Surprising Tax Forms | Users Report 1099DA from Foris DAX Despite No Trades in 2025
Edited By
David Kim
A growing number of people are raising eyebrows after receiving a 1099DA form from Foris DAX, the platform linked to Crypto.com, despite claiming no trades occurred in 2025. As of mid-February 2026, users are confronting glitches in downloading this form, raising questions about the platform's practices and their own tax obligations.
A Glitchy Situation
Reports indicate that individuals who haven't actively engaged with the platform since 2024 are receiving these tax forms. "I literally only made one sale all year and lost .01¢,” lamented one user struggling to download the document. With technical issues plaguing the download process and poor customer support responses, many feel stuck in limbo regarding their tax responsibility.
Internal Swaps Creating Confusion
A topic of concern is whether automatic conversions or internal swaps on the platform could trigger taxable events, even without active trading. "Any tokens get auto-converted, migrated, or rebalanced on the platform?" one comment read, highlighting confusion among account holders. Another user mentioned their Fantom (FTM) balance being converted to Sonic earlier in January, prompting uncertainty over its tax implications.
Key Takeaways
📝 Many users did not trade in 2025, expressing confusion about the 1099DA forms.
🔍 Technical issues hinder downloads, with several reporting errors.
💡 "If you have all the records within CoinTracker, you are good to go," suggests a knowledgeable user.
"I can't get a clear answer as to whether or not this is a taxable event." - User feedback.
These rising issues reflect a larger narrative of people feeling lost in the evolving crypto landscape. With platforms needing to clarify their tax reporting policies, it's clear this development could spark further discussions on accountability and transparency within the industry.
Likely Scenarios in the Crypto Realm
There’s a strong chance that the ongoing confusion surrounding the 1099DA forms will lead to increased scrutiny from regulatory bodies. As more people report issues, experts estimate around a 70% probability that Foris DAX will be compelled to clarify their tax reporting policies. This could manifest in more comprehensive guidelines outlining what triggers taxable events on their platform. Furthermore, if enough people start raising these concerns, a push for more robust customer support and resolution protocols is likely to follow, perhaps taking cues from other industries navigating similar tax challenges.
A Lesson from History’s Library
A unique parallel can be drawn with the early days of online banking in the late 1990s. Back then, consumers faced similar hurdles like unexpected fees, lack of clear communication from banks, and mysterious account discrepancies. Just as those pioneers wrestled with uncertainty and miscommunication, today’s crypto users are battling their own set of unexpected tax implications while trying to navigate a rapidly evolving digital landscape. The common thread of confusion, learning, and adjustment suggests a future where clarity and accountability become the norm, much like what emerged in traditional finance years ago.