IRS 1099-DA Starts in 2026: How They’ll Track Your Crypto Wallets & Trades

2 months ago
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Starting January 2026, the IRS is launching 1099-DA forms—and it’s about to change how crypto gets reported in the U.S.

In this must-watch video, Clinton Donnelly breaks down what the 1099-DA is, how it exposes your wallet addresses, and why failing to act could land you on the IRS’s audit radar. Whether you’re a casual investor or a DeFi power user, you need to understand what’s coming.

What you'll learn:
- What the IRS 1099-DA form includes (and what it leaves out)
- Why your wallet transfers are no longer private
- How centralized exchanges like Coinbase, Kraken, and Robinhood will report your activity
- What to do now to avoid CP2000 notices and IRS audits

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⏱️ Timestamps:
00:00 – Intro: What Is the 1099-DA?
00:54 – Who Will Receive a 1099-DA Form
01:36 – What the IRS Will See From Your Wallet
02:25 – Why Transfers Are Now Traceable
03:12 – IRS Surveillance of Your Portfolio
04:00 – CP2000 Notices and IRS Mismatch Risk
05:04 – The IRS’s View on Wallet Privacy
06:00 – Cross-Exchange Transfers and Reporting
07:12 – How the 1099-DA Affects Miners & Validators
08:14 – Simple Investor vs. Complex Wallet Strategy
09:00 – Final Thoughts: Why You Must Prepare Now

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📜 Disclaimer
The content in this video is for educational and entertainment purposes only. While we aim to provide accurate and up-to-date information about cryptocurrency taxation, this is not intended as legal, tax, or financial advice. Always consult with a qualified tax professional to ensure compliance with IRS regulations and accurate reporting of your cryptocurrency transactions.

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