CPE & Events Catalog

Surgent's A Complete Guide to Reporting Form 1099-DA

For each digital asset sale that a broker has affected for a customer in 2025, the broker must complete Form 1099-DA. A broker includes any person who, in the ordinary course of a trade or business, stands ready to affect sales of digital assets to be made by others. This program covers the required rules for reporting digital asset transactions on Form 1099-DA. **Qualifies for EA Credit

Learning Objectives

Understand the rules relating to Form 1099-DA

Highlights

· Definition of a digital asset for purposes of Form 1099-DA · What is a sale of a digital asset affected by a broker on behalf of another person? · Mandatory 2025 reporting of gross proceeds information and voluntary reporting of basis information · Treatment of sales of digital assets · Who is a broker for purposes of Form 1099-DA? · Information required to complete Form 1099-DA · Reporting closing transactions and covered securities · Who is a processor of digital asset payments? · How many transactions to report on each Form 1099-DA and how many forms to file for each transaction · Optional reporting methods for digital asset transactions · Substitute statements for the Form 1099 · Reporting a disposition of digital assets held by a widely held fixed investment trust

Event Level: Basic

Field of Study: Taxation

Advanced Prep

None

Who Should Attend

Accounting and finance professionals who need to understand the rules regarding Form 1099-DA

Required Knowledge