A New Era of Crypto Tax Reporting The 2025 tax year represents a defining shift in how the IRS monitors cryptocurrency activity. For the first time, custodial exchanges like Coinbase are required to report customer transaction data directly to the IRS using the new Form 1099-DA. Millions of Coinbase users are now receiving these forms, many for the first time, and the learning curve is steep. While the introduction of Form 1099-DA was intended to bring clarity to digital asset reporting, its...