Deep Tide TechFlow News, April 15, According to financefeeds, the U.S. Internal Revenue Service (IRS) officially implemented mandatory cost basis reporting rules for digital asset brokers on April 15, 2026, applicable to centralized exchanges, custody wallet providers, and some digital asset processing institutions.



Under the new regulations, relevant entities are required to submit Form 1099-DA to the IRS and taxpayers, recording the sale and exchange of digital assets. The report states that the IRS's move aims to reduce the underreporting of capital gains on digital assets and to align crypto tax reporting standards more closely with traditional securities. For investors, this means they will need to more accurately keep records of purchase prices, times, and on-chain transaction details for various tokens.
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