HOW TO GET TAX INFORMATION FROM CRYPTO.COM

Last updated: June 19, 2025, 22:52 | Written by: Fred Ehrsam

Navigating the world of cryptocurrency taxes can feel like deciphering an ancient scroll. Form SR, U.S. Tax Return for Seniors; Form NR, U.S. Nonresident Alien Income Tax Return; Form 1041, U.S. Income Tax Return for Estates and Trusts; Form 1065, U.S. Return of Partnership Income; Form 1120, U.S. Corporation Income Tax Return; Form S, U.S. Income Tax Return for an S Corporation; How to answer the digital assets questionWith the increasing adoption of digital assets, understanding your tax obligations is no longer optional – it's essential.If you're a Crypto.com user, you might be wondering, ""How do I get the tax information I need to file my taxes accurately?"" Fear not!This comprehensive guide will walk you through everything you need to know about accessing your Crypto.com tax information, understanding the different types of crypto transactions and their tax implications, and utilizing the tools available to simplify the entire process.We'll explore Crypto.com's tax reporting tools, third-party software integrations, and even offer some smart strategies to potentially reduce your overall tax bill. Looking to calculate your crypto taxes? Try our free crypto tax calculator. Crypto.com tax explained. Here s a quick step-by-step guide to Crypto.com taxes. Step 1: Log into your account. Start by signing into your Crypto.com account.From understanding Form 1099 to reporting crypto income, we've got you covered. Under this tax treatment, you owe taxes only if you ve sold or otherwise disposed of a digital asset for a profit. In other words, you ll likely owe capital gains tax for each time you ve traded one crypto asset for another, or cashed out your crypto into fiat (USD, GBP, JPY) for a profit during the tax year.Let's dive in and make crypto taxes a little less daunting!

Understanding Crypto Tax Obligations: An Overview

Before we jump into the specifics of Crypto.com, let's establish a foundation of understanding regarding crypto tax obligations in general. Managing crypto taxes can be complicated, but many tax tools exist to help track and compile your transaction history. Phantom Wallet does not currently support a direct CSV export feature, but you can still access and export your transaction data using blockchain explorers. Helpful Tools. Here are a few examples of crypto tax tools you can useThe IRS treats cryptocurrency as property, meaning that general tax principles applicable to property transactions apply to crypto transactions.This includes capital gains taxes when you sell, trade, or otherwise dispose of your crypto for a profit. Fortunately, many tax software programs can help you with this process. You ll also need to make sure you understand the tax rates that apply to your crypto gains. Section 4: Tax Information Table. To further assist you with your tax reporting, here s a table summarizing the key tax information available on Crypto.com:Also, any crypto you receive through staking, mining, airdrops, or as payment for services is considered ordinary income and is taxed accordingly.

Staying compliant with these regulations is crucial. Step 1: Gather your documents. Accurately reporting your crypto transactions on your taxes requires thorough recordkeeping. Before starting on your tax return, you will need to collect data that summarizes your crypto transactions throughout the year, including sales, swaps, purchases, mining, staking, airdrops, crypto payments, and more.The IRS is increasingly focusing on crypto, even adding a direct question about digital asset activity to Form 1040. Crypto.com offers a Crypto.com Tax, specifically designed to make it easy to work out your cryptocurrency taxes. It does this by pulling in transaction details and then making tax reports. To gain access to tax documents, go through Crypto.com Tax, and do the following; 1. First, launch the website of Crypto.com Tax and register for an account. 2.Proper record-keeping and accurate reporting are essential to avoid penalties and ensure you're meeting your tax obligations.

Accessing Tax Information Directly from Crypto.com

Crypto.com understands the complexities of crypto taxes and provides tools to help its users navigate this landscape.Here's how you can access your tax information directly from the platform:

Using the Crypto.com Tax Tool

Crypto.com offers its own proprietary tool, Crypto.com Tax, specifically designed to help you calculate your crypto-related tax obligations.This tool automatically generates reports based on your transaction history, which can then be imported into popular tax filing software or shared with your accountant. Crypto Tax Reporting Requirements for 2025. For the 2025 filing season (covering 2025 tax year), the IRS has continued to expand its focus on crypto. Every individual tax return (Form 1040) now includes a question: At any time during 2025, did you receive, sell, exchange, or otherwise dispose of any digital asset?The best part?It's free to use!

