As the IRS rolls out Form 1099-DA for digital asset transactions, financial institutions that have long reported on traditional securities through Forms 1099-B, 1099-DIV, and others are encountering a new level of complexity. For firms expanding from traditional finance into digital assets, it is essential to understand both the differences and the overlaps between these reporting frameworks. Join Sovos experts as we break down the specific requirements of 1099-DA reporting, from capturing transaction data to calculating cost basis, and compare them with established reporting processes for stocks, bonds, and other traditional instruments. We will also address the risks of treating digital asset reporting as a separate process (spoiler alert – data silos, inconsistent outputs, and operational strain!) Attendees will walk away with strategies for unifying reporting across asset classes. If you want to ensure accuracy and compliance and deliver a seamless customer experience, you don’t want to miss this.
Different Rules, Different Risks: Understanding the Differences Between 1099-DA vs. 1099-B Reporting
Sovos is Gold Sponsor for the 77th IFA Congress, where global tax leaders gather to explore the future of international taxation.
Roadshow Tax Compliance Summit Sovos Always On: Paris Shape the Future of Global Tax Compliance Date November 19, 2025 Time 9:00am – 5:00pm Venue La Fabrique République, 52 ter Rue des Vinaigriers, 75010 Paris Don’t miss the event Days Hours Minutes Seconds Request Registration Event summary Tax compliance and digital transformation are converging faster than […]
We’re excited to announce Sovos as a proud exhibitor at the Accounting Summit 2025, taking place this September in Düsseldorf. This event brings together leading innovators and decision-makers in accounting, finance, and tax to explore the digital transformation shaping tomorrow’s financial landscape.
Our very own Christiaan Van Der Valk, General Manager Indirect TaxTech & VP Regulatory […]
