Crypto.com 1099-DA Tax Forms Explained
Understand your Crypto.com 1099 forms, what they report, how they impact your crypto taxes, what you need to do, and how to report your Crypto.com taxes this season.
Will Crypto.com send a 1099 form?
Yes, Crypto.com sends 1099 forms to you and the IRS. You will receive a 1099-MISC or a 1099-DA depending on your transactions. It's likely that your 1099-DA form(s) will be incorrect.
What’s included in a Crypto.com 1099-DA form?
Your Crypto.com 1099-DA will include the following information:
Your name, Taxpayer Identification Number (TIN), and your address.
Account name and identifiers
The name/code for the digital asset, the type of asset, and the number of assets
The acquisition date and the sale/disposal date.
The cost basis of the asset and the proceeds from the transaction
Sections for aggregated transactions for stablecoins and NFTs
For forms issued in early 2026, it is likely that your Crypto.com 1099-DA will be reporting on the gross proceeds you made from disposals, rather than your capital gains or losses.
What's included in a Crypto.com 1099-MISC?
Your Crypto.com 1099-MISC reports on your crypto income, such as staking rewards. If you've earned more than $600 throughout the financial year, you’ll receive one.
Your 1099-MISCs are usually more accurate than 1099-DAs.
When will Crypto.com send 1099-DA?
1099 forms are issued by late January or early February, with the official 2026 deadline for issuing 1099-DA forms being February 17.
However, due to the complications and chaos caused by the introduction of the 1099-DA forms, the IRS will not penalize exchanges for issuing 1099-DAs after the deadline.
Crypto.com has stated that they will send out emails when your new tax form has been issued.
Where to download Crypto.com 1099 forms
Crypto.com will send you an email from '[email protected]' when your 1099 forms are ready. They state to follow the link in the email to download your copies.
Users have noted that they are receiving emails from '[email protected]' which has caused some worry around whether the email they received is legit. If you are skeptical about the email you received, reach out to Crypto.com support and ask them to send you the link in the chat, so you know it is coming directly from them.
Why is my Crypto.com 1099-DA wrong?
For the 2025 financial year (2026 filing year), exchanges are not required to report on cost basis due to the complexities surrounding this new way of reporting.
Crypto.com has opted out of reporting on cost basis, meaning it's very likely that section 1g on your 1099-DA(s) is 'unknown', meaning it is reporting your gross proceeds, rather than your capital gains and losses. If you were to go by your Crypto.com 1099-DA, you could end up under- or over-paying tax.
There are other potential issues that could occur, depending on your trading history, such as if you have transferred your asset(s) on or off of Crypto.com. This would cause the following sections of your 1099-DA to be incorrect or unknown:
1d (date acquired)
1i (wash sale loss disallowed)
6 (short or long-term gain or loss)
How to fix my Crypto.com 1099-DA
To fix your Crypto.com 1099-DA, you must report the correct cost basis on your tax return. As exchanges are not required to report on the cost basis of non-covered assets, you are solely responsible for tracking, calculating, and reporting the correct cost basis on Form 8949.
Non-covered assets include:
Crypto acquired before January 1, 2026
Any crypto transferred into Crypto.com from an external wallet or another exchange.
Assets classed as covered include crypto acquired and held on Crypto.com until sold. Beginning in the 2026 tax year, Crypto.com is required to report the sales proceeds of assets as well as the cost basis to you and the IRS. However, you still have a responsibility to check and ensure that the cost basis has been reported correctly.
Unlike on other exchanges, you cannot edit the cost basis of your transactions directly on Crypto.com. Instead, you can import your transaction history to a crypto tax calculator, like Koinly, where you can track your cost basis across Crypto.com and other exchanges and wallets, and accurately calculate your taxes.
What do I do if I receive a 1099 form from Crypto.com?
If you receive a 1099-DA or 1099-MISC from Crypto.com, follow these steps:
Review your details. Check that your 1099 form includes accurate information about your transactions and your correct personal details.
Use a crypto tax calculator to calculate your taxes.
Report your accurate gains and losses on Form 8949 by selecting the relevant checkbox as to whether your cost basis was or was not reported.
Report your income in Schedule 1/C depending on your circumstances.
Keep thorough records. Although the IRS isn’t likely to audit those actively reporting crypto, large discrepancies may raise questions.
How do I report my Crypto.com taxes to the IRS?
Just by importing your Crypto.com transaction history through API, Koinly can help you track your cost basis and accurately calculate your crypto taxes.
Once everything's calculated, you can generate tax reports, including Form 8949 and Schedule D, to compare against your Crypto.com 1099-DA and report accurately when filing your return.
