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jsoles24
Level 3
April 11, 2026
Question

1099-DA Stablecoin transacitions

  • April 11, 2026
  • 1 reply
  • 5 views

My client has a 1099-DA that shows Stablecoin Transactions with proceeds of $31,222.89 in additional to 8949, Box H transactions. I know how to report the Box H transactions; however, where on the tax return do I report the proceeds from Stablecoin transactions?

1 reply

Skylane
SkylaneIntuit Community Champion
Intuit Community Champion
April 11, 2026

Are they LT or Short? The DA workflow supports both. you should be able to summarize on the 1099DA worksheet and attach the transactions to the efile

If at first you don’t succeed…..find a workaround
    J
    jsoles24Author
    Level 3
    April 11, 2026

    I'm not sure if it is LT or ST. There are 2 sections on the 1099-DA. 

    1. Summary of Trading - Shows 2 ST transactions with proceeds $3,691.91, cost basis $3,766.08,total loss is ($74.17)

    2. Summary for for Stablecoin Transactions

    1b - Name of digital asset - USDC

    1c - Number of units - 31,222.90055099999

    11b - Number of transactions - 18

    1f - Proceeds - $31,222.89

    Skylane
    SkylaneIntuit Community Champion
    Intuit Community Champion
    April 12, 2026

    Doesn’t sound like they have the basis… ask client

    If at first you don’t succeed…..find a workaround
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