Form 1099-DA

Box 1b: Name of digital asset

The full name of the asset you sold, exchanged, or transferred.

Box 1c: Number of units

Shows the total quantity of the digital asset sold, exchanged, or disposed of.

Box 1d: Date acquired

The date you originally purchased, mined, or otherwise obtained the digital asset.

Box 1e: Date sold or disposed

The date you sold, traded, or otherwise got rid of the asset.

Box 1f: Proceeds

The total gross proceeds from the sale or exchange. This is the total value you received after selling. If you had a loss, it would appear in parentheses as a negative amount.

Box 1g: Cost or other basis

What you paid for the digital asset (adjusted for fees or other costs). This is used to determine your capital gains or losses.

Box 1h: Accrued market discount

Any market discount that has built up since you acquired the asset. A market discount occurs when you buy an asset for less than its face value. This gets taxed as ordinary income rather than a capital gain.

Box 1i: Wash sale loss disallowed

Shows wash sale losses that can’t be claimed due to repurchasing a “substantially identical digital asset” within 30 days. Learn more from IRS on wash sales.

Box 2

Your broker will check this box if your cost basis was reported to the IRS (not required for tax year 2025).

Box 3a

Tells you whether the IRS was given your gross proceeds (total sale amount) or net proceeds (after fees).

Box 3b

If your digital asset transaction involves a Qualified Opportunity Fund (QOF), this box will be checked.

Box 4: Federal income tax withheld

Shows any backup withholding your broker withheld for you. This can happen if you don’t provide your TIN to the broker.

Box 5

Box will be checked if your reported loss doesn’t qualify due to specific IRS rules.

Box 6: Gain or loss

Indicates how your digital asset transaction is treated for tax purposes: short-term, long-term, or ordinary income.

Box 7

If checked, confirms that Box 1f contains only cash proceeds, not other asset types.

Box 8

If checked, your broker used your data (not theirs) to report information like acquisition dates or cost basis.

Box 9

This checkbox identifies whether the digital asset is a noncovered security (meaning the broker isn’t required to report basis information to the IRS).

Box 11a

If your broker is reporting sales of a digital asset eligible for optional reporting, this box indicates the type of digital asset (qualifying stablecoins or specified NFTs).

Box 11b

The total number of digital asset transactions from Box 11a.

Box 11c

Shows the total gross proceeds from an NFT creator’s first sales.

Box 12a: Number of units transferred in

Shows how many digital assets were transferred into the broker’s platform.