset must meet both conditions: acquired after 2025 in an account where the broker provided custody, and held in that account until the broker sells it. Everything else is noncovered: coins bought before 2026, coins transferred in from a hardware wallet or another exchange, and coins acquired as an exempt recipient. For noncovered sales the broker may check box 9 and leave the basis boxes empty. Because most people still hold coins bought before 2026, a 2026 form will often mix one covered form with basis and another noncovered form without it.

See What Your Form Will Show for One Sale

Interactive

What will your 1099-DA show for this sale?

Enter when you acquired the coins, when you sold or swapped them, and where they were held. The card tells you whether a broker reports the sale, whether basis is on the form, and which Form 8949 box to use.

Date acquired

Date sold or swapped

Where the coins were

Form 1099-DA for this sale

Yes, with cost basis

Proceeds, cost basis, date acquired, and short- or long-term (box 2 checked)

Holding periodShort-term (284 days held)

Form 8949 boxBox G (short-term, basis reported)

Broker must send it byFebruary 16, 2027

Basis reported and no adjustments needed? You may skip Form 8949 for this sale and enter the totals directly on Schedule D, line 1a (Exception 1 in the Form 8949 instructions).

Rules from T.D. 10000, the Instructions for Form 1099-DA (2025 and 2026), and the 2025 Form 8949. One lot at a time: a sale that mixes lots can produce several 1099-DAs. Optional aggregate reporting for qualifying stablecoins and specified NFTs, and staking or rewards income, follow different rules.

Estimate the tax on the gain

Form 1099-DA Box by Box

The 2026 revision of Form 1099-DA has these boxes; the 2025 form used the same numbering. A blank box 1g means you supply basis from your own records, while any entry in box 1g, including zero, has been reported to the IRS as your basis.

Box	What it shows
Applicable checkbox on Form 8949	Code G, H, J, or K for the Form 8949 box; code Y when the broker does not know the holding period
1a / 1b	Digital Token Identifier Foundation (DTIF) code and the asset's name
1c	Units sold, to up to 18 decimal places
1d / 1e	Date acquired (may be blank for noncovered or mixed lots) and date sold or disposed
1f	Proceeds: cash, plus the value of coins, property, or services received
1g	Cost or other basis
1h / 1i	Accrued market discount and wash sale loss disallowed (only for tokens that are also debt or securities)
2	Checked if basis in 1g was reported to the IRS
3a / 3b	Gross or net proceeds for option exercises; Qualified Opportunity Fund
4	Federal income tax withheld (backup withholding)
5	Loss not allowed based on 1f (change in control)
6	Short-term, long-term, or ordinary
7	Checked if you received only cash
8	Checked if the broker relied on acquisition information you provided
9	Checked if the asset was a noncovered security
11a / 11b / 11c	Aggregate reporting for qualifying stablecoins or specified NFTs, the number of transactions, and first sales of NFTs you created
12a / 12b	Units transferred into the account and the transfer-in date
14–16	State information

If you got a 1099-DA, the recipient instructions say you generally disposed of a digital asset and should check "Yes" on the digital asset question at the top of Form 1040.

Worked Example: One Coinbase Sale, Two 1099-DAs

Yara holds 3 ETH on Coinbase from three sources: 1 ETH bought there on June 3, 2024 for $3,500; 1 ETH bought there on February 9, 2026 for $2,700; and 1 ETH she moved in from her hardware wallet on May 12, 2026, which she had bought on August 14, 2023 for $1,900. On November 20, 2026 she sells all 3 ETH at $3,600 each, $10,800 in total. Prices are illustrative and fees are left out to keep the arithmetic clean.

Lot	Covered?	Holding period	On the 1099-DA	Form 8949 box	Basis	Gain
Bought Feb 9, 2026 on Coinbase	Yes	284 days, short-term	Proceeds $3,600 and basis $2,700, box 2 checked, code G	G	$2,700	$900
Bought June 3, 2024 on Coinbase	No (bought before 2026)	900 days, long-term	Proceeds only, box 9	K	$3,500	$100
Moved in May 12, 2026 (bought Aug 14, 2023)	No (transferred in)	1,194 days, long-term	Proceeds only, box 9; box 12a shows 1 unit and box 12b the May 12 transfer-in	K	$1,900	$1,700
Total					$8,100	$2,700

One sale produces two 1099-DAs, because the instructions require separate forms for covered short-term lots and for noncovered lots. The covered form carries everything Yara needs; the noncovered form shows $7,200 of proceeds and blank basis boxes. Her short-term gain is $900 and her long-term gain is $1,800. The tool above defaults to her February lot.

