Tax year 2025 is the first year digital asset brokers are required to issue Form 1099-DA to customers. If you traded crypto on Coinbase, Kraken, Robinhood Crypto, Gemini, or any other US-regulated exchange in 2025, you should have received one by mid-February 2026. It looks similar to a 1099-B but isn't quite the same, and the import path into TurboTax has its own quirks.
This guide walks through what 1099-DA actually is, which exchanges issue it, what information it contains (and, critically, what it leaves out), and the best way to get the data into TurboTax for each major exchange.
What Is 1099-DA?
1099-DA is a new IRS form introduced under the Infrastructure Investment and Jobs Act of 2021, with final regulations published in 2024. It requires digital asset brokers — custodial exchanges like Coinbase and Kraken, and certain payment processors — to report customer sales proceeds to the IRS, the same way traditional brokers report stock sales on 1099-B.
The 2025 tax year is the first year the form is required. It covers sales and dispositions of digital assets occurring January 1 through December 31, 2025, reported to you by February 2026.
What 1099-DA reports:
- Gross proceeds from each sale or exchange
- Date of sale
- Description of the asset (BTC, ETH, etc.)
- Whether it was a short-term or long-term holding (if known to the broker)
What 1099-DA does NOT report (in year 1):
- Cost basis, in most cases. Brokers are not required to report basis for the 2025 tax year — that requirement kicks in for 2026 transactions, filed in 2027.
- Wash sale adjustments (wash sales don't apply to crypto under current IRS guidance).
- Transactions that crossed between exchanges or self-custody wallets.
The cost basis gap is the most important thing to know. Your 1099-DA will almost certainly show proceeds without matching basis, which means you'll need to supply basis yourself — either from your own records or via a crypto tax aggregator like Koinly, CoinTracker, or Accointing.
Which Exchanges Issue 1099-DA This Year
Most major US-regulated exchanges are issuing 1099-DA for 2025 transactions:
- Coinbase (including Coinbase Prime and Coinbase Pro legacy)
- Kraken
- Gemini
- Robinhood Crypto LLC (separate from Robinhood Securities)
- Uphold
- Crypto.com
Decentralized exchanges (Uniswap, PancakeSwap) and self-custody wallets do not issue 1099-DA. DeFi activity still needs to be tracked and reported manually or via a crypto tax aggregator.
Offshore exchanges (Binance non-US, KuCoin, Bitget) do not issue 1099-DA to US customers, even if you're a US taxpayer. You're still responsible for reporting that activity — the IRS just doesn't receive a form to match against.
Importing Coinbase 1099-DA into TurboTax
Coinbase has the most mature TurboTax integration of any crypto exchange.
Option 1 — Direct import via TurboTax's integration:
- In TurboTax, go to Federal → Wages & Income → Investment Income → Cryptocurrency
- Click "Import your crypto transactions"
- Search for Coinbase
- Sign in with your Coinbase credentials and authorize the data share
- TurboTax pulls your transaction history and generates the 1099-DA entries
Option 2 — CSV upload:
- From Coinbase, go to Taxes → Documents → Download Transaction History (CSV)
- In TurboTax, on the crypto import screen, choose "Upload a CSV"
- Select the Coinbase CSV
Option 1 is faster but can miss wallet-to-wallet transfers. Option 2 is more comprehensive but requires manual review.
Cost basis gotcha: If you've been on Coinbase for multiple years, basis for pre-2025 purchases will not appear on the 1099-DA — you need to supply it from your own records or from Coinbase's historical transaction history.
Importing Kraken 1099-DA via CSV
Kraken doesn't have a direct TurboTax integration as of tax year 2025. Use CSV:
- Log into Kraken at pro.kraken.com
- Go to History → Export
- Select Ledgers and Trades, choose the date range (Jan 1 – Dec 31, 2025), and download as CSV
- Kraken's CSVs need reformatting to match TurboTax's expected columns — easiest path is to upload the raw CSVs to Koinly or CoinTracker, let them generate a TurboTax-ready CSV, and upload that
Alternatively, upload the Kraken 1099-DA PDF to a PDF-to-CSV converter and import the resulting CSV directly.
