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Crypto tax software

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Awaken is a crypto tax software that gives users the crypto reports they need to file their personal taxes.

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US Crypto Investors Face First 1099-DA Tax Season, 21% Still Waiting for Exchange Tax Information

Odaily reports: In the first US tax season under the 1099-DA reporting rules for crypto assets, some investors are facing issues such as missing transaction data and difficulty verifying cost basis. An August survey of 1,000 US crypto investors by Awaken Tax showed that 21% of respondents who have already filed or plan to request an extension said they are still waiting for exchanges or crypto platforms to provide the required information; another roughly 20% said their 1099-DA form information was incomplete, or they were unsure whether it accurately reflected their transactions.The US Internal Revenue Service (IRS) stipulates that for 2025 transactions, brokers are generally required to report proceeds from digital asset sales, but in most cases are not required to report cost basis, leaving taxpayers to calculate gains and losses themselves; starting in 2026, brokers will be required to report cost basis for qualifying digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they must still report digital asset-related income and gains or losses. (Cointelegraph)

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US Crypto Investors Face First 1099-DA Tax Season, 21% Still Waiting for Exchange Tax Information

Odaily reports: In the first US tax season under the 1099-DA reporting rules for crypto assets, some investors are facing issues such as missing transaction data and difficulty verifying cost basis. An August survey of 1,000 US crypto investors by Awaken Tax showed that 21% of respondents who have already filed or plan to request an extension said they are still waiting for exchanges or crypto platforms to provide the required information; another roughly 20% said their 1099-DA form information was incomplete, or they were unsure whether it accurately reflected their transactions.The US Internal Revenue Service (IRS) stipulates that for 2025 transactions, brokers are generally required to report proceeds from digital asset sales, but in most cases are not required to report cost basis, leaving taxpayers to calculate gains and losses themselves; starting in 2026, brokers will be required to report cost basis for qualifying digital assets. The IRS also emphasized that even if taxpayers do not receive a 1099-DA, they must still report digital asset-related income and gains or losses. (Cointelegraph)

Bitcoin mining company IREN acquires creative and media agency Awaken

According to an official announcement, Bitcoin mining company IREN has acquired Awaken, a creative and media agency specializing in content strategy and brand development. Several senior members of Awaken will join IREN, including Founder and CEO Chris Parker, who will oversee IREN’s brand and marketing strategy. Daniel Roberts, Co-Founder and Co-CEO of IREN, stated that as the company expands into new regions and customer segments, brand awareness and customer engagement are becoming increasingly important; integrating Awaken’s capabilities in-house is thus a natural step in the platform’s ongoing expansion.