TheBadPlaceYahoo Finance | Most Crypto Users Are Unaware Of New Tax Rules, Coinbase Survey Finds
Most Crypto Users Are Unaware Of New Tax Rules, Coinbase Survey Finds
David Okoya • Sun, April 5, 2026 at 3:16 PM GMT+2 • 9 min read
The majority of U.S. cryptocurrency users are oblivious to new tax reporting rules, cryptocurrency exchange Coinbase Global (NASDAQ:COIN) and tax software company CoinTracker have found.
About 61% of cryptocurrency users are unaware of new rules for reporting 2025 taxes, a Coinbase and CoinTracker survey of 3,000 cryptocurrency users published recently showed.
The survey comes ahead of the April 15 tax filing deadline for the 2025 tax year.
The way cryptocurrency users should file taxes changed in 2025 following the IRS’s introduction of Form 1099-DA, requiring users to report the gross proceeds from cryptocurrency transactions. The form is sent by brokers and, for the 2025 reporting year, will require users to calculate the cost basis for all their transactions.
Coinbase last month criticized the new requirements for their complexity, citing the difficulty users face in reconciling cost data across multiple platforms. Cryptocurrency users transact across at least two wallets or exchanges, according to the survey conducted between Sept. 9 and Oct. 3.
Coinbase last month also decried rules requiring users to include transaction fees in their cost basis calculations and to report stablecoin transactions as overly burdensome, while generating negligible revenue.
Read more: https://finance.yahoo.com/markets/crypto/articles/most-crypto-users-unaware-tax-131627603.html
