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Form 1099-DA Box 1f: Proceeds From a Digital Asset Sale

Updated October 17, 2026. Quick answer: Box 1f of Form 1099-DA shows the total proceeds from the digital asset transaction, which can include more than cash. It concerns anyone whose broker reported a sale, exchange or other disposition. The line is reported through the Form 8949 checkbox shown on the form and Schedule D, and it is not the same as your gain, which also depends on basis.

Form 8949 for 2025, read code by code: Form 8949 code B, Form 8949 code D and Form 8949 code E.

What box 1f reports

The recipient instructions describe the box this way: “Shows the total proceeds from the digital asset transaction.” “Total proceeds may include cash, the value of services, digital assets, or other property received in exchange for the disposed digital assets.”

For the tax question behind swaps, see whether swapping one crypto for another is taxable. This page is about reading the number; the other boxes on the same line are covered at Form 1099-DA box 1g for basis and Form 1099-DA boxes 1c, 1d and 1e for units and dates, and the full form is in the Form 1099-DA boxes guide.

How the broker works out the number

The broker’s instruction is: “Enter the gross proceeds from the sale of digital assets.” It then adds a reduction: “You must reduce the proceeds by digital asset transaction costs, including transaction fees, commissions, and transfer taxes related to the sale.”

In practice that means the number in box 1f is already net of the fees the broker charged on the sale. A simple illustration, not an IRS example: if a sale is worth $1,000 and the transaction fee is $10 then the figure the instruction points to is $1,000 minus $10 which leaves $990 in box 1f.

The instruction also covers losses on certain contracts: “Show a loss, such as one from a closing transaction on a written option or forward contract, as a negative amount by enclosing it in parentheses.” If you see parentheses around a figure in box 1f, that is what they mean.

Boxes that change how to read 1f

Several other boxes qualify the proceeds figure. Box 3a covers options: “A checked “Gross proceeds” box indicates that the amount in box 1f was not adjusted for option premium.”

Box 5 can limit a loss: “If checked, you cannot take a loss on your tax return based on gross proceeds from a reportable change in control or capital structure reported in box 1f.” “The broker should advise you of any losses on a separate statement.”

Box 7 is the simple one: “If checked, you only received cash proceeds in the transaction.”

What box 1f leaves out

Aggregate reporting for creators of specified NFTs works differently. In 2025 the recipient instructions say box 1f “does not include the gross proceeds from the first sale of any specified NFTs you created or minted, which are reported in box 11c.” The broker’s side of that rule applies when the broker uses the optional reporting method for specified NFTs: for first sales by a creator or minter, the instruction is to “report those sales in box 11c and leave box 1f blank.”

See Form 1099-DA box 11 for the aggregate boxes, and Form 1099-DA boxes 1h and 1i and Form 1099-DA boxes 2 and 9 for the market discount, wash sale and basis-reported boxes that sit beside the proceeds line.

Where box 1f goes on the return

The recipient instructions send you to the box above the numbered lines: “Indicates where to report this transaction on Form 8949 and Schedule D (Form 1040), and which checkbox is applicable.” Proceeds are an input to Form 8949, where each disposition is a row, and the totals then flow to Schedule D.

There is a shortcut where basis was reported: “If box 2 is checked on Form(s) 1099-DA and NO adjustment is required, see the instructions for your Schedule D (Form 1040), as you may be able to report your transaction directly on Schedule D (Form 1040).” Box 2 and the related box 6 are explained at Form 1099-DA boxes 2 and 9 and Form 1099-DA box 6.

The first-page question on Form 1040 is separate. The recipient instructions say that a person who received this form generally should check the Yes box on page 1.

Edition and box numbers

The primary read for this page is the 2025 edition of Form 1099-DA with its Instructions for Recipient, the form a taxpayer received in early 2026 for tax year 2025. The 2026 edition was the one irs.gov served as current on 2026-10-17, and both editions were compared for box 1f. The recipient wording for box 1f changes in one place. The 2025 edition reads “does not include the gross proceeds from the first sale of any specified NFTs you created or minted” and the 2026 edition reads “does not include the aggregate gross proceeds from the first sale of any specified” non-fungible tokens (NFTs) you created or minted. The matching box 11c description changes from “Shows the gross proceeds from the first sale of any specified NFTs you created or minted.” to “Shows the aggregate gross proceeds from the first sale of any specified NFTs you created or minted.” The form’s own 11c label also changes. The 2026 recipient instructions add a note near the box descriptions: “Boxes 1d, 1e, 1g, 1h, 1i, 2, 3a, 3b, 5, 6, 8, 9, 12a, and 12b may be blank if the broker is reporting sales of qualifying stablecoins or specified NFTs using an optional reporting method.” The 2025 recipient instructions have no such note. That note does not list box 1f. Check the tax year printed on the form you received, because the edition behind your form decides which wording applies to you.

Common mistakes

  • Expecting box 1f to be the gross amount of the sale. The broker is told: “You must reduce the proceeds by digital asset transaction costs, including transaction fees, commissions, and transfer taxes related to the sale.”
  • Assuming a swap has no proceeds because no cash arrived. The box says total proceeds “may include cash, the value of services, digital assets, or other property”.
  • Treating a blank box 1f as missing data for a creator who sold their own NFT. When the broker uses the optional reporting method for specified NFTs, the instruction for first sales by a creator or minter is to “report those sales in box 11c and leave box 1f blank.”

Related: Form 8949, Schedule D, swapping one crypto for another, and Form 1099-B proceeds and cost basis.

Sources

Read from the IRS documents linked above on October 17, 2026. General information, not tax advice. Your own facts decide the outcome, and a preparer, the account provider or the IRS is the right place to confirm anything consequential.

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