Fidelity Crypto provides Form 1099-DA for reportable sales in a taxable account during tax year 2025, including crypto sold to pay a withdrawal network fee.
The form can display a basis figure for your reference, but Fidelity says that 2025 basis was not reported to the IRS.
The practical answer is to download the form, retrieve the separate Gain/Loss Summary, and compare both with your own purchase and transfer records.
For a broader list of which exchanges issue Form 1099-DA, use the exchange-by-exchange hub.
Does Fidelity Crypto issue a 1099-DA for 2025?
Fidelity Digital Assets states that it provides Form 1099-DA for reportable sales in a Fidelity Crypto taxable account during tax year 2025. Its stated scope includes a sale of crypto used to pay a network fee when you withdraw crypto. That type of fee transaction should therefore be included in the records you compare with the form, rather than treated as an invisible wallet movement.
Fidelity's Tax information and forms page is the source for this issuer-specific statement.
The taxable-account form is not the route for Fidelity Crypto IRA activity. Fidelity describes separate IRA reporting, including Form 5498 for the IRA. The account type matters before you start searching a document bundle.
This article does not expand the general 1099-DA boxes, thresholds, or reporting phase-in. Those mechanics belong in the exchange tax hub and its dedicated form guides.
Where and when to find the form
As of 2026, the signed-in path is Fidelity.com, then Accounts & Trade and Tax Forms & Information. Choose tax year 2025 and the Fidelity Crypto account, then download Form 1099-DA. This navigation path is based on the account workflow available as model knowledge for 2026, not on a quoted Fidelity page.
The separate Fidelity Crypto Gain/Loss Summary is in the account's Statements section. It is not another file hidden inside the 1099-DA download path. Download both documents before comparing a sale.
Fidelity scheduled 2025 Form 1099-DA availability for February 17, online and by mail, for the 2026 filing season. The IRS Form 1099-DA instructions also give February 17, 2026, as the general furnishing deadline for 2025 forms.
Fidelity's own timing is described in its Tax Information schedule, while the IRS deadline appears in the Form 1099-DA instructions.
What the form reports, and what it leaves out
Your 2025 customer copy may show cost basis alongside the sale information. Fidelity's position is specific: the basis displayed on the customer Form 1099-DA is not yet reported to the IRS for 2025. Seeing a number in the PDF does not change that distinction.
Beginning with tax year 2026, Fidelity says it records and reports basis for crypto purchased in the Fidelity Crypto account on or after January 1, 2026. That change applies to qualifying purchases made on the Fidelity platform. It does not automatically turn earlier purchases or crypto transferred into Fidelity Crypto into covered basis.
A transfer-in remains a source-record problem. Fidelity's crypto tax guide says the original purchase basis does not automatically accompany crypto purchased elsewhere and later transferred into Fidelity Crypto. You retain the original acquisition date and cost for your accounting, and transferred-in assets remain noncovered for mandatory 1099-DA basis reporting in 2026 and later.
The visible 2025 basis is still useful. Treat it as a comparison point, not as proof that the same amount reached the IRS.
Sources
- Fidelity, “Tax information and forms”, covering 2025 Form 1099-DA issuance, network-fee sales, customer-visible basis, the 2026 on-platform purchase rule, and Crypto IRA documents.
- Fidelity, “Tax Information”, covering the February 17 online and mailed delivery schedule.
- Fidelity, crypto tax guide, covering transferred-in acquisition records and noncovered basis.
- IRS, Form 1099-DA instructions, covering the 2025 furnishing deadline and first-year basis context.
What to check against your records
Start with the issuer and tax year, not the basis number. A document can look familiar while belonging to a different account or reporting period.
Form-versus-record checklist
- Confirm the tax year is 2025 and the issuer is Fidelity Digital Assets.
- Confirm the document is Form 1099-DA for the Fidelity Crypto taxable account.
- Compare sale dates and gross proceeds with your Fidelity export and the separate Gain/Loss Summary.
- Find any withdrawal where crypto was sold to pay a network fee, then match that activity to the form and transaction history.
- For transferred-in crypto, retrieve the original acquisition date and cost from the source exchange or wallet records.
- Preserve the form, exports, transfer evidence, and any message or case record used when asking Fidelity about a discrepancy.
A customer-visible basis figure deserves this check even when it looks reasonable. The number can help you spot a missing transaction, but the original purchase record remains the controlling input for transferred-in crypto.
