Last Updated on April 4, 2026 by Patrick Camuso, CPA
Accounting Today published a piece on March 23, 2026 examining the 1099-DA reporting challenges CPAs and their clients are navigating in its first active tax season. Patrick Camuso, CPA was quoted in the article alongside other practitioners.
The article centers on a structural problem with how the form works in 2026 with brokers reporting gross proceeds only, without cost basis. That leaves the reconciliation burden entirely with the taxpayer and the preparer, on top of the underlying data continuity challenges that have always defined crypto accounting work.
Patrick Camuso’s comment in the article addresses these challenges and also addressed the preparer liability dimension:
“There is also a preparer liability angle worth noting. The signing preparer is responsible for tax positions on the return even when crypto numbers come from a client-supplied report or third-party software. With 1099-DA data gaps this season, treating that report as a black box carries more risk. Our practice has always taken a full accounting plus tax approach for this reason and I’m now seeing more general practice firms recognize this and either adopting the same approach or partnering closely with established crypto accounting firms to manage the exposure.”
This is what we built Camuso CPA around. The 1099-DA does not replace the underlying accounting work since it makes undocumented cost basis more visible to IRS matching systems. For taxpayers who have not addressed their historical basis, 2026 is not the year to wait.
Read the full Accounting Today article here.
For investors and businesses navigating 1099-DA reconciliation this season, our Form 1099-DA compliance services and crypto cost basis reconstruction services are built for exactly this problem. Work with a crypto CPA established in this market since 2016.
For general practice CPAs, financial advisors, and attorneys whose clients have crypto activity that requires specialist accounting, Camuso CPA operates as a white-label partner. We handle the full accounting and reconciliation work while you maintain the client relationship. Learn more about our CPA and advisor partnership program.
