The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs

The U.S. Internal Revenue Service (IRS) yesterday released an updated draft version of the tax form 1099-DA, which is used by cryptocurrency brokers and investors to report certain trading gains, and the public has 30 days to provide the IRS with comments on the version. Starting in 2026, cryptocurrency investors who use brokers (currently mainly CEXs such as Coinbase and Kraken) will receive 1099-DAs from these brokers to report certain cryptocurrency sales and transactions to the IRS as taxable events. IRS officials said this form will "bring more convenience and clarity" to users who pay U.S. crypto taxes. The newly released updated version of 1099-DA is more streamlined than the first draft of the tax return proposed by the IRS in April. The items for investors to fill in wallet addresses and transaction IDs have been removed (which caused privacy-related controversy when the form was first released), and it is no longer required to fill in the time of the relevant transactions, only the date. Drew Hinkes, a cryptocurrency lawyer and partner at Miami law firm K&L Gates, said the updated form "has been greatly improved, reducing the burden of filling out and requiring significantly less data reporting." (CoinDesk)