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05 March 2026

IRS proposes alternative process for digital asset brokers to obtain consent to provide electronic 1099-DA statements

The IRS on March 5, 2026, issued proposed regulations (REG-105064-25) that would provide digital asset brokers with an alternative process for obtaining consent from their customers to receive 1099-DA statements in an electronic format without offering a paper alternative. The IRS also issued Notice 2026-4 requesting comments on the issues involved with furnishing 1099-B statements and other payee statements electronically. A Tax Alert is forthcoming.

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Published by NTD’s Tax Technical Knowledge Services group; Chris DeZinno, legal editor

Document ID: 2026-0572

 

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