GRK Multi- Services

Many of us are now receiving the tax documents we need to file our tax return. If you sold or disposed of digital assets using a broker, you might receive a new Form 1099-DA. Most of these statements will not include the basis for digital asset transactions in 2025 and you'll have to calculate the basis on your own to determine your gain or loss.

Don't forget: You must report any related income, gains, or losses, on your tax return, whether you receive a Form 1099-DA or not.

For more important reminders about digital assets, visit https://ow.ly/fpkE50Y7Gpc.

Second Circuit denies SALT cap workaround Final regulations prohibiting a federal charitable deduction for contributions to a state or local fund for which the donor receives a state or local tax credit are upheld under a Loper Bright analysis.