Here's a step-by-step guide to using Crypto.com Tax:

Sign Up/Log In: Launch the Crypto.com Tax website and either register for a new account or log in if you already have one.
Select Jurisdiction and Tax Year: Choose your jurisdiction (e.g., United States) and the tax year you need to calculate.
Connect Exchange Accounts: Connect all your cryptocurrency exchange accounts to Crypto.com Tax. Download your tax documents. Whether you are filing yourself, using a tax software like TurboTax or working with an accountant. Koinly can generate the right crypto tax reports for you. Form 8949, Schedule D. If you are filing in the US, Koinly can generate filled-in IRS tax forms. Comprehensive tax report.This allows the tool to pull in all your transaction details.
Generate Tax Reports: Once your accounts are connected, Crypto.com Tax will automatically generate comprehensive tax reports based on your transaction history.
Download Tax Documents: Download your tax reports in the format you need for filing, whether it's for filing yourself, using tax software like TurboTax, or working with an accountant.

Understanding Transaction History on Crypto.com

Accessing your transaction history is crucial for accurate tax reporting. Getting paid in crypto: If you were paid in crypto by an employer, your crypto will be taxed as compensation according to your income tax bracket. Getting crypto in exchange for goods or services: If you accept crypto in payment for a good or service, you re responsible for reporting it as income to the IRS.Crypto.com provides detailed transaction histories that you can review.You can export this data in various formats, such as CSV, making it easy to import into tax software or share with your tax professional.

What is Form B and Will I Receive One?

If you are a U.S. person who traded contracts on Crypto.com during the tax year, Crypto.com may be required to issue you a Form B. Crypto.com Tax makes it easy to calculate complicated crypto taxes, generating a crypto tax report in just seconds. What s more, users won t have to pay a single cent for accessing this tool. Additionally, Crypto.com Tax now features support for custom tokens and multiple blockchains.It's crucial to understand that the responsibility to determine the proper categorization of your transactions and tax situation lies with you. Because the IRS considers cryptocurrency to be property, general principles that apply to capital assets reporting apply to crypto. According to the IRS, U.S. taxpayers are required to report gains and losses, or income earned from crypto rewards on their annual tax return (Form 1040).You need to assess whether and how the information contained in Form B is applicable to your tax reporting obligations.

Leveraging Third-Party Crypto Tax Software

While Crypto.com Tax is a valuable tool, you might also consider using third-party crypto tax software for additional features or if you use multiple exchanges and wallets beyond Crypto.com.These platforms often provide advanced features, such as tax-loss harvesting suggestions and detailed audit trails.

Here are a few popular options:

CoinTracker: Connects to your Crypto.com account and generates tax reports.
Koinly: Generates IRS tax forms and comprehensive tax reports.
Crypto Tax Calculator: Partners with various exchanges, including Kucoin, and helps estimate your potential tax bill.Offers API sync and direct CSV import capabilities.

These platforms work by connecting to your Crypto.com account via API or by importing your transaction history via CSV files.They then analyze your transactions and generate the necessary tax forms and reports.

Integrating with Tax Software (e.g., TurboTax)

Many crypto tax software solutions integrate seamlessly with popular tax filing platforms like TurboTax. See full list on coinledger.ioThis allows you to directly import your crypto tax data, streamlining the filing process and minimizing the risk of errors.TurboTax also offers a guarantee, refunding your purchase price if you find a smaller tax due or larger refund using another method with the same data.

Understanding Taxable Events on Crypto.com

Knowing which transactions on Crypto.com are considered taxable events is crucial for accurate tax reporting.Here's a breakdown of common taxable events:

Selling Crypto: Selling your crypto for fiat currency (e.g., USD) is a taxable event.You'll need to report the capital gain or loss on the sale.
Trading Crypto: Trading one cryptocurrency for another is also a taxable event.The IRS considers this a ""disposition"" of property, triggering capital gains or losses.
Spending Crypto: Using your crypto to buy goods or services is a taxable event. Crypto.com may be required to issue to you a Form B if you are a U.S. person who traded contracts during the tax year. It is your responsibility to determine the proper categorization of your transactions and tax situation, including whether and how the information contained in the Form B is applicable to your tax reporting obligations.The difference between the price you originally paid for the crypto and its value when you used it is subject to capital gains tax.
Earning Crypto: Receiving crypto as income, such as through staking rewards, mining, airdrops, or as compensation for labor, is considered taxable income.