The hardware-wallet lot keeps its 2023 holding period and $1,900 basis even though Coinbase only sees the May 2026 transfer, which is why that basis comes from her records. Since January 1, 2025, the final regulations (Treas. Reg. §1.1012-1(j)) require basis to be tracked wallet by wallet and account by account, with Rev. Proc. 2024-28 covering the transition, so the basis that travels with a transferred lot is the one recorded for that specific wallet.

Building Jupid, the first-year question we hear most is a variant of Yara's: why box 1g is empty on coins that were obviously bought years ago.

Which Form 8949 Box Does a 1099-DA Go In?

Digital asset sales no longer use Form 8949 boxes C or F. Starting with the 2025 Form 8949, crypto goes in six boxes of its own:

	Basis reported on 1099-DA	1099-DA without basis	No 1099-DA
Short-term (Part I)	Box G	Box H	Box I
Long-term (Part II)	Box J	Box K	Box L

Use the proceeds from box 1f in column (d) and, when box 2 is checked, the basis from box 1g in column (e); corrections go in column (g) with a code. If every transaction sits in box G or J with no adjustments in boxes 1h or 1i and the Ordinary box unchecked, you may skip Form 8949 for them and put the totals on Schedule D, line 1a or 8a. The Form 8949 guide covers columns (f) through (h) and the Schedule D flow.

Does Coinbase Report to the IRS?

Yes. Coinbase files Form 1099-DA with the IRS for U.S. customers who sold or exchanged crypto, starting with the 2025 tax year, and it files Form 1099-MISC when you earn $600 or more of rewards such as staking, USDC Rewards, or Learning rewards (its stated rule for 2025). Coinbase says it does not issue Form 1099-K. Its help center adds several details:

Timing: Coinbase said it would deliver 2025 Forms 1099-DA by March 17, 2026 and 2025 Forms 1099-MISC by mid-February 2026, with an email when each is ready.
Where to find them: the Documents section of the Coinbase Tax Center (accounts.coinbase.com/taxes).
What's in proceeds: crypto-to-crypto swaps, crypto-to-cash sales, and any transaction where you receive value. When you send crypto to another wallet, only the crypto sold to pay the network fee is reported; the amount sent is not a sale.
Basis: the 2025 form showed proceeds only; from tax year 2026 the form also includes cost basis for covered assets, and assets marked non-covered did not meet the requirements for basis reporting.
Time zone: Coinbase uses Eastern Time, so a trade after midnight ET on January 1 lands in the new year's form.
Corrections: Coinbase corrects a 1099-DA for a wrong name, Social Security number, or state of residence; other address changes do not trigger a corrected form.

For 2026 rewards, the federal Form 1099-MISC threshold for "other income" is $2,000 under the December 2026 instructions, after the One Big Beautiful Bill Act raised the IRC §6041 line. Coinbase had not published its 2026 rule when we checked on October 6, 2026. Rewards are ordinary income when received whether or not a form arrives, and the crypto tax guide covers how staking and mining income are taxed.

What Form 1099-DA Does NOT Report

DeFi and self-custody activity. Congress repealed the rule that would have made DeFi front ends brokers (Pub. L. 119-5, April 10, 2025), and wallet software is not a broker. Swaps in a self-custody wallet go in Form 8949 box I or L with no form to match.
Staking and rewards income. The instructions say not to report rewards and staking payments on Form 1099-DA; they may show up on a 1099-MISC instead.
Six transaction types on hold. Notice 2024-57 lets brokers skip wrapping and unwrapping, liquidity provider transactions, staking, crypto lending, short sales, and notional principal contracts until further guidance. Rewards earned in those transactions are still reportable elsewhere.
Transfers between your own accounts, and gifts. Moving coins out of an exchange, including sending them to someone as a gift, is a transfer rather than a sale; at Coinbase only the crypto used for the network fee lands in proceeds.
Small stablecoin and NFT totals. Under the optional methods, a broker can leave out designated stablecoin sales of $10,000 or less and specified NFT sales of $600 or less for the year.
Foreign exchanges. The 1099-DA rules apply to U.S. brokers, so a non-U.S. exchange may not send one. The sales are still taxable.

Stablecoins, NFTs, and Crypto Payments: The De Minimis Rules

Three de minimis rules keep small amounts off Form 1099-DA, and two of them only apply when the broker uses the optional aggregate method.

Qualifying stablecoins: a stablecoin pegged one-to-one to a government currency, with an effective stabilization mechanism and general acceptance as payment, qualifies. Under the optional method the broker reports only "designated" sales (for dollars or other stablecoins, not swaps into other crypto) and only if your total for the year exceeds $10,000; then it files one aggregate 1099-DA per stablecoin with box 11a checked.
Specified NFTs: under the optional method, nothing is reported unless your specified NFT sales exceed $600 for the year; then the broker files an aggregate form, with first sales of NFTs you created or minted in box 11c.
Processor payments (PDAP sales): a business paying merchants in crypto on your behalf reports your payments only if they exceed $600 for the year.

