Crypto University • 12 March 2026
No Adverts are availableTax reporting for crypto is tightening worldwide. In the U.S., exchanges and payment platforms must report user transactions via Form 1099‑DA starting with the 2025 tax year, with forms delivered to users beginning in January 2026 . The form captures gross proceeds, cost basis (when available), acquisition/disposition dates, wallet addresses and transaction identifiers .
U.S. Taxpayers: Step-by-Step Process
Step | Action | Key Details / Forms |
1 | Gather records | Spreadsheet of all trades/transfers since Jan 1, 2025 Dates, amounts, cost basis, wallet addresses |
2 | Receive 1099-DA | Sent by exchanges, payment apps, NFT marketplaces, some DeFi platforms |
3 | Match your data | Compare form data vs personal records Contact platform to correct discrepancies |
4 | Report income | Capital gains/losses → Form 8949 + Schedule D Staking/mining income → Schedule 1 |
5 | Keep documentation | Transaction logs, screenshots, statements Retain for at least 7 years (IRS audit window) |
Key Reporting Changes in 2026
Region | Regulation | Start Date | Main Requirement | Affected Platforms |
United States | Form 1099-DA | 2025 tax year (forms in Jan 2026) | Report gross proceeds, cost basis, dates, wallets, tx IDs | Exchanges, payment apps, NFT markets, some DeFi |
European Union | DAC8 | January 1, 2026 | Collect & report user transaction data | Crypto-asset service providers |
International considerations
For EU users, DAC8 requires exchanges to collect and report user transaction data starting 1 January 2026 . Make sure your platform will issue these reports. Many countries now treat crypto as taxable property; consult local tax professionals for specific rules. To reduce surprises, use portfolio‑tracking software that exports tax forms and supports multiple jurisdictions.
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