![Graphic showing a conversion of Bitcoin to USD with Form 1099-DA in the background.](https://gordonlaw.com/wp-content/uploads/2024/07/irs-1099-da-broker-regulations-600x400-1.jpg)
Crypto Exchanges Will Report Trades to IRS: Long-Awaited Broker Requirements Released
The IRS and U.S. Department of the Treasury on Friday released long-awaited regulations for digital asset brokers to report users’ taxable transactions on Form 1099-DA.