Crypto.com tax forms: the 2025 1099-DA, 1099-MISC and 1099-B

One page, three forms

Crypto.com’s help center has one page for the 2025 tax year, and it covers three forms [1]. A Form 1099-MISC, for a US person with $600 or more in rewards from Lock-Ups, Earn, Referrals, and certain other activities [1]. A Form 1099-B, for a US person who traded contracts [1]. And a Form 1099-DA, for a US person who made reportable transactions, such as dispositions of digital assets, from a Crypto.com account [1].

The page says “may be required to issue” for each of the three. It never says “we sent yours on this date”. What it does say is what is on the 1099-DA it issues for the year, box by box, and why one box is empty [1]. That is the part I read.

One scope point, from the page and not from memory. The page sits in the Crypto.com App collection of the help center and talks about “your Crypto.com account” [1]. It does not name the Crypto.com Exchange anywhere. So this note covers the App’s forms and nothing else, because the page covers nothing else.

Where the tax documents arrive

Delivery is by email. The page says a message goes to the address on record with a link to download the 1099-MISC, 1099-B, or 1099-DA, and to check the spam folder if nothing shows up [1]. A paper copy is by request through in-app chat [1]. On the IRS side, brokers had until February 17, 2026 to furnish those statements [3].

A holder can get more than one form. The page says certain transaction types may each meet the threshold for a separate form, and it points at the transaction history for the year [1]. The history itself downloads from the app [1]. A form that looks wrong, or a form that never came, goes back through in-app chat [1].

What the 1099-DA carries

The page lists the boxes Crypto.com fills. Box 1a is the digital asset code, box 1b the name, box 1c the number of units disposed of, box 1e the date, and box 1f the proceeds in dollars, minus the fees [1]. So the fee is netted before the number reaches the box, which is what the IRS instructions ask for [2].

Box 1e can be blank. The page says the date is empty when the form reports an aggregate of stablecoins for the year [1]. The IRS instructions allow that: a broker using the optional method for qualifying stablecoins may leave box 1e blank and checks box 11a instead [2].

The page ends its box list with a line worth keeping. The summaries are for convenience, and they are not a substitute for the IRS instructions [1]. Fair enough. The instructions are where the guide on this site gets its box list too, and where a holder checking a form line by line has to end up anyway.

The box that is empty on purpose

Here’s the sentence that matters. Cost basis is not required on the form this year, and Crypto.com chose not to report basis at all during the transitional period, to avoid unintended error [1]. Two facts in one line. The rule did not require it, and the broker decided not to try.

The rule half checks out. The IRS instructions define a covered digital asset as one acquired after 2025 and held at the same broker, and a broker reporting a noncovered asset may leave box 1g blank with box 9 checked [2]. Notice 2024-56 went further for the first year. The IRS said it would not penalize a broker that made a good-faith effort on the 2025 forms [4].

So the decision was the broker’s to make, and it made it. Whatever the account’s records say the coin cost, the form says nothing. That is not a defect in the page. It is a broker reading a first-year rule and choosing the narrow path, and saying so in writing, which is more than a forum thread will ever give you.

What that means for dead bags

A rugged token sold in the app for dust is a line with a few cents in box 1f and nothing in box 1g. The loss is basis minus proceeds. The proceeds came from the broker. The basis has to come from records, because the broker chose not to say.

The sale goes on Form 8949 under box H or box K, the boxes for a 1099-DA sale where basis was not reported to the IRS, with the basis typed into column (e) [5]. A token still sitting in the app has no sale, no form, and no loss on paper. The 1099-DA guide walks every box, and the Coinbase field note reads another broker’s first form.

The receipt

What the page says the 2025 1099-DA carried: code, name, units, date, and proceeds net of fees. What it says the form did not carry: basis, by choice, for the transitional year. How it arrived: an email with a download link, one per form. What it covers: the App account the page is written for, and nothing it doesn’t name.

The dull lesson holds. The broker’s form is the IRS’s copy of the proceeds. The basis is the holder’s to prove. A loss you can’t document is a loss you can’t deduct.