IRS crypto broker rules, explained: What you need to know in 2025

How does the IRS define a crypto broker?

The definition of the term “broker” includes individuals or entities that regularly provide services to carry out digital asset transfers. This definition ensures that only those truly “in a position to know” transaction details are subject to Form 1099-DA reporting requirements.

These US Internal Revenue Service rules are built on prior rulemaking (T.D. 10000) from July 2024 and focus on extending broker...