Two-thirds of crypto investors unaware of new IRS tax rules that could cost them thousands of dollars, Coinbase and CoinTracker warn

Nearly two-thirds of US crypto investors are heading into taxation play unaware of caller reporting rules that could outgo them up to $100,000, says a Monday study by Coinbase and CoinTracker shared with DL News.

Based connected a survey of 3,000 American crypto investors, the 2026 Crypto Tax Readiness Report recovered that 61% of respondents said they are unaware of circumstantial caller rules introduced by the Internal Revenue Service for reporting 2025 taxes.

“The communicative this information tells is 1 of confusion,” Lawrence Zlatkin, Coinbase’s vice-president of tax, said successful a connection shared with DL News.

“Users are struggling to navigate the complexities of crypto taxation, which is wherefore it's truthful important for america to assistance span that cognition gap,” Zlatkin said.

The findings travel up of April 15, the IRS national income taxation filing deadline for 2025.

Criminal taxation fraud tin pb to a good of up to $100,000 and 5 years successful prison, according to Cornell Law School. That would beryllium the worst-case script for individuals convicted of superior and intentional wrong-doing, and not for radical who made filing errors.

The knowing spread lands astatine a delicate moment. The caller taxation rules — recovered successful the IRS’ caller Form 1099-DA — means that investors should study gross proceeds from integer assets transactions.

The occupation for idiosyncratic investors is that they are liable for calculating and reconciling their ain adjusted outgo ground crossed platforms arsenic brokers aren’t required to supply outgo ground accounting to the IRS for 2025.

“The outgo ground contented is uniquely hard to solve,” Shehan Chandrasekera, caput of taxation strategy astatine CoinTracker, said successful a enactment shared with DL News.

“If a crypto capitalist has transactions and transfers betwixt aggregate wallets and exchanges oregon is progressive successful decentralised finance, it volition beryllium astir intolerable for them to reconcile crypto taxes manually,” Chandrasekera said.

The study described the integer assets manufacture arsenic an “environment of precocious compliance intent but debased functional knowing highlights a captious request for accessible, accurate, and integrated crypto taxation solutions.”

It recovered that 74% percent of crypto users accidental they cognize their enactment is taxable, with 56% standing their ain cognition of crypto taxes arsenic excellent.

Crypto investors besides look progressively mainstream. Of the radical polled,  76% accidental they besides put successful accepted stocks, and 83% clasp different assets specified arsenic bonds, spot oregon commodities.

Lance Datskoluo is DL News’ Europe-based markets correspondent. Got a tip? Email him at [email protected].