Crypto Taxes Just Leveled Up: 1099DA, New Reporting Rules, and How to Avoid a Mess

Crypto Taxes Just Leveled Up: 1099DA, New Reporting Rules, and How to Avoid a Mess

From The Bad Crypto Podcast by Joel Comm and Travis Wright

January 28, 2026 · 28 min · Season 1 · Episode 801

About this episode

The episode discusses significant changes in crypto tax reporting for U.S. traders, featuring insights from guest Clinton Donnelly.

Tax season is back, and crypto reporting is getting a lot more… specific. We’re joined by returning guest Clinton Donnelly of CryptoTaxAudit to break down the biggest crypto tax changes affecting U.S. traders this year—what forms are coming, what the IRS will see, and the most common ways people accidentally trigger problems. If you’ve traded on U.S.-based exchanges, this episode is your wake-up call. In this episode, we cover: Why crypto taxes are getting more complicated (and more visible) New 1099-DA reporting : what it is and what exchanges may report Why “proceeds vs. cost basis” matters (and where confusion hits) The Form 8949 change : crypto transactions being separated out The “match the proceeds” issue that can trigger nasty IRS letters New FIFO requirement by wallet/account (and why it can change your tax bill) Why audits can drag on for years (and what “audit-proofing” really means) Practical advice for staying compliant without losing your mind The 3 big crypto tax changes Clinton highlights: 1099-DA is here (for U.S.-based exchanges) Crypto gets its own lane on Form 8949 (more visibility for the IRS) FIFO…

People in this episode

Hosts: Joel Comm, Travis Wright

Guest: Clinton Donnelly

Topics covered

  • crypto taxes
  • reporting rules
  • IRS changes
  • tax compliance
  • U.S. exchanges
  • audit-proofing

Keywords

  • crypto taxes
  • 1099-DA
  • Form 8949
  • IRS
  • tax compliance
  • FIFO
  • audit-proofing

Mentioned in this episode

Organizations: CryptoTaxAudit, IRS

Products: Form 8949, 1099-DA

More episodes of The Bad Crypto Podcast

Explore listener stats, chart rankings, contacts and more on the The Bad Crypto Podcast podcast page.