BLOOMBERG LAW · 2026-11-10 19:51 UTC

Treasury to Crypto Brokers: No More Delays on Basis Reporting

The Treasury Department has no plans to delay basis reporting for crypto brokers another year, an official said. Final IRS and Treasury regulations from 2024 phased in reporting, starting Jan. 1, 2025 with gross proceeds on the new 1099-DA form. Brokers were given extra time to set up systems for reporting basis, which the article says was delayed.

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