What is form 1099-da & how does it help crypto investors?
Could you elaborate on the significance of Form 1099-DA for cryptocurrency investors? I've heard it's related to tax reporting, but I'm unclear on the specifics. How does this form assist investors in complying with tax regulations? Is it mandatory for all crypto transactions, or only for certain types? And what information does it typically require investors to provide? I'm interested in understanding the implications of this form for those investing in digital assets.