1099-DA - Data Requirements

See below for all of the required data elements for completing Form 1099-DA reporting.

Filing Entity

The legal entity responsible for the issuing forms will be the filing entity. The information listed below must be submitted through the Taxbit Dashboard.

For more information on Filer setup, please refer to this guide: Filer Setup

Field Name	Required
Name	Required
Address	Required
Tax Residency	Required
US TIN	Required
Contact Phone Number	Required

Please note: If there are multiple filers, please ensure that you are using the correct filer ID for the associated account(s).

Account Owner / Account

For ingestion purposes, the only data point required to create/update an Account Owner is the Account ID. This allows you to add all of your users to the Dashboard, even while you may still be collecting additional information. There will be reports available in the Dashboard to let you know if something is missing for an Account that is eligible for a tax form.

The following table, however, summarizes the required fields needed to complete the Form 1099-DA.

For more information on formatting the Account Owner/Account CSV templates, please refer to this guide: Standard Account Owner/Account - CSV Ingestion Template Guide

Field Name	Required
Account Owner ID	Only required if you have Account Owners with multiple Accounts
Account ID	Required
Name	Required
Joint Account Name	If Applicable
Address	Required
Tax Residency	Presumed US if unavailable
TIN	Required
Filer ID	Only required if you have multiple Filers

Please note: Note that there are other fields on the Account Owner / Account model that are not listed here, as they are not required for 1099-DA reporting.

Transactions or Form Data

For account activity, we can either collect raw transaction data, in which case Taxbit will complete the cost basis calculations to determine the ultimate data to report on the Form 1099. If you are not sending Transactions, then we also offer the option of sending us Form Data, which would include the final amounts that go on the form.

Transactions

For the Form 1099-DA, all of the transaction types we support are relevant, provided you support them on your platform. Note that not all transaction types are directly reported on the Form 1099-DA; however, to properly track cost basis and lots, all movement of digital assets in and out of the Account is typically needed.

For more information on formatting the Transactions template, please refer to this guide: Standard - Transactions - CSV Ingestion Template Guide

Field Name	Required
Account ID	Required
Transaction ID	Required
Date and Time	Required
Transaction Type & Subtype	Required See here for all available transaction types and subtypes
Received Asset Quantity, Currency, and Rate/USD Value	Only required for certain transaction types
Sent Asset Quantity, Currency, and Rate/USD Value	Only required for certain transaction types
Fee Asset Quantity, Currency, and Rate/USD Value	If Applicable

Form Data

To the extent transactions are not being provided, the following data points must be provided for Form Data ingestion.

For stablecoins specifically, you can either complete the aggregation on your own by providing a single row with the aggregated amounts, or include separate line items for each disposition, similar to non-stablecoins, and Taxbit will complete the aggregation.

Note that a single Account may have multiple Form Data rows, one for each lot disposition.

For more information on formatting the 1099-DA Form Data CSV template, please refer to this guide: 1099-DA - Form Data CSV Ingestion Template Guide

Field Name	Non-Stablecoin DA		Aggregate Reporting
Field Name	Non-Covered	Covered	Stablecoin	NFT
Account ID	Required	Required	Required	Required
Standard code for digital asset (e.g., BTC)	Required	Required	Required	Not Applicable
[DTIF] Code of digital asset (Box 1a)	Required	Required	Required	Not Applicable
Name of digital asset (Box 1b)	Required	Required	Required	Not Applicable
Security is Noncovered (Box 9)	Required: TRUE	Required: FALSE	Not Applicable	Not Applicable
Number of units (Box 1c)	Required	Required	Required	Required
Date Acquired (Box 1d)	If Applicable	Required	Not Applicable	Not Applicable
Date Sold Or Disposed (Box 1e)	Required	Required	Not Applicable	Not Applicable
Proceeds (Box 1f)	Required	Required	Required	Required
Cost Or Other Basis (Box 1g)	If Applicable	Required	Not Applicable	Not Applicable
Gross Proceeds or Net Proceeds Reported To IRS (Box 3a)	Required	Required	Not Applicable	Not Applicable
Ordinary, Short-Term or Long-Term Gain/Loss (Box 6)	If Applicable	Required	Not Applicable	Not Applicable
Proceeds are only from cash (Box 7)	If Applicable	If Applicable	Not Applicable	Not Applicable
Broker relied on customer-provided acquisition information (Box 8)	If Applicable	If Applicable	Not Applicable	Not Applicable
Lot Disposed has customer-provided acquisition information	If Applicable	If Applicable	Not Applicable	Not Applicable
Number of units transferred in (Box 12a)	If Applicable	If Applicable	Not Applicable	Not Applicable
Transferred in date (Box 12b)	If Applicable	If Applicable	Not Applicable	Not Applicable
Gross proceeds is aggregated for qualifying stablecoins or specified NFTs (Box 11a)	Not Applicable	Not Applicable	Required: Stablecoin	Required: NFT
Non-Designated	Not Applicable	Not Applicable	If Applicable	Not Applicable
Number of aggregated transactions (Box 11b)	Not Applicable	Not Applicable	Required	Required
NFT proceeds attributable to first sales by creator or minter (Box 11c)	Not Applicable	Not Applicable	Not Applicable	If Applicable
Federal Income Tax Withheld (Box 4)	If Applicable
State (Box 14)	Only required if there is state withholding, or the income is applicable to a state that is different from the address state
State Id (Box 15)	If Applicable
State Tax Withheld (Box 16)	If Applicable