According to CoinMeta, and as reported by CNBC, a research report published in March by the academic journal “Accounting Research Reviews” estimates that only 32% to 56% of American cryptocurrency holders file transactions with the federal government. The Internal Revenue Service (IRS) plans to require brokers to send investors the 1099- da form starting from the 2025 tax year, which details the total income from digital assets. Accountants say that calculating taxes on digital asset transactions is more complex than for traditional financial assets such as stocks and bonds.