Filer Tax Profile 2026 Rules
The proposed House framework mandates gross proceeds reporting under revised digital broker statutes (IRS Form 1099-DA).
Record Digital Asset Trade
Transaction Ledger
Classified dispositions, cost basis, and 1099-DA status
| Date | Asset & Type | Units | Price | Total Gross | 1099-DA Status | Action |
|---|
Under the bipartisan digital asset tax provisions advancing through the US House committee, crypto trading platforms, custodial brokers, and certain decentralized protocol gateways are phased into mandatory digital asset reporting. Realized dispositions (sells and taxable token exchanges) trigger ordinary capital gains liability based on individual filing brackets.
Note: Transactions missing broker reporting (Unreported 1099-DA) require manual Schedule D / Form 8949 cost-basis reconciliation to avoid IRS discrepancy notices.