The IRS has released a preview of new tax forms related to regulations for cryptocurrency investors

ChainCatcher news, according to CoinDesk, the Internal Revenue Service (IRS) has previewed future tax forms for crypto investors after completing its controversial regulations on how to report cryptocurrency transactions to the federal government. The new 1099-DA form will help calculate taxable gains or losses when digital asset brokers trade, and may include information such as filling in personal token codes and providing wallet addresses. The instructions accompanying the form indicate a date of 2025.

It is reported that this disclosure is only preliminary and may still change based on the final outcome of the tax rules proposed last year. While establishing U.S. tax practices for cryptocurrency is one of the necessary steps to eliminate uncertainty and confusion for investors, crypto businesses are anxious about how the IRS will identify digital asset brokers that need to comply with the new system, which may include wallet providers, decentralized platforms, and payment processors.

Additionally, the IRS is seeking public comments on the draft form. It is currently unclear when the IRS will issue the final regulations, but the 2025 form indicates that the final regulations will be released sometime this year.