Answer ยท confidence: partial
When must regular people in the US and EU report crypto swaps for taxes?
Research question: Under today's US and EU rules, when does swapping one crypto for another, or for cash, count as a taxable trade a regular person must report?
The records show that under IRS notices, taxpayers may be required to recognize gain from dispositions of digital assets 12. Brokers report the proceeds of those dispositions on Form 1099-DA under Internal Revenue Code section 6045(a) 23. The facts do not say which crypto-to-crypto swaps or crypto-to-cash sales count as taxable trades, and they contain nothing on EU rules 123. The newest fact is dated 2024-10-07, about two years before today's October 2026, so it may not reflect current rules 2.
Checked 2026-10-18. Only documented and supported facts are used.
Dig deeper on this questionSources
[1] supported
Under this IRS notice, taxpayers may be required to recognize gain from dispositions of digital assets, which is the basis for brokers reporting those transactions on Form 1099-DA.
"Taxpayers may be required to recognize gain from these dispositions of digital assets."Proposed Collection; Comment Request for Digital Asset Proceeds From Broker Transactions (Treasury Department, Internal Revenue Service, 2024-04-22)
[2] documented
Under the IRS notice, taxpayers may be required to recognize gain from dispositions of digital assets, and brokers report the proceeds of those dispositions on Form 1099-DA.
"Form 1099-DA is used by brokers to report proceeds from (and in some cases, basis for) digital asset dispositions to taxpayers and to the IRS (Internal Revenue Code section 6045(a)). Taxpayers may be required to recognize gain from these dispositions of digital assets."Agency Information Collection Activities; New Proposed Information Collection Request; Request for Comments; Digital Asset Proceeds From Broker Transactions (Treasury Department, 2024-10-07)
[3] documented
Brokers use Form 1099-DA to report proceeds from digital asset dispositions to taxpayers and the IRS under Internal Revenue Code section 6045(a).
"Form 1099-DA is used by brokers to report proceeds from (and in some cases, basis for) digital asset dispositions to taxpayers and to the IRS (Internal Revenue Code section 6045(a))."Proposed Collection; Comment Request for Digital Asset Proceeds From Broker Transactions (Treasury Department, Internal Revenue Service, 2024-04-22)