Mar 9, 2026 8:43 PM
The new IRS Form 1099-DA will only report your gross crypto sales proceeds, completely omitting your original purchase price. This means the IRS will initially see a much higher taxable amount, potentially forcing you to pay significantly inflated taxes unless you meticulously track your own cost basis. Is it acceptable for the tax system to put the burden of proving lower gains entirely on the taxpayer?
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