Importing Robinhood Crypto 1099-DA (Not the Same as Robinhood Securities)
This is the one people miss most often. Robinhood Crypto is a separate legal entity (Robinhood Crypto LLC) from Robinhood Securities. They issue separate forms.
If you traded crypto on Robinhood in 2025:
- In the Robinhood app, go to Account → Tax Documents
- You'll see two documents: the Consolidated 1099 (for stocks, dividends, interest) and the Robinhood Crypto 1099-DA
- Download both
- In TurboTax, enter the Robinhood Securities 1099 under Investment Income → Stocks
- Enter the Robinhood Crypto 1099-DA under Investment Income → Cryptocurrency — separately
Failing to report the Robinhood Crypto 1099-DA is the single most common crypto-related mistake we see. The IRS will receive the form directly from Robinhood Crypto LLC; if it's missing from your return, expect a CP2000 notice in 12-18 months.
For more Robinhood-specific guidance, see our complete guide on Robinhood 1099-B import troubleshooting.
Cost Basis Reconciliation With Koinly or CoinTracker
For most crypto traders with activity across multiple exchanges or involving DeFi, a dedicated crypto tax aggregator is the practical solution:
- Connect every exchange (API or CSV) plus every wallet address to Koinly or CoinTracker
- Let the aggregator calculate cost basis using your chosen method (FIFO, HIFO, specific ID)
- Export the TurboTax-ready file (TXF or CSV)
- Import into TurboTax as a crypto transaction batch
This approach handles the cross-exchange and self-custody gap that 1099-DA alone can't cover.
Wash Sales on Crypto
The wash sale rule currently does not apply to crypto under IRS guidance. You can sell crypto at a loss and immediately repurchase it without triggering a wash sale adjustment. This has been true historically and remains true for 2025.
There's legislative pressure to change this, and some proposed bills would extend wash sale rules to digital assets for 2026 or later. For 2025 filing, assume the rule does not apply.
FAQ
Do I need to report crypto if I only received a 1099-DA but never sold anything?
If the 1099-DA shows only proceeds of $0 (no sales or dispositions), you don't need to do anything with it. Holding crypto without selling is not a taxable event. Gifts, forks, airdrops, and staking rewards are separate reporting categories.
What if my 1099-DA and my Koinly report don't match?
The 1099-DA only sees the exchange's view. Koinly (or similar) sees your full picture including transfers and self-custody. Differences usually come from (a) transfers between accounts, (b) pre-2025 basis the exchange doesn't have. Reconcile by going with Koinly's basis and using the 1099-DA to verify proceeds totals.
Does 1099-DA include NFT sales?
For 2025, most exchanges are not yet reporting NFT sales on 1099-DA. You report those manually on Form 8949 using your own records.
I used DeFi (Uniswap, Aave) — does that show up on 1099-DA?
No. DeFi protocols are not brokers under the IRS regulations. You're responsible for tracking and reporting DeFi transactions yourself. Koinly, CoinTracker, or Accointing can parse on-chain activity from your wallet address.
What's the 2026 change to 1099-DA I've been hearing about?
Starting with 2026 transactions (reported in early 2027), brokers will also be required to report cost basis for covered digital assets. That narrows the cost basis gap in future years. For 2025, you still need to supply basis yourself in most cases.
Is there a way to skip TurboTax entirely and file crypto on its own?
Crypto gains and losses flow to the same Form 8949 and Schedule D as stock transactions. You don't "file crypto separately" — it's part of the same capital gains section on your 1040.
Bottom Line
1099-DA is a real form starting in 2025, but it's not the "full picture" crypto traders might hope for. Cost basis is still largely missing, which means you still need to track it yourself or use a crypto tax aggregator. The exchange-by-exchange import path varies in quality: Coinbase is the best integrated, Kraken requires more work, Robinhood Crypto is easy to miss entirely.
Whatever your exchange, double-check that the proceeds totals on your 1099-DA match what's in your TurboTax entry before filing. The IRS has the same form you do.
Lots of crypto trades mixed with stock trades? Convert any 1099-B or 1099-DA PDF free — get a clean CSV, map it to your cost basis records, and import into TurboTax without the integration headaches. Works across exchanges and brokers.