Is Form 1099-DA Helping Crypto Taxpayers?

<p>Form 1099-DA provides transaction information to the IRS. How useful is it for taxpayers and their preparers?</p><p>Clinton Donnelly of CryptoTaxAudit discusses customer experiences with the forms for the 2025 tax year, including document length, first-year cost-basis reporting, different exchange formats and Form 8949 boxes.</p><p>He also considers crypto income reporting estimates, questions around study methodology and a hypothetical scenario involving filing errors and audits. He closes with his views on clearer data summaries for taxpayers and preparers.</p><p>Crypto tax preparation support:<br><a href="https://www.cryptotaxaudit.com/">https://www.cryptotaxaudit.com/</a></p><p>In this episode:<br>00:00 Taxpayer and preparer experiences<br>00:23 IRS reporting and taxpayer clarity<br>00:43 Document length, cost basis and form formats<br>01:43 Reporting estimates and IRS implementation<br>03:24 Data summaries and closing views</p>