Yes. By law, the IRS must be provided with a copy of your form 1099-DA for the applicable tax year, but it will not include cost basis until tax year 2026. You remain in control of the cost basis reported on your tax return, regardless of what appears on your Strike tax form.

Starting with the 2025 tax year, Form 1099-DA will be issued for all taxable bitcoin transactions, instead of Form 1099-B. This form is similar to the 1099-B form used for stocks and other investments, but is specifically designed for digital assets, including bitcoin.