CARF & 1099-DA: what it means for crypto tax
CARF and 1099-DA are new reporting frameworks expanding how crypto activity reaches tax authorities, the OECD's Crypto-Asset Reporting Framework internationally, and Form 1099-DA from US exchanges. Both mean more of your activity is reported automatically.
General information, not tax advice. Crypto tax rules differ by country and change over time, verify against your country's guidance or a qualified advisor.
An example
A US exchange now reports gross proceeds on Form 1099-DA, so those disposals reach the tax authority whether or not you report them.
Why it matters for your tax
As automatic reporting expands, accurate self-reporting matters more, because a position that depends on activity never being seen is fragile.
CryptaTax handles this automatically across your wallets and exchanges, so the concept is applied consistently without you tracking it by hand. Try the crypto tax calculator →
Related terms
See the full crypto tax glossary for every term, or the crypto tax guides for how they fit together.
FAQ
CARF and 1099-DA are new reporting frameworks expanding how crypto activity reaches tax authorities, the OECD's Crypto-Asset Reporting Framework internationally, and Form 1099-DA from US exchanges. Both mean more of your activity is reported automatically.
See the crypto tax glossary for related terms, or the crypto tax guides for worked examples. Rules differ by country, so check your country's rules.