{"id":82991,"date":"2025-07-23T02:30:59","date_gmt":"2025-07-23T02:30:59","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=82991"},"modified":"2025-07-23T02:30:59","modified_gmt":"2025-07-23T02:30:59","slug":"new-irs-crypto-form-could-trigger-phantom-gains-and-unwanted-audits-expert-warns","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=82991","title":{"rendered":"New IRS Crypto Form Could Trigger \u2018Phantom Gains\u2019 and Unwanted Audits, Expert Warns"},"content":{"rendered":"<p>The Internal Revenue Service\u2019s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger audits due to incomplete cost basis data provided by exchanges, an expert warns. The \u2018Phantom Gain\u2019 Trap The Internal Revenue Service (IRS)\u2019s new Form 1099-DA, though well-intentioned, could unfairly target many cryptocurrency users for audits due [\u2026]<\/p>","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service\u2019s new Form 1099-DA, while designed to streamline tax reporting for cryptocurrency users, may inadvertently trigger audits due to incomplete cost basis data provided by exchanges, an expert warns. The \u2018Phantom Gain\u2019 Trap The Internal Revenue Service (IRS)\u2019s new Form 1099-DA, though well-intentioned, could unfairly target many cryptocurrency users for audits due [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":82992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-82991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82991"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=82991"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/82991\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/82992"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=82991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=82991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=82991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}