The US Internal Revenue Service (IRS) released an updated draft version of tax form 1099-DA for cryptocurrency brokers and investors to report certain transaction income. The public has 30 days to provide feedback to the IRS on this version.Starting in 2026, cryptocurrency investors who use brokers (currently mainly Coinbase and Kraken, among others) will receive 1099-DA from these brokers to report certain cryptocurrency sales and trades as taxable events to the IRS. IRS officials say this form will "bring more convenience and clarity" to users paying US crypto taxes.The newly released update to form 1099-DA is more streamlined than the IRS's initial tax filing draft released in April. The item for investors to fill in wallet addresses and transaction IDs has been removed (which sparked privacy concerns when the form was first released), and it is no longer required to fill in the time of the relevant transaction, only the date.Drew Hinkes, a partner at Miami law firm K&L Gates and a cryptocurrency lawyer, said the updated form "has greatly improved, reduced the burden of reporting, and significantly reduced the required data reporting."