IRS Tracks Your Crypto Transfers What You Need to Know!

Jake Claver

Join us as we delve into the critical discussions surrounding IRS visibility on cryptocurrency transfers. Learn about the new reporting requirements for exchanges starting in 2026 and how they affect your crypto transactions. Stay informed and stay ahead in the evolving crypto landscape!

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00:00So the IRS is going to get visibility to that.

00:02The second big change that happened starting in 2026 is that the exchanges have to report your transfers.

00:09So if you buy an asset on Coinbase, you buy 10,000 XRP, and then you transfer that to your wallet address,

00:19there's going to be a 1099 issued that states that you took this XRP at a certain price, these number of units,

00:27and you moved it from your Coinbase wallet, it'll state that wallet number to your private ledger wallet.

00:33So on the 1099 DA, it's going to state your actual wallet address of your XRP wallet.

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