IRS Form 1099-DA is a new form introduced to report digital assets (DA), including crypto, beginning with transactions on or after January 1, 2025. This form replaces the 1099-B as the form used to report dispositions of digital assets in certain sale or exchange transactions.

What to expect in 2025

• Similar to what was reported on the 1099-B, only gross proceeds will be reported to the IRS, while gross proceeds and cost basis (where available) will be reported to you.
• If you enter cost basis information in-app for any transferred crypto, all tax lots for that crypto will be marked as “customer-provided.”
• Designated sales of qualifying stablecoins will be reported on an aggregated basis. This means that sale proceeds of each qualifying stablecoin will be reported once the sum of the sale proceeds of all qualifying stablecoins exceeds $10,000.
• If you received $600 or more in rewards, they’ll be included on Form 1099-MISC and are reported to the IRS.

What to expect in 2026

• Gross proceeds and cost basis will be reported to both the IRS and you.
• Cost basis reporting will include transfers of crypto assets.

Check out the following sources for official IRS guidance on digital currencies:

• Final regulations and related IRS guidance
• About Form 1099-DA, Digital Asset Proceeds From Broker Transactions

The following Form 1099-DA examples help explain the key information that’s included and how multiple transactions for Robinhood Crypto will show as aggregated on the form.

1. Quantity: Is the aggregated sale quantity for multiple sales in a single day for the same crypto
2. Date acquired: It’ll show as Various when a crypto sale applies to multiple transactions with the same term
3. Name/Code for Digital Asset: Is aggregated for a single crypto, which is a 9-digit ID registered with the Digital Token Identifier Foundation (DTIF.org) for crypto trades. This will show 999999999 if the crypto is not registered with the DTIF.
4. Gain or loss: Is aggregated as the total gain or loss of all positions sold on a specific date.
5. Additional information: Shows additional information about the sale, including:

• How many transactions are included in the aggregated trade.
• If the tax lots disposed are considered to have “customer provided” cost basis.
• The quantity of transferred units sold and the transfer dates.

What if I have form corrections?

Because the cost basis is not reported to the IRS for Tax Year 2025 and is included on your 1099-DA for informational purposes only, we will not issue any corrections for any changes. For questions related to reporting cost basis on your tax return, consult with a tax professional.

Note that you can create a custom account activity report. These reports include all your transactions within your investing and retirement accounts and are downloadable as CSV files.