
Crypto Form 1099-DA (2025 Trades Onward): Custodial Broker Reporting, DeFi Rule Repealed, Compliance Planning
U.S. custodial brokers report digital-asset dispositions on Form 1099-DA; 2025 reports often show gross proceeds while taxpayers still compute basis. Congress disapproved the DeFi broker rule. The GENIUS stablecoin law is not a tax holiday. Reconcile 1099-DAs and keep exchange/on-chain records.
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