jsoles24
Level 3
‎04-11-2026 02:00 PM

My client has a 1099-DA that shows Stablecoin Transactions with proceeds of $31,222.89 in additional to 8949, Box H transactions. I know how to report the Box H transactions; however, where on the tax return do I report the proceeds from Stablecoin transactions?

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Skylane
Level 12
Level 12
‎04-11-2026 02:13 PM

Are they LT or Short? The DA workflow supports both. you should be able to summarize on the 1099DA worksheet and attach the transactions to the efile

If at first you don’t succeed…..find a workaround
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jsoles24
Level 3
‎04-11-2026 03:12 PM

I'm not sure if it is LT or ST. There are 2 sections on the 1099-DA. 

1. Summary of Trading - Shows 2 ST transactions with proceeds $3,691.91, cost basis $3,766.08,total loss is ($74.17)

2. Summary for for Stablecoin Transactions

1b - Name of digital asset - USDC

1c - Number of units - 31,222.90055099999

11b - Number of transactions - 18

1f - Proceeds - $31,222.89

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Skylane
Level 12
Level 12
‎04-11-2026 08:41 PM

Doesn’t sound like they have the basis… ask client

If at first you don’t succeed…..find a workaround
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