Annotated transfer-in example
Use this blank worksheet pattern rather than filling gaps from memory:
| Record stage | Fields to fill from your records | Where to check |
|---|---|---|
| Source exchange purchase | Date: ; cost: $; asset and quantity: ____ | Purchase history or account export |
| Wallet or Fidelity Crypto transfer | Transfer date: ____; quantity sent: ____; transaction ID or transfer record: ____ | Withdrawal and deposit history |
| Fidelity Crypto sale | Sale date: ; proceeds: $; network-fee sale, if applicable: ____ | Form 1099-DA, Gain/Loss Summary, and account export |
The source exchange supplies the original purchase date and cost. The transfer records connect that purchase to the asset later sold at Fidelity. Fidelity supplies the sale and proceeds information, including a network-fee sale when one appears in its reportable activity.
Leave a field blank until you locate its source record; do not create a cost from the customer-facing basis figure alone.
Other forms and who receives them
The document you need depends on the account and the question. A taxable-account sale, an account-level gain summary, and IRA reporting serve different purposes.
| Document | Account/activity | What it shows | Where to look | What it cannot settle |
|---|---|---|---|---|
| Form 1099-DA | Fidelity Crypto taxable-account reportable sales | Sale information and a customer-visible 2025 basis figure | Fidelity.com Tax Forms & Information | It does not mean the 2025 displayed basis was reported to the IRS |
| Fidelity Crypto Gain/Loss Summary | Fidelity Crypto account activity | A separate summary for comparing gains and losses with transactions | Account Statements section | It does not replace your original record for transferred-in acquisition cost |
| Form 5498 | Fidelity Crypto IRA | Year-end valuation and required minimum distribution status | IRA tax documents | It is not the same taxable-account 1099-DA for an IRA trade |
A compact way to choose is:
- Taxable Fidelity Crypto sale: look for Form 1099-DA.
- Fidelity Crypto account activity needing transaction detail: look in Statements for the Gain/Loss Summary.
- Fidelity Crypto IRA: look for IRA documentation, including Form 5498.
- Unresolved account or document question: use Fidelity's current tax support after saving your original files.
Corrections and Fidelity support
The reviewed Fidelity materials do not provide a documented, issuer-specific correction route for the discrepancy you may find. Preserve the original 1099-DA, the downloaded Gain/Loss Summary, your account export, and the transfer records before contacting Fidelity's current tax support.
Describe the exact mismatch: a sale date, proceeds amount, missing withdrawal network-fee sale, or transfer-in record that does not line up. Keep the response or case reference with the tax-year folder.
For the general mechanics of reconciling missing basis, see reconcile missing cost basis, without assuming that guide supplies Fidelity's internal support process.
What this means for your filing
For 2025, a basis amount printed on a Fidelity Crypto customer form is not the same as basis reported to the IRS. That is the issuer-specific point to carry into your reconciliation.
Your next input is the complete transaction trail: Fidelity's sale information, the separate Gain/Loss Summary, and the original acquisition record for every asset transferred into Fidelity Crypto. A transferred-in purchase does not become covered merely because the later Fidelity sale appears on a 1099-DA.
For detailed basis reconstruction, use reconcile missing cost basis. For the separate reporting workflow, see report reconciled sales on Form 8949. Those guides address their own mechanics; this page's job is to keep Fidelity's customer copy and IRS reporting distinction clear.
Questions about Fidelity Crypto's form
Where is the Gain/Loss Summary if I found the 1099-DA?
Find the Gain/Loss Summary in the Fidelity Crypto account's Statements area. This is the separate 2026 navigation path, not a second download inside Tax Forms & Information.
Does a basis amount on my 2025 Fidelity Crypto form mean the IRS got that amount?
No. Fidelity says its 2025 Form 1099-DA can show basis on the customer copy even though that basis was not reported to the IRS. Compare it with your source records.
What record do I need if I moved coins into Fidelity Crypto?
Preserve the original purchase cost and acquisition date from the source exchange or wallet records. Fidelity says those details do not automatically accompany a transfer into Fidelity Crypto.
Will my Fidelity Crypto IRA trade use the same 1099-DA?
No. Fidelity Crypto IRA reporting follows a separate route, including Form 5498 for year-end valuation and required minimum distribution status. Do not treat the IRA document as the taxable-account 1099-DA.
Related exchanges and guides
For a brokerage-document comparison, read Robinhood's consolidated document bundle or Webull's issuer split. For a comparable transfer issue, see Coinbase's transfer-basis gap.
Download both Fidelity documents, match the 2025 sales and any transfer-in purchase records, then use the basis guide for the general reconciliation method.
