For the first time, the update includes reporting information on digital assets

The IRS has released the draft Form W-9 for 2026, introducing key updates that include explicit instructions for self-employed and neglected entities to use a Social Security number or an Owner Taxpayer Identification Number (TIN) instead of an Employer Identification Number (EIN). The draft adds a tax-free category for digital asset sales, consistent with the upcoming 1099-DA form. The draft also contains a checkbox for broker certification to confirm whether it is a U.S. digital asset broker. Additionally, One Big Beautiful Bill Act restores the threshold for Form 1099-K for $20,000 and 200 transactions, which goes back to 2022, while raising the declaration threshold for Form 1099-MISC and Form 1099-NEC to $2,000 from the 2026 tax year. Brokers are now required to declare digital asset sales and transactions through Form 1099-DA, and Form W-9 will assist them in filing.