The IRS has proposed a rule allowing crypto exchanges, such as Coinbase and Kraken, to require clients to receive tax forms electronically, moving towards a more streamlined system for reporting digital asset transactions. This proposal aligns with recent requirements for brokers to report both the gross proceeds and cost basis of digital asset sales using Form 1099-DA, which aims to reduce underreporting and enhance compliance oversight in the crypto market. The proposed change is currently open for public commentary and has not yet been officially enacted.
IRS proposes allowing crypto exchanges to require electronic tax form delivery
