Our exchange never sent Form 1099-DA. Can we still just wait until they do before filing?
The business sold digital assets in 2025 through a platform that we expected would send the new Form 1099-DA, but nothing has arrived. The accounting team is split between filing based on our own records and waiting longer in case the statement eventually appears. That delay is becoming a return-timing issue.
What I want to know is whether the IRS expects taxpayers to report all gains and losses even if the broker statement never comes. If that is the rule, then waiting for a form that may not arrive is not caution. It is drift.
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