Each of these events requires careful tracking and reporting on your tax return.

Key Tax Forms for Crypto Reporting

When reporting your crypto transactions, you'll likely need to use these key tax forms:

Form 8949 (Sales and Other Dispositions of Capital Assets): This form is used to report the details of each crypto sale or trade, including the date of acquisition, date of sale, proceeds, and cost basis.
Schedule D (Capital Gains and Losses): This form is used to summarize your capital gains and losses from all sources, including crypto.
Form 1040 (U.S.Individual Income Tax Return): This is the main form you'll use to report your overall income and deductions, including any crypto-related income or capital gains.

Depending on your specific situation, you may also need to use other forms, such as:

Form NR (U.S. How To Get Crypto.com Tax Forms _____New Project Channel:Nonresident Alien Income Tax Return): If you are a non-resident alien.
Form 1041 (U.S. Tools and Features Provided by Crypto.com for Tax Reporting Crypto.com Tax Tool. Crypto.com offers a proprietary tool designed to help calculate your crypto-related tax obligations. It automatically generates reports based on your transaction history, which can be directly imported into many popular tax filing software. Integration with TaxIncome Tax Return for Estates and Trusts): For estates and trusts.
Form 1065 (U.S. Income Tax Crypto you receive through staking, mining, airdrops, or as payment for services generally counts as ordinary income and should be reported as such once you have control of the coins. Reporting Requirements The IRS requires detailed reporting of crypto transactions on Form 8949 and Schedule D. This typically involves listingReturn of Partnership Income): For partnerships.
Form 1120 (U.S. 9. Smart Strategies To Reduce Your Tax Bill. Tax-loss harvest against short-term gains before Dec 31. Hold 12 months to drop from 37 % to 0-20 %. Donate appreciated crypto to a 501(c)(3) for a dual deduction. Self-directed IRA/401(k) lets gains grow tax-deferred. Specific-ID HIFO to realize losses first.Corporation Income Tax Return): For corporations.
Form S (U.S. Maximum Tax Savings Guarantee - Business Returns: If you get a smaller tax due (or larger business tax refund) from another tax preparation method using the same data, TurboTax will refund the applicable TurboTax Desktop Business license purchase price you paid. Additional terms and limitations apply.Income Tax Return for an S Corporation): For S corporations.

Smart Strategies to Potentially Reduce Your Crypto Tax Bill

While tax avoidance is illegal, tax planning is perfectly legitimate and can help you minimize your tax liabilities.Here are a few smart strategies to consider:

Tax-Loss Harvesting: Sell crypto assets that have decreased in value to offset capital gains.This strategy is particularly effective if you have short-term gains. Crypto.com Tax supports over 30 popular exchanges and wallets, allowing users to directly import every crypto transaction made in the past year. It then accurately calculates the taxes incurred and generates a report in the user s preferred format.Remember to execute this before December 31st of the tax year.
Holding for Long-Term Capital Gains Rates: If you hold your crypto assets for more than 12 months, any gains will be taxed at the lower long-term capital gains rates (0-20%) instead of your ordinary income tax rate (which can be as high as 37%).
Donating Appreciated Crypto to Charity: If you donate appreciated crypto to a qualified 501(c)(3) charity, you may be able to deduct the fair market value of the crypto from your income.
Using a Self-Directed IRA/401(k): Investing in crypto through a self-directed IRA or 401(k) allows your gains to grow tax-deferred or even tax-free (in the case of a Roth IRA).
Specific Identification (HIFO): Use the Highest-In, First-Out (HIFO) method to sell the crypto assets with the highest cost basis first, reducing your taxable gains.This allows you to realize losses before gains.

Frequently Asked Questions About Crypto.com Taxes

Let's address some common questions users have about getting tax information from Crypto.com:

How do I report crypto on my taxes?

Reporting crypto on your taxes involves detailing each transaction that constitutes a taxable event, such as selling, trading, or spending cryptocurrency.Use Form 8949 to report each sale and Schedule D to summarize your capital gains and losses.

What happens if I don't report my crypto taxes?

Failure to report crypto taxes can result in penalties from the IRS, including fines and interest charges.In more severe cases, it can even lead to criminal prosecution.

Is staking income taxable?

