Form 1099-DA: Digital Asset Sales for 2025
Published November 6, 2026
If you sold digital assets through a broker, you may receive Form 1099-DA. The form reports the gross proceeds from those sales. This guide covers 2025 sales, as described in Publication 544 (2025). It is general information. It is not advice about your return.
What the broker must report for 2025
Publication 544 (2025) says an information return must be provided on gross proceeds, and on voluntary basis information, for each digital asset sale that a broker effected for a customer in 2025. The broker must complete Form 1099-DA. For 2025, the broker is not required to report basis information.
That means the form may show what you received from a sale, but not what you paid for the asset. Finding that basis is up to you.
Basis is still your responsibility
Basis is what you paid for the asset, plus costs that belong to the purchase. Without basis on the form, you need your own records. Keep the purchase date, the amount you paid, and any commissions or charges the platform took when you bought. Keep the sale records too.
Our guide to stock and crypto sales on your return covers the sale side in more detail. It explains how the gain or loss is figured for each sale.
Where the sale goes on your return
Publication 544 says to use Form 1099-DA to complete Form 8949 and, where it applies, Schedule D. It also says to follow the instructions for Form 8949 and Schedule D. Each sale is reported on the part of Form 8949 that matches how long you held the asset. Our guide to Form 8949 check boxes and columns goes through each column.
Publication 544 lists Form 1099-DA beside Form 1099-B. Both can go to the same Form 8949 entries. If you have a Form 1099-B and a Form 1099-DA, keep them separate so you do not report a sale twice. Publication 544 says to follow the Form 8949 instructions for each column, so check them before you enter basis or adjustments.
When the form shows a loss
A loss on a sale is reported the same way as a gain. Our guide to the capital loss limit and carryover explains what happens when your losses are larger than the yearly limit.
Gross proceeds are not your gain
Publication 544 (2025) describes the information return as gross proceeds, which is the total you received from the sale before any cost is subtracted. Your gain or loss is the difference between that amount and your basis, which is what you paid plus certain costs of the purchase. The form starts the calculation, and your records finish it.
More than one platform
Each broker or platform that handled your sales sends its own Form 1099-DA. If you used several, add the sales from each one to your Form 8949 entries, and check that no sale appears twice.
This guide covers 2025 only
Publication 544 (2025) describes the 2025 rule. Rules and form instructions for later years may change. For a sale made in another year, check the Form 1099-DA and its instructions for that year before you rely on this guide.
Simple steps
- Check for a Form 1099-DA from each broker or platform you used in 2025.
- Compare the gross proceeds with your own records of each sale.
- Gather the purchase records, because the broker may not report your basis for 2025 sales.
- Enter each sale on Form 8949, and carry the totals to Schedule D.
Upload your documents and answer a few simple questions. Your preparer reviews every deduction and credit and lets you know when your return is ready to sign.
Sources: Sources: IRS, Publication 544 (2025), Sales and Other Dispositions of Assets (https://www.irs.gov/pub/irs-pdf/p544.pdf) This is general information, not advice about your specific return.
