The IRS updated the 2025 Instructions for Form 1099-DA to include a new section, “De minimis rules for certain sales.” The new section provides information on de minimis reporting rules for PDAP (Processor of digital asset payment) sales and optional reporting methods.
These rules are not new; the previous version of the instructions omitted them.
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De minimis rule for PDAP sales. A broker that is a processor of digital asset payments is not required to report PDAP sales effected for a customer if those PDAP sales are less than or equal to $600 for the year.
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De minimis rule for qualifying stablecoin sales. A broker using the optional reporting method for qualifying stablecoins is not required to report Form 1099-DA if the customer’s aggregate gross proceeds from all designated sales of qualifying stablecoins do not exceed $10,000 for the year.
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De minimis rule for specified NFTs. A broker using the optional reporting method to report sales of specified NFTs is not required to report Form 1099-Da if the customer’s aggregate gross proceeds from all specified NFT sales do not exceed $600 for the year.
Rather than officially correct the instructions, the IRS released information about the correction in an update, here.
