Form 1099-DA first reports 2025 digital-asset gross proceeds during the 2026 filing season. Basis reporting begins for certain covered digital assets acquired on or after January 1, 2026.

Cryptocurrency compensation is measured in U.S. dollars when paid. Employee wages remain subject to payroll reporting and withholding, contractor reporting uses the applicable 2026 threshold, and the payer may recognize gain or loss on transferred crypto.