Yes, crypto you receive through staking generally counts as ordinary income and should be reported as such once you have control of the coins.

What are the short-term capital gains tax rates?

Short-term capital gains are taxed at your ordinary income tax rate, which can range from 10% to 37% depending on your income level. Capital gains tax: Selling your crypto, trading your crypto for another cryptocurrency, using your crypto to buy goods and services. Income tax: Earning crypto from staking, mining, referrals from an exchange, or as compensation for labor.Keep in mind that tax brackets can change, so stay up-to-date on the latest regulations.

How can a crypto tax calculator help?

Crypto tax calculators help automate the process of tracking and calculating your crypto taxes.They can import your transaction data from various exchanges and wallets, accurately calculate your gains and losses, and generate the necessary tax forms.

Can I deduct crypto losses?

Yes, you can deduct capital losses up to $3,000 per year (or $1,500 if married filing separately) to offset ordinary income. Crypto in IRAs: Invest with tax-deferred or tax-free growth Gifting: Gift up to $19,000 per year tax-free (for 2025) to friends or family Losses on underperforming coins may offset gains or even ordinary income, while long-term holding shifts your assets into more favorable capital gains brackets.Any excess losses can be carried forward to future tax years.

Staying Updated with Crypto Tax Regulations

Crypto tax regulations are constantly evolving.It's crucial to stay informed about the latest rules and guidance from the IRS. You can also estimate your potential tax bill with our crypto tax calculator. Short-term tax rates if you sold crypto in 2025 (taxes due in 2025) 2025 tax brackets (taxes due April 2025 or OctoberHere are some resources to help you stay up-to-date:

IRS Website: The IRS website provides official guidance on crypto tax issues.
Tax Professionals: Consulting with a qualified tax professional who specializes in crypto can provide personalized advice and ensure you're compliant with all applicable regulations.
Crypto Tax Newsletters and Blogs: Many reputable crypto news outlets and tax blogs provide regular updates on crypto tax developments.

Conclusion: Simplifying Crypto Taxes with Crypto.com and Beyond

Navigating crypto taxes can be complex, but it doesn't have to be overwhelming. Here s How to Use Crypto.com Tax: Sign up for a Crypto.com account. For users who already have one, sign in. Select the jurisdiction and tax year to be calculated.; Connect all cryptocurrency exchange accounts to Crypto.com Tax.By understanding the basic principles, utilizing the tools available from Crypto.com and third-party software providers, and staying informed about the latest regulations, you can confidently manage your crypto tax obligations.Remember, accurate record-keeping is key, and don't hesitate to seek professional advice when needed. How to calculate your Coinbase Wallet taxes with Crypto Tax Calculator 1. Import your data. First, you will need to import your Coinbase Wallet transaction data to Crypto Tax Calculator. Here s how: Sync via API. In Crypto Tax Calculator, click Add Account and select Coinbase Wallet or the relevant blockchain (e.g, Ethereum, Solana).Taking a proactive approach to your crypto taxes will not only ensure compliance but also potentially unlock opportunities for tax savings. The Crypto Tax Cavalry: Several crypto tax services are available, like CoinTracker or Koinly. These can connect to your Crypto.com account and generate tax reports for you. Basically, they're like your own personal crypto accountant, minus the hefty hourly rate. Part 3: Form 1099: The Not-So-Surprise Party GuestNow that you know how to get tax information from Crypto.com, you're well-equipped to tackle tax season with confidence.Good luck!

Key Takeaways:

Crypto.com offers a free tax tool to help you calculate your crypto tax obligations.
Understand which transactions are taxable events, including selling, trading, spending, and earning crypto.
Utilize third-party crypto tax software for advanced features and integration with tax filing platforms.
Consider tax planning strategies like tax-loss harvesting and holding for long-term capital gains rates.
Stay informed about the latest crypto tax regulations and seek professional advice when needed.

Call to Action: Start gathering your Crypto.com transaction data today and explore the various tax tools mentioned in this guide to prepare for tax season. Optimize KuCoin taxes with Blockpit's Crypto Tax Optimizer. Save an average of 2,395$ in crypto taxes with our tax-loss harvesting tool and unique sell simulator for your crypto portfolio. With Blockpit s Crypto Tax Optimizer, you can track unrealized gains, losses, and holding periods for your KuCoin assets.Don't wait until the last minute!