CoinMeta data: With the implementation of new regulations by the U.S. Internal Revenue Service (IRS), exchanges are required to report the total revenue from the sale of crypto assets, which has caused some crypto investors trouble. According to a survey conducted by Awaken Tax in August, 21% of respondents said they are still waiting for exchanges to provide the required information when applying for tax extensions. In addition, 20% of respondents stated that the 1099- DA forms they received were incomplete or inaccurate. Although the transaction sales amounts can now be seen on IRS, taxpayers still need to calculate the cost base themselves, which is particularly cumbersome for active traders. Starting in 2026, exchanges will be required to report the cost base covering digital assets, which will provide taxpayers with more information to calculate their gains and losses.