New IRS Crypto Tax Form Risks Overpayment on Sale Proceeds

By Drift Striker · February 20, 2026

A newly introduced IRS tax form, Form 1099‑DA (Digital Asset), is catching crypto investors off-guard this filing season. Issued by exchanges like Coinbase and Robinhood for the 2025 tax year, the form reports gross proceeds from digital asset sales—but crucially leaves out the cost basis. That omission risks significant overpayment by taxpayers unless they supply […]