How to Do Your Crypto.com Taxes

The IRS treats cryptocurrency as property. When crypto is held as a capital asset, selling, trading, or spending it generally creates a capital gain or loss.

For example, if you buy Bitcoin for $20,000 and later sell it for $30,000, you have a $10,000 capital gain. Net capital losses offset capital gains first. If losses exceed gains, you can deduct up to $3,000 of other income ($1,500 if married filing separately) and carry the rest forward to later years.

Crypto received as payment for services, or through mining or staking, generally creates ordinary income. The amount is based on fair market value when you receive or gain control of the crypto. Where you report that income depends on how it was earned.

Buying crypto with dollars and holding it isn't taxable. Moving crypto between wallets you own isn't a sale either, although crypto spent on the network fee is a disposal.

The IRS has issued no guidance written specifically for Crypto.com card cashback. Crypto.com describes certain spend-based cashback as a rebate while noting that some rewards paid in crypto may be taxable. Keep records of the type of reward and its fair market value at the time of receipt.

Here's a step-by-step guide to Crypto.com taxes.

Step 1: Log into your account

Sign into your Crypto.com account and open your transaction history.

Step 2: Export transaction history

In the Crypto.com App, go to Accounts, tap History, then Export, and choose Token Wallet. Export the Cash Wallet from its own page. Export the Visa card history from Card, More, Settings, Export Transaction History.

Each report can cover up to three years, so export each period separately if your history is longer. Generated reports remain available to download for 30 days.

The Crypto.com Exchange is a separate product, so export its wallet transactions, deposits and withdrawals, and trading history from the Exchange, or import the data into TokenTax via a supported integration.

Step 3: Review and categorize transactions

Combine your Crypto.com exports with records from every other exchange and wallet you used. Then categorize each transaction as a sale, swap, income, or transfer:

• Match transfers. Pair deposits and withdrawals between your own accounts so they aren't counted as sales.

• Bring in outside purchase records. If you bought crypto elsewhere and moved it into Crypto.com, Crypto.com doesn't know your original cost. You need those records too.

Step 4: Calculate gains and losses

Calculate your total capital gains and losses from your transaction data. Since January 1, 2025, digital asset cost basis is generally tracked separately for each wallet or account rather than through one universal pool.

Step 5: Prepare tax forms

The next step is to fill out the appropriate IRS forms:

• Form 8949 for crypto capital gains and losses. On the 2025 Form 8949, digital asset sales go in box G, H, or I for short-term transactions and J, K, or L for long-term transactions. Crypto.com's 2025 Form 1099-DA shows no cost basis, so sales reported on it generally go in box H or K.

• Schedule 1, line 8v for 2025 for ordinary digital asset income that is not reported elsewhere on your return. Crypto received as wages belongs with wages, while income from a trade or business may belong on Schedule C.

Yes. Crypto.com files information returns with the IRS for qualifying US customers. For 2025, it may issue:

• Form 1099-DA: gross proceeds from sales, swaps, and other reportable dispositions, with no cost basis.

• Form 1099-MISC: qualifying rewards from programs such as Lock-Ups, Earn, referrals, and certain other activities totaling $600 or more for 2025. For payments made after December 31, 2025, the federal reporting threshold increased to $2,000 for many categories reported on Form 1099-MISC.

• Form 1099-B: certain regulated futures and options contracts.

For 2026 sales, brokers also report basis for covered crypto generally acquired on or after January 1, 2026, in an account where the broker provided custodial services and held continuously there until sold. Crypto acquired earlier, or transferred into Crypto.com from another wallet or exchange, is generally noncovered. Its basis may therefore still be missing from the form.

You report all taxable activity yourself whether or not you receive a form. Crypto.com's 2025 Form 1099-DA shows no cost basis, doesn't cover activity in other wallets and exchanges, and doesn't replace your own records of rewards and income.

For most Crypto.com users, the main form for reporting capital-asset crypto transactions is Form 8949. It lists information such as acquisition and disposal dates, proceeds, basis, and gains or losses. Totals from Form 8949 carry to Schedule D.

Ordinary digital asset income that is not reported elsewhere may go on Schedule 1. Crypto received as business income may instead belong on Schedule C, while wages paid in crypto are reported as wages.

Short-term gains from crypto held for one year or less are generally taxed at ordinary income rates from 10% to 37%. Long-term gains from crypto held for more than one year are generally taxed at 0%, 15%, or 20%.

Gains above the 15% limits are generally taxed at 20%.

The 3.8% Net Investment Income Tax may also apply. For individuals, it is imposed on the lesser of net investment income or the amount by which modified adjusted gross income exceeds the applicable threshold, including $200,000 for single filers and $250,000 for married couples filing jointly.

Tax year 2025 returns were due April 15, 2026. Tax year 2026 individual returns are generally due April 15, 2027.

Filing your Crypto.com taxes takes thorough documentation:

• any Forms 1099-DA, 1099-MISC, and 1099-B you receive

• your exported Crypto.com transaction history

• original purchase records for crypto you transferred into Crypto.com

• Form 8949 for reporting applicable capital transactions

• supporting documents like bank statements or receipts, which can help verify transactions if the IRS undertakes a crypto tax audit

Crypto.com discontinued its Crypto.com Tax calculator on June 25, 2024, and moved ongoing tax-report preparation to third-party partners, including TokenTax.

Existing users may still be able to retrieve older reports from the Crypto.com Tax portal.

That's separate from Crypto.com's IRS reporting. Crypto.com still sends applicable Forms 1099, while tax software combines those records with activity from your other exchanges and wallets to calculate your complete tax result.

TokenTax is a Crypto.com tax-software partner and supports Crypto.com among its exchange integrations.

Bring your Crypto.com transaction data into TokenTax through supported integrations or CSV files. TokenTax can then combine that activity with transactions from your other exchanges and wallets.

From those records, TokenTax can:

• match transfers between accounts you own

• reconcile cost basis

• calculate gains and losses

• organize taxable crypto income

• prepare Form 8949 and Schedule D reports

When in doubt, our crypto tax professionals are available to assist.