Tax Center General FAQ
What is Form 1099-DA?
Form 1099-DA is a new IRS tax form for digital asset brokers. Starting with the 2025 tax year, OKX is required to issue this form to report sales, trades, or exchanges of digital assets to both you and the IRS.
What transactions trigger a Form 1099-DA?
You will receive a 1099-DA if you engage in any of the following taxable events:
Crypto to Fiat: Selling crypto (like Ethereum) for US Dollars.
Crypto to Crypto: Swapping one token for another (for example, BTC for SOL).
What information is reported on the 1099-DA?
Gross Proceeds: The total value of your sales or exchanges (regardless of whether you made a profit or a loss).
Transaction Details: The date of the transaction, the specific asset, and the quantity.
Cost Basis: Starting with crypto acquired on OKX in Tax Year 2026 and sold on OKX in 2026 or later, the form will expand to include the cost basis for these "covered securities" (assets acquired on OKX after the regulation start date).
When will I receive my tax forms?
Form 1099-MISC: Available by February 2, 2026 (for those who earned $600+ in rewards/staking).
Form 1099-DA: Available by February 17, 2026.