
Form 1099-DA provides transaction information to the IRS. How useful is it for taxpayers and their preparers?Clinton Donnelly of CryptoTaxAudit discusses customer experiences with the forms for the 2025 tax year, including document length, first-year cost-basis reporting, different exchange formats and Form 8949 boxes.He also considers crypto income reporting estimates, questions around study methodology and a hypothetical scenario involving filing errors and audits. He closes with his views on clearer data summaries for taxpayers and preparers.Crypto tax preparation support:https://www.cryptotaxaudit.com/In this episode:00:00 Taxpayer and preparer experiences00:23 IRS reporting and taxpayer clarity00:43 Document length, cost basis and form formats01:43 Reporting estimates and IRS implementation03:24 Data summaries and closing views
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