Crypto tax forms leave 1 in 5 US investors unsure of accuracy
A survey of US crypto investors has found that about one in five who filed or planned to file a tax extension received an incomplete 1099-DA or were unsure whether the form matched their trades. Awaken Taxs August survey found that another 21% of respondents who had filed, or planned to file, an extension were still waiting for information from an exchange or crypto platform. The findings concern a group of taxpayers trying to finish 2025 returns during the first filing season for Form 1099-DA, which brokers use to report certain digital asset transactions to the Internal Revenue Service. The IRS says brokers generally had to report gross proceeds from covered 2025 transactions. Proceeds show what a customer received in a sale, but most forms for that tax year do not show what the customer originally paid. Taxpayers need both figures to calculate a gain or loss, and the agency says they must report digital asset income, gains, and losses even if no 1099-DA arrives. Crypto tax forms can show a sale without its cost For a taxpayer who bought Bitcoin for $9,000 and sold it for $10,000, the gain would be $1,000 before any applicable adjustments. A 2025 Form 1099-DA could report the









