Refusing new IRS crypto tax forms could cost you your exchange account

Log in to Coinbase next tax season, and your tax documents might no longer arrive by mail. Under a new IRS proposal, crypto exchanges could be required to file Form 1099-DA electronically. This form reports digital asset trades, and could refuse to do business with customers who decline to provide it. The comment period closes May 5, and if finalized, the rule would shift crypto tax reporting from the mailbox to the …