Tax Tip 2026-07: Reminders for taxpayers about digital assets

IRS Tax Tips

Jan. 28, 2026

Issue Number: Tax Tip 2026-07

Reminders for taxpayers about digital assets

Taxpayers are starting to receive their 2025 tax documents, such as W-2s, Forms 1099 or other income documents. People who sold or disposed of digital assets using a broker might receive a new Form 1099-DA from those brokers.

Examples of digital assets include

Convertible virtual currencies and cryptocurrencies such as Bitcoin
Stablecoins
Nonfungible tokens

Brokers must send taxpayers a copy of the same information they report to the IRS on Form 1099-DA by Feb. 17,2026. These are different from some other tax statements taxpayers may receive. Most of these statements will not include the basis for DA transactions in 2025 and taxpayers will have to calculate basis to determine their gain or loss.

Every taxpayer must report any related income, gains, or losses, whether they receive a Form 1099-DA or not.

Also, when people file their taxes, they must answer “yes” or “no” to the digital asset question whether they have digital assets or not. Taxpayers can use this questionnaire to help determine how to answer the digital assets question.

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Issue Number: Tax Tip 2026-07