Surgent's A Complete Guide to Reporting Form 1099-DA
2.00 Credits
Member Price $99
Non-Member Price $119
Overview
For each digital asset sale that a broker has affected for a customer in 2025, the broker must complete Form 1099-DA. A broker includes any person who, in the ordinary course of a trade or business, stands ready to affect sales of digital assets to be made by others. This program covers the required rules for reporting digital asset transactions on Form 1099-DA.
Highlights
- Definition of a digital asset for purposes of Form 1099-DA
- What is a sale of a digital asset affected by a broker on behalf of another person?
- Mandatory 2025 reporting of gross proceeds information and voluntary reporting of basis information
- Treatment of sales of digital assets
- Who is a broker for purposes of Form 1099-DA?
- Information required to complete Form 1099-DA
- Reporting closing transactions and covered securities
- Who is a processor of digital asset payments?
- How many transactions to report on each Form 1099-DA and how many forms to file for each transaction
- Optional reporting methods for digital asset transactions
- Substitute statements for the Form 1099
- Reporting a disposition of digital assets held by a widely held fixed investment trust
Prerequisites
None
Designed For
Accounting and finance professionals who need to understand the rules regarding Form 1099-DA
Objectives
- Understand the rules relating to Form 1099-DA
Preparation
None
Leader(s):
Leader Bios
Michael Tucker, Surgent McCoy CPE, LLC
Michael J. Tucker, Ph.D, LL.M, J.D., CPA, is a professor of Accounting at Quinnipiac University in Hamden, Conn., and is a consultant for T.M. Byxbee Company, P.C., Certified Public Accountants. Tucker handles a wide variety of client transactions, including mergers and acquisitions, entity formations and dissolutions, and distributions to owners/shareholders/partners. In addition, he is the author of over 100 articles and books dealing with various tax topics, a frequent lecturer at conferences and seminars throughout the country, and is co-host for the CPA Report, a monthly television and video series dealing with the latest tax topics.
Non-Member Price $119
Member Price $99