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The final form carries key draft updates, including address-component fields aligned with IRIS, revised box 11c NFT aggregate gross proceeds language, recipient instructions allowing multiple boxes to be left blank for optional stablecoin/NFT reporting, and corrected DTIF code wording. KPMG notes a potential 2025 instruction-versus-form mismatch and summarizes related transitional relief.",{"@graph":63,"@context":118},[64,80,101],{"@type":65,"itemListElement":66},"BreadcrumbList",[67,71,74,77],{"item":68,"name":69,"@type":70,"position":9},"https://docshare.wps.com","Home","ListItem",{"item":72,"name":10,"@type":70,"position":73},"https://docshare.wps.com/template/",2,{"item":75,"name":41,"@type":70,"position":76},"https://docshare.wps.com/template/letters/",3,{"item":78,"name":59,"@type":70,"position":79},"https://docshare.wps.com/template/digital-assets-from-crypto-compliance-irs-issues-final-2026-version-of-form-1099-da-issue-2025-06-january-23-2026/304756/",4,{"url":78,"name":59,"@type":81,"image":82,"author":87,"headline":59,"publisher":90,"fileFormat":93,"inLanguage":57,"description":61,"dateModified":94,"datePublished":95,"encodingFormat":93,"isAccessibleForFree":96,"interactionStatistic":97},"DigitalDocument",{"url":83,"@type":84,"width":85,"height":86},"https://docshare.wps.com/thumbnails/digital-assets-from-crypto-compliance-irs-issues-final-2026-version-of-form-1099-da-issue-2025-06-january-23-2026/304756.png","ImageObject",442,249,{"name":88,"@type":89},"Fans","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-01","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":76},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What major updates were included in the final 2026 Form 1099-DA?","Question",{"text":108,"@type":109},"The final form adds separate address-component entry fields aligned with IRIS, revises box 11c to specify aggregate gross proceeds of specified NFTs attributable to first sales by a creator or minter, updates recipient instructions for optional reporting, and clarifies DTIF’s meaning for box 1a.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"How does box 11c treatment differ from box 1f under the optional method for first sales?",{"text":113,"@type":109},"For reporting first sales under the optional method, the guidance indicates total gross proceeds should be reported in box 11c while box 1f is left blank.",{"name":115,"@type":106,"acceptedAnswer":116},"What confusion does KPMG highlight regarding the 2025 form and instructions?",{"text":117,"@type":109},"KPMG observes that the finalized 2025 Form 1099-DA still implies box 11c aggregates would also be reported in box 1f, which appears to contradict the updated 2025 instructions stating box 1f should be left blank for first sales under the optional method.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},304756,1790500041,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":40,"category_name":41,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":76,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":76,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},5909892330395,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Digital Assets: From Cryptoto Compliance  \nKPMG Information Reporting & Withholding Tax Services  \nIRS Issues Final 2026 Version of Form 1099-DA  \nIRP e-Alerts | Issue Number: 2025–06 | January 23, 2026  \nOn January 12, the Internal Revenue Service (IRS) issued the final 2026 version of Form 1099-DA, Digital Asset Proceeds from Broker Transactions. The final form remains unchanged from the draft version released in September 2025. Several notable updates introduced in the draft form, which were discussed in KPMG IRP e-Alert \\#2025-50 , here , have been carried forward into the final version:  \n• The form was updated to provide separate entry fields for each address component, aligning with the IRS’s Information Returns Intake System (IRIS), which requires separate data fields (a change from the legacy Filing Information Returns Electronically (FIRE) system) .  \n• The box 11c description has been updated to “Aggregate gross proceeds of specified NFTs attributable to first sales by a creator or minter”. The previous wording for this box indicated that the amount of gross proceeds was also included in box 1f. In the Instructions for Recipient, the word “aggregate” has been added to clarify that box 11c should report aggregate gross proceeds from specified non-fungible tokens (NFTs) attributable to first sales.  \n• The Instructions for Recipients also add a note that boxes 1d, 1e, 1g, 1h, 1i, 2, 3a, 3b, 5, 6, 8, 9, 12a, and 12b may be left blank if the broker is reporting sales of qualifying stablecoins or specified NFTs using an optional reporting method.  \n• Instructions for box 1a, Code for digital asset, have been updated to clarify that DTIF stands for “Digital Token Identifier Foundation”, correcting the earlier reference to “Digital Token Identification Foundation”.  \nKPMG Observation  \nThe IRS released an updated version of the 2025 Form 1099-DA instructions in June (May 30, 2025, revision) . The updated instructions clarified that brokers using the optional method for reporting sales of  \nspecified NFTs must file two separate Forms 1099-DA if reporting both gross proceeds attributable to first sales by a creator or minter and gross proceeds attributable to specified NFT sales that are not first sales. With respect to the form reporting on first sales, the total gross proceeds from those first sales should be reported in box 11c, and box 1f is left blank.  \nAt the outset of the first Form 1099 DA reporting season, it should be noted that the IRS did not align the finalized 2025 form with the updated instructions. The description for box 11c on the face of the finalized 2025 form still implies that the aggregate gross proceeds reported in box 11c would also be reported in box 1f. This will likely lead to confusion as it directly contradicts the updated 2025 instructions, which, as noted, clearly state that box 1f is left blank when reporting first sales under the optional method.  \nAs a reminder, with respect to sales and exchanges of digital assets during the 2025 calendar year, Notice 2024-56 provided general transitional relief from reporting penalties for any broker who does not timely and accurately file information returns and furnish payee statements, provided that the broker makes a good faith effort to comply with the reporting obligations.  \nReference  \nFor further information, see the final 2026 version of Form 1099-DA, here  \nTo learn more about these updates or to sign up for IRP e-Alerts, contact:  \nLaurie M. Hatten-Boyd  \n206-213-4001  \n[lhattenboyd@kpmg.com](lhattenboyd@kpmg.com)  \nMeghan M Anderson  \n585-454-1644  \n[meghananderson@kpmg.com](meghananderson@kpmg.com)  \nAndrew McQuilkin  \n617-988-5857  \n[amcquilkin@kpmg.com](amcquilkin@kpmg.com)  \nTara Thomas  \n212-954-6703  \n[tarathomas@kpmg.com](tarathomas@kpmg.com)  \nKelli Wooten  \n404-739-5888  \n[kwooten@kpmg.com](kwooten@kpmg.com)  \nJesse Eggert  \n202-533-5512  \n[j](jeggert@kpmg.com)[eggert@kpmg.com](jeggert@kpmg.com)  \nMark Naretti  \n212-872-7896  \n[mark","cbCaihqxeAGxhn0q","https://ap.wps.com/l/cbCaihqxeAGxhn0q","pdf",198930,"English","# IRS Issues Final 2026 Version of Form 1099-DA\n## Key updates carried into the final form\n## KPMG Observation on the 2025 instructions mismatch\n## Reference and contact information","[{\"question\":\"What major updates were included in the final 2026 Form 1099-DA?\",\"answer\":\"The final form adds separate address-component entry fields aligned with IRIS, revises box 11c to specify aggregate gross proceeds of specified NFTs attributable to first sales by a creator or minter, updates recipient instructions for optional reporting, and clarifies DTIF’s meaning for box 1a.\"},{\"question\":\"How does box 11c treatment differ from box 1f under the optional method for first sales?\",\"answer\":\"For reporting first sales under the optional method, the guidance indicates total gross proceeds should be reported in box 11c while box 1f is left blank.\"},{\"question\":\"What confusion does KPMG highlight regarding the 2025 form and instructions?\",\"answer\":\"KPMG observes that the finalized 2025 Form 1099-DA still implies box 11c aggregates would also be reported in box 1f, which appears to contradict the updated 2025 instructions stating box 1f should be left blank for first sales under the optional method.\"}]","Digital Assets: From Crypto Compliance - IRS Issues Final 2026 Version of Form 1099-DA - Issue 2025-06 - January 23, 2026 | PDF",1789816940]