The Internal Revenue Service (IRS) has proposed a rule allowing cryptocurrency exchanges to mandate the electronic delivery of Form 1099-DA, a tax document for reporting digital asset transactions, via apps or email. Under the proposal, exchanges could require users to agree to these terms during the account setup process. If users refuse electronic delivery, exchanges may terminate their accounts. The proposal is currently open for public comment until May 5, 2026.
IRS Proposes Mandatory Electronic Delivery of Form 1099-DA by Crypto Exchanges
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
