The IRS issued a news release proposing new regulations to simplify electronic statement delivery for digital asset brokers. The proposed rules would create an optional process allowing brokers to provide Form 1099-DA statements electronically without requiring customer consent or offering paper alternatives, though brokers must meet enhanced electronic notice requirements and ensure customers have continuing access to their statements. Beginning Jan. 1, 2027, brokers may follow these new rules when furnishing 1099-DA statements for transactions, acknowledging the inherently electronic nature of digital asset transactions while reducing unnecessary printing and mailing costs. [IR-2026-29, 03/05/26]
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