Do You Get a 1099 for Crypto? Complete Guide for 2026

Starting with the 2025 tax year, most major US crypto exchanges must send you Form 1099-DA for every crypto sale. Here is everything about crypto 1099s.

The New Standard: Form 1099-DA

The IRS created Form 1099-DA specifically for digital assets. Starting 2025, US-regulated exchanges must send 1099-DA to every customer who sold or exchanged crypto. The form reports gross proceeds – and increasingly, cost basis.

Which Exchanges Send 1099-DA?

• Coinbase ✅
• Kraken ✅
• Gemini ✅
• Robinhood ✅
• Binance.US ✅
• Cash App ✅
• PayPal / Venmo ✅
• Crypto.com ✅

Non-US exchanges (Binance.com, Bybit, OKX) are not required to file 1099-DA. But you must still report those transactions yourself.

What 1099-DA Reports

• Gross proceeds from each crypto sale
• Date acquired and date sold
• Cost basis (for covered transactions)
• Short-term vs long-term classification

What If You Don't Get a 1099?

You must still report your crypto transactions even without a 1099. Common reasons you might not receive one: you used a non-US exchange, a non-custodial wallet, or you only bought (no sales).

What to Do With Your 1099

1. Verify proceeds match your own records
2. Check cost basis figures – may show $0 for older purchases
3. Import into crypto tax software for complete Form 8949
4. Do not just copy the 1099-DA total onto Schedule D – you need individual transaction Form 8949

What If Your 1099-DA Is Wrong?

Contact the exchange for a corrected form. You can still file with your correct figures and attach an explanation. The IRS may send a CP2000 notice – respond with documentation of your actual cost basis.

Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.