Simplifying Cryptocurrency Tax Reporting: What You Need To KnowEnglish 한국어日本語繁體中文PortuguêsไทยItalianoDeutschFrançaisEspañolKEY TAKEAWAYSThe IRS treats cryptocurrency as property, making every sale, trade, or spending event a taxable disposition that must be reported on Form 8949 annually. Mandatory cost basis reporting by brokers begins for assets acquired on or after 1 January 2026, with wallet-level tracking replacing the universal pooling method. Cryptocurrency tax reporting obligations have expanded significantly since the Infrastructure Investment and Jobs Act of 2021 introduced new broker reporting requirements. How Form 1099-DA Changes Broker Reporting in 2026Form 1099-DA became mandatory for centralised exchanges reporting 2025 transactions. Seth Wilks, Managing Director at Deloitte, said cost basis reporting will cause “a pretty good amount of confusion.”