{"id":94429,"date":"2026-02-18T20:16:29","date_gmt":"2026-02-18T17:16:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=94429"},"modified":"2026-02-18T20:20:17","modified_gmt":"2026-02-18T17:20:17","slug":"us-crypto-investors-alarmed-by-new-irs-tax-requirements","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/us-crypto-investors-alarmed-by-new-irs-tax-requirements\/","title":{"rendered":"US Crypto Investors Alarmed by New IRS Tax Requirements"},"content":{"rendered":"

Revised transparency rules from the IRS<\/span> have unsettled American crypto investors. The new tax regulations now require exchanges to disclose client information. <\/p>\n

The declaration form titled “Income from Digital Assets Received from Brokerage Transactions” (1099-DA<\/a>) will come into effect for the 2026 calendar year. <\/p>\n

Brokers will send this document to both the IRS and the taxpayer. It accounts for digital asset transactions, from investment amounts to profits or losses incurred.<\/p>\n

\"image\"
Source: irs.gov.<\/figcaption><\/figure>\n

This form must be completed by all US-licensed crypto exchanges like Coinbase for each client. <\/p>\n

Taxpayers’ Reaction <\/h2>\n

According to a survey<\/a> by Awaken Tax among 1,000 crypto investors, most expressed concern over the drastic shift from self-reporting to automatic transaction reporting.<\/p>\n

Andrew Duka, the company’s founder, described the new tax rules as a “blunt instrument” crafted by lawmakers unfamiliar with cryptocurrencies. <\/p>\n

\n

“This means cryptocurrencies are treated like stocks, although they are a different asset class. Real crypto users move funds between multiple wallets and interact with DeFi protocols using rather complex trading strategies,” noted Duka.<\/p>\n<\/blockquote>\n

Platforms like Coinbase provide information only on sales income and cannot report the tax basis for a specific digital asset, which typically includes the purchase price and acquisition costs.<\/p>\n

Duka added that the responsibility to “fill in” missing information falls on the holder through the updated Form 8949<\/a>. Reddit users have already begun sharing<\/a> tips on how to conveniently account for data from trading platforms.<\/p>\n

\n

“The document is indeed poorly designed and inconvenient for cryptocurrency users. But it’s what they managed to do\u2014faster and simpler,” added the founder of Awaken Tax.<\/p>\n<\/blockquote>\n

Back in December 2025, American lawmakers introduced<\/a> a tax payment project for digital assets, which considers small transactions with stablecoins<\/a> and provides a deferral for staking<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

Revised transparency rules from the IRS have unsettled American crypto investors. The new tax regulations now require exchanges to disclose client information.<\/p>\n","protected":false},"author":1,"featured_media":94430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Revised IRS rules unsettle US crypto investors; exchanges must disclose client information.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,558,26],"class_list":["post-94429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-taxes","tag-usa"],"aioseo_notices":[],"amp_enabled":true,"views":"147","promo_type":"1","layout_type":"1","short_excerpt":"Revised IRS rules unsettle US crypto investors; exchanges must disclose client information.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=94429"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94429\/revisions"}],"predecessor-version":[{"id":94431,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/94429\/revisions\/94431"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/94430"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=94429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=94429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=94429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}