Exchange tax guides
1099-DA · staking, margin & futures · basis gaps
Read the ultimate guide →
1099-DA · staking, Advanced & Base · basis gaps
Read the ultimate guide →
1099-DA · OTC trading · staking · basis gaps
Read the full guide →
1099-DA · futures · margin · Earn · OTC
Read the full guide →
1099-DA · DeFi Wallet · card · Earn · Cronos
Read guide →
US closure · futures · KCS · bots · basis
Read guide →
US limits · perps · bots · basis
Read guide →
1099-DA · basis · wallet
Read guide →The 2025 tax year brought the new Form 1099-DA, the first dedicated digital-asset broker form. For 2025, it reports gross proceeds only. Beginning with 2026 transactions, brokers must also report cost basis for covered assets, those bought and sold on the same platform. The catch: any crypto you transferred in from another wallet or exchange often arrives with no cost basis, so the form can report your full sale price as a gain. Combined with the per-wallet basis rule (Rev. Proc. 2024-28, effective January 1, 2025), accurate filing now depends on reconciling your complete history across every platform, not just trusting one exchange's form.
A printable, step-by-step guide and checklist to reconcile every coin and wallet, recover missing cost basis, and file accurately before the deadline.
We reconcile your full history across every exchange and wallet into clean, CPA-ready reports, with the cost basis the forms leave out.
This page is educational and not tax, legal, or investment advice. Count On Sheep is not a CPA firm and does not file tax returns. Tax outcomes depend on your specific situation, consult a qualified professional before filing.