Form 1099-DA is a new IRS tax form generated by crypto exchanges and other digital asset brokers that reports certain digital asset sales and proceeds to both you and the IRS, starting with the 2025 tax year.
While the 1099-DA is created by your exchange (not by Awaken), Awaken will allow you to ingest the form and cross-reference it against your full transaction history across exchanges and wallets. Awaken then uses its own gain/loss calculations to generate Form 8949, ensuring that what you report on your tax return matches your real activity—not just what appears on a single exchange form.
This cross-checking helps identify common issues like missing cost basis, transfers between platforms, or incomplete exchange data, so you can file with confidence knowing your crypto taxes are accurate, consistent, and IRS-ready.