[U.S. Crypto Investors Face First 1099-DA Tax Season, 21% Still Waiting for Exchange Tax Information] Odaily Planet Daily News: During the first tax season in the U.S. applying the 1099-DA reporting rules for crypto assets, some investors are encountering issues such as missing transaction data and difficulties verifying cost basis. A survey conducted by Awaken Tax in August among 1,000 U.S. crypto investors revealed that 21% of respondents who have already filed taxes or plan to request an extension stated they are still waiting for necessary information from exchanges or crypto platforms. Additionally, about 20% indicated that their 1099-DA form information is incomplete or uncertain whether it accurately reflects their transaction activity. The U.S. Internal Revenue Service (IRS) mandates that for transactions in 2025, brokers are generally required to report digital asset sales revenue, but in most cases, they are not required to report cost basis, leaving taxpayers responsible for calculating gains and losses themselves. Starting in 2026, brokers will be required to report cost basis for eligible digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they are still obligated to report income and gains/losses related to digital assets. (Cointelegraph)