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New Crypto Tax Form Makes Advisers Into Students and Teachers

New Crypto Tax Form Makes Advisers Into Students and Teachers

For tax professionals, the month of April was filled with heavy workloads, strict deadlines, and pressing client requests.

This year’s tax season added another layer of complexity to an already demanding process, as it marked the most significant shift in crypto tax reporting history: the introduction of Form 1099-DA, an IRS tax form used by brokers to report proceeds from digital asset transactions.

Despite investors having more than a year to prepare, a new report from CoinTracker and Coinbase suggests a clear disconnect in crypto tax readiness—61% of crypto investors surveyed were unaware of the new 2025 crypto tax rules.

This lack of knowledge, combined with growing interest in digital assets over the past few years, created new…

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