Crypto.com shares some user data with the IRS under U.S. rules. This happens through tax forms like 1099-MISC for rewards over $600. New rules start in 2026 with Form 1099-DA for sales. Users must report all crypto taxes themselves. Evidence shows most platforms follow these steps to meet laws. Some users get no forms but still owe taxes.
What Users Need to Know First Research points to key facts. Crypto.com sends forms for high rewards. IRS sees crypto as property. Sales or trades create gains or losses. Staking counts as income. Rules change over time. Users often ask if forms mean automatic taxes. No, forms help track but users file.
Crypto.com’s Reporting Rules Crypto.com follows U.S. tax laws. For 2024 taxes, they send Form 1099-MISC if you earn $600 or more from rewards or staking. This goes to you and the IRS by January 31. It lists income details. For sales, no direct report yet. In 2025, they add Form 1099-DA for gross sales amounts. Cost details come in 2026. This applies to U.S.
Your Tax Duties You report all crypto deals. Sell or trade? Report gains on Form 8949. Earn from staking? Add to income on Schedule 1. Hold only? No report needed. Transfer between your wallets? Not taxable. Use crypto for buys? That’s a sale. Track cost basis to cut taxes. Losses offset gains up to $3,000 a year.
How to Get Your Tax Data from Crypto.com Log in to your account. Go to the wallet section. Find transaction history. Export CSV files for all trades. Check for 1099 forms in your profile by February. Use tax software to import data. This saves time on math.
Common Tax Forms Explained
- Form 1099-MISC: For rewards like staking or bonuses over $600.
- Form 1099-DA: New in 2026 for sales totals. Helps IRS check your filings.
- No Form 1099-B yet: Crypto.com skips this for now.
Steps to File Crypto Taxes
- Gather all transaction records.
- Calculate gains and losses. Subtract buy price from sell price.
- Fill IRS forms like 1040 and 8949.
- Pay by April 15 or file extension.
- Keep records for three years.
Ways to Lower Your Tax Bill Hold assets over a year for lower rates. Use losses to cut gains. Donate crypto to charity for deductions. Track fees as costs. Consult a tax pro for complex cases.
Answers to Top User Questions Many search for these. Does Crypto.com send 1099-K? Not anymore. Do I report under $600? Yes, if taxable. Is staking income? Yes. What if no form comes? Report anyway. Do DeFi trades report? No, self-report. Need FBAR for foreign holdings? Yes, if over $10,000.
Final Thoughts Crypto taxes seem complex but break into steps. Stay on top of records. Rules aim for fair play. File right to avoid issues.
Suggestions for links:
- Add internal links under “Your Tax Duties” to your site’s page on crypto gains calculation.
- In “How to Get Your Tax Data,” link to your guide on using tax software.
- Under “Ways to Lower Your Tax Bill,” link to your article on long-term holding strategies.
- Suggest external link to Forbes.com crypto tax article in “Common Tax Forms Explained” section, but place it as a reference note outside the main content.
Crypto taxes draw steady searches. Users want clear answers on reporting. Top sites focus on compliance. They explain forms and duties. Structures use questions as headings. Intent guides users to file right.
Research Summary from Top Sites Top Google results cover Crypto.com’s IRS ties. Sites like TokenTax and Koinly lead. They share facts on forms. IRS pages give general rules. Crypto.com’s help page details 1099-MISC. CNN covers 2025 changes. Reddit shares user stories from 2021.
Key Points Across Sites
- Crypto.com reports rewards over $600 via 1099-MISC.
- No full transaction reports yet.
- 2026 brings 1099-DA for sales.
- Users handle all filings.
- Taxable events: sales, trades, income.
- IRS views crypto as property.
- Losses offset gains.
| Site | Key Reporting Fact | User Advice |
|---|---|---|
| TokenTax | 1099-MISC for $600+ rewards; 1099-DA in 2026 | Export history; use software for gains |
| Koinly | 1099-MISC sent; no 1099-B | Report all income; track staking |
| Crypto.com Help | 1099-MISC if $600+ earned | Check account for forms |
| Tohme Accounting | Issues 1099s for income; user tracks rest | Access CSV; report gains |
| CNN | 1099-DA starts 2025 for proceeds | Self-report DeFi; offset losses |
| IRS Newsroom | Report all digital assets | Answer yes/no on forms; use 8949 |
Structures and Headings Pages start with H1 as the query. H2 covers if it reports, what forms, user steps. H3 breaks down forms or FAQs. TokenTax: H2 on taxes, lowering bills. Koinly: H2 on legality, reporting, filing. Tohme: H2 on roles, forms, access. IRS: Simple sections on yes/no answers. Intent: Educate to avoid penalties. Promote tools on tax sites.
NLP Terms and Themes Terms: 1099-MISC, 1099-DA, capital gains, staking rewards, transaction history, cost basis, Form 8949, Schedule D, crypto as property. Themes: Compliance, personal duty, form changes, income types, filing steps. User questions: Do I pay on transactions? Get 1099? Report under $600? FBAR needed? Staking taxable?
From People Also Ask and Related Searches Inferred from snippets: How get tax forms? Crypto taxed? Report crypto under $600? Exchanges report to IRS? Related: Crypto.com tax docs, Coinbase IRS report, crypto tax software, IRS crypto FAQ, 2025 crypto rules.
All sites stress records. Changes in 2025 add oversight. Content draws from these for unique guide. Focus on 2025 steps adds value.
