Crypto.com Form 1099-DA (Investor’s Guide 2026)

What is Form 1099-DA?

Form 1099-DA is a tax form designed to help centralized exchanges report capital gains and losses from cryptocurrency to customers and the IRS. The form helps the IRS verify that crypto investors are accurately reporting their taxable income.

Is Form 1099-DA enough to file my taxes?

No. Form 1099-DA is an informational form. Even if you receive it, you are still required to report your capital gains and losses on Form 8949.

It's also worth noting that cost basis information on Form 1099-DA can be inaccurate. Simply copying the numbers from the form without double-checking could cause you to overpay on your taxes.

What issues are Crypto.com users facing with Form 1099-DA?

Incorrect cost basis

As mentioned earlier, cost basis estimates on your Form 1099-DA can be incorrect. This is not the fault of Crypto.com. These problems occur due to cryptocurrency’s transferable nature. 

Remember, Crypto.com has no record of transactions that happened outside its platform. If you transferred crypto into the platform, Crypto.com does not know your original purchase price for your cryptocurrency. 

In this case, your actual capital gain is $65,000. However, if you simply copy and paste the numbers from the form, you may report a $95,000 capital gain and overpay on your taxes. 

Luckily, the fix for cost basis issues is simple.

At this time, exchanges are not required to track and report cost basis on Form 1099-DA. That means there's no need to request a corrected Form 1099-DA if your cost basis is incorrect. Under current IRS guidelines, you can simply report the correct cost basis on Form 8949, provided that you have supporting documentation from Crypto.com or your crypto tax software.

Crypto.com DeFi Wallet and on-chain activity

If you use the Crypto.com DeFi Wallet, the non-custodial wallet tied to the Crypto.com ecosystem, that activity will not appear on your Form 1099-DA. 

Form 1099-DA covers your Crypto.com exchange account only.

Form 1099-DA vs. Form 1099-MISC

Crypto.com issues both Form 1099-DA and Form 1099-MISC, but they are different forms designed to report different types of income.

Form 1099-DA covers capital gains and losses from cryptocurrency disposals. 

Form 1099-MISC covers ordinary income from cryptocurrency you earned. You will receive Form 1099-MISC if you earned $600 or more from Crypto.com through activities like staking and referrals. 

Who receives a Crypto.com 1099-DA?

Any U.S. user who sold, traded, or otherwise disposed of crypto through the Crypto.com exchange during 2025 is eligible to receive Form 1099-DA. Simply buying and holding does not trigger the form.

There is no minimum dollar threshold for issuing Form 1099-DA. Even small transactions are reported on the form. 

When will I get my Crypto.com Form 1099-DA?

Crypto.com delivers 1099 forms by email, sent from no-reply@crypto.com. 

While Form 1099-DA was supposed to be sent to customers in mid-February 2026, some Crypto.com users have reported delays in receiving the form. 

What information does Crypto.com report on Form 1099-DA?

Information included

Your Crypto.com Form 1099-DA will include:

• The digital asset sold and its DTIF code
• Number of units disposed of
• Date of the transaction
• Gross proceeds 
• Your account and taxpayer identification information

Important information not included

The form will not include:

• Cost basis for crypto transferred in from another exchange or wallet
• Any transactions made through the Crypto.com DeFi Wallet
• Activity on other platforms or wallets you own

Crypto.com has no visibility into transactions that occurred outside its exchange platform. You are required to keep your own records across all wallets and exchanges.

How to calculate your actual crypto gains

Step 1: Import your transactions

Connect your Crypto.com account and any other wallets or exchanges to CoinLedger via API or CSV import. CoinLedger supports hundreds of platforms, and you’ll be able to see your gains, losses, and cost basis all in one place. 

Step 2: Double-check your transactions

Review your transactions and gain/loss calculations. CoinLedger flags missing cost basis and automatically classifies your transactions before you generate your report. 

Step 3: File your tax return

Now, you’re ready to download forms like Form 8949 and Schedule D. Export your completed tax report directly to TurboTax or H&R Block, or share it with your accountant. 

What if my proceeds don't match my records?

You may see minor differences between gross proceeds on your 1099-DA and your own records. 

The most common reason for this issue is that Crypto.com may use a different price oracle than your crypto tax software. 

When there is a small discrepancy, it’s recommended to report the proceeds numbers shown on your Form 1099-DA. Remember, these are the amounts Crypto.com reported to the IRS. 

What do I do if my Crypto.com Form 1099-DA is completely wrong?

In some cases, your Form 1099-DA may contain grossly inaccurate information: transactions that never occurred, or proceeds figures significantly different from your records. 

Here are some steps you can take:

1. Contact Crypto.com support: Request a corrected 1099-DA and document your attempts to resolve the issue. This shows good faith effort on your part if the IRS investigates.
2. Don't ignore it: Calculate your actual tax liability using complete records from Crypto.com and all of your other wallets and exchanges manually or by using a platform like CoinLedger.
3. Consider filing an extension: A tax extension gives you more time to obtain a corrected form.
4. File with accurate information: Report your corrected figures on Form 8949. You can attach a brief explanation noting the error and the steps you took to address it.

Note: If your cost basis is reported wrong, there's no need to request a corrected form. Simply report your accurate cost basis on Form 8949. 

What cost basis method can you use?

Under IRS rules, FIFO (first-in, first-out) is the default cost basis method for digital assets. FIFO means the oldest units of cryptocurrency you purchased are treated as the first ones sold.

Crypto.com uses FIFO as its default for tax calculations. To match the numbers on Crypto.com’s Form 1099-DA, you should use the same accounting method you selected in your Crypto.com account.

Can I get a warning letter for Form 1099-DA?

Yes. Crypto.com sends a copy of your Form 1099-DA directly to the IRS. 

If there are major differences between the proceeds reported on the form and your tax return, the IRS's automated systems will flag your return. A warning letter will likely follow, and in more serious cases, penalties, fines, or an audit.

Get started with CoinLedger

Over 700,000 investors use CoinLedger to take the stress out of tax season. CoinLedger connects Crypto.com and hundreds of other exchanges and wallets, pulls in your full transaction history, and calculates your actual gains and losses. 

Get started with a free account today.