Sales under these thresholds still belong on your return; a stablecoin bought and sold at $1.00 simply shows no gain.

What If Your 1099-DA Is Wrong?

Contact the broker named in the "Filer" box and ask for a corrected form, keep the original and your correspondence, and don't hold your return waiting for it; that is the IRS's own advice on its 1099-DA page. If the corrected form never comes, report the proceeds as shown in column (d) of Form 8949 and fix the difference in column (g) with the right adjustment code and your own records. The IRS waived penalties for brokers' good-faith mistakes on 2025 forms (Notice 2024-56), so compare a first-year form against your exchange's transaction history before filing.

No backup withholding applies to 2025 or 2026 crypto sales: Notice 2025-33 extended the IRS's transition relief through calendar year 2026. Backup withholding at 24% can start with 2027 sales for customers who never certified their taxpayer ID, with further transition relief for accounts opened before 2026, so answer your exchange's W-9 request before then.

Common Form 1099-DA Mistakes

Reporting crypto in Form 8949 box C or F. The 2025 form moved digital assets to boxes G through L; boxes C and F are now for non-digital assets.
Treating blank basis as zero. A blank box 1g on a noncovered lot means the broker did not report basis, not that your basis is zero. Enter your actual basis in column (e).
Expecting one form per sale. A sale that mixes 2026 purchases with older or transferred coins can produce separate covered and noncovered 1099-DAs.
Restarting the holding period at the transfer-in date. Box 12b shows when coins arrived at the exchange; your holding period runs from the original purchase.
Pooling basis across wallets. Since January 1, 2025, basis is tracked per wallet or account; using one average across every exchange is no longer allowed.
Answering "No" on the Form 1040 digital asset question. A 1099-DA means a disposition happened, and the IRS now receives the same data.
Ignoring sales without a form. DeFi swaps, self-custody trades, and foreign-exchange sales still belong on Form 8949 in box I or L.

Crypto Records That Survive the Basis Box: How Jupid Helps

Form 1099-DA tells the IRS what you sold; your records have to tell it what you paid, lot by lot and wallet by wallet. Jupid connects to your bank accounts and categorizes transactions automatically at 95.9% accuracy, so exchange deposits, withdrawals, and crypto-related fees sit in their own categories instead of mixing with everyday spending. Ask the AI accountant in WhatsApp or iMessage "how much did I send to Coinbase in 2024?" and get a real-time answer from your own transactions. Jupid does not prepare Form 8949 or file 1099-DA corrections; it keeps the money trail you need to back up the basis column. Try Jupid.

Before You File With a 1099-DA

Download every 1099-DA and 1099-MISC from each U.S. exchange you used in the year (Coinbase: Tax Center, Documents).
Match each form to its lots: covered (basis in box 1g, box 2 checked) versus noncovered (box 9, blank basis).
Pull your own purchase records for every noncovered and transferred-in lot, including original purchase dates.
Export self-custody wallet and DeFi activity for the sales no broker reported.
Put each sale in the right Form 8949 box (G to L), or report box G and J totals directly on Schedule D if no adjustments are needed.
Answer "Yes" to the digital asset question on Form 1040.
Ask for a corrected form if your name, taxpayer ID, or state is wrong, and file on time regardless.

Use This with Your AI Agent

If you use Claude, ChatGPT, or another AI agent to prepare your return, our open-source Form 8949 skill handles the 1099-DA part. It reads box 2 and the Form 8949 code on each 1099-DA and sorts every sale into a digital-asset box: H or K for a 2025 form without basis, G or J if the broker reported basis, I or L when no form came. Where the broker could not supply the holding period, it dates your lots from the exchange CSV. It fills basis from your records, flags tokenized securities for the wash sale rule, and carries the totals to Schedule D. Review the draft before you file.

→ jupid-tax/jupid-skills on GitHub – forms/form-8949/SKILL.md

For Claude Code, clone the repo and run cp -r jupid-skills/forms/form-8949 ~/.claude/skills/. For the Anthropic SDK, load SKILL.md into the system prompt and the references/ files on demand. For browser-automation runtimes, filing.md covers the e-file or paper-file workflow.

Sources

Reviewed October 6, 2026 against the 2026 Form 1099-DA and its instructions, the 2025 Form 8949 instructions, IRS Notices 2024-56, 2024-57, and 2025-33, and Coinbase's help center. Exchange policies and dates can change before 2026 forms are issued. This article is general education, not personalized tax, legal, or accounting advice; consult a qualified tax professional for your situation.