Crypto tax reporting in the United States

How are acquisition costs treated?

For 2025 onward, identify disposed units within the relevant wallet/account. Specific identification needs timely evidence; otherwise FIFO applies within that wallet/account. [1] [2]

What records should you collect?

Dates, units, USD values, acquisition costs, fees and transfers between identified wallets/accounts. [1] [2]

How should you prepare your records?

1. Map each exchange account and self-custody wallet before combining exports. Preserve transfer identifiers so a movement between your own accounts can be traced to its original acquisition records.
2. For the 2025 reference year, check the identification evidence inside the wallet or account from which units were disposed. A portfolio-wide spreadsheet total does not establish the wallet/account basis required by the IRS guidance.
3. Reconcile disposal proceeds and supported acquisition costs before preparing Form 8949 and Schedule D. Review broker statements for missing basis and keep income receipts separate from capital-asset disposals.

Official sources: [1] [2]

Where is crypto reported?

Capital-asset disposals generally go through Form 8949 and Schedule D, subject to IRS reporting exceptions. [1] [2]

Which situations need separate review?

Capital holdings only. Income receipts and broker reporting need separate treatment; a broker statement can omit acquisition basis. [1] [2]

What should you check before filing?

Do not treat a broker statement or a combined software report as proof that every disposed unit has a supported acquisition cost. [1] [2]

Check product scope

Current DYOR mixed-source US reports do not maintain separate 2025-onward wallet/account lot queues. Reconstruct and review those records before using totals for filing.

About this guide

DYOR.tax compiled this guide from the tax-authority publications below. It covers selected reporting rules for resident individuals holding crypto on their own account. It is not a complete tax return or a description of everything DYOR can generate. Rates, thresholds, filing deadlines and business rules require separate checks. The reference period is the income period, not a filing deadline. The checking date is not the effective date of a law.

Cite this guide

Credit DYOR.tax for this synthesis and the linked authority for the underlying rule. Include the reference period and source-checking date. Sources keep their original publication titles.

DYOR.tax. “Crypto tax reporting in the United States.” 2025. Sources checked: 2026-09-13. https://dyor.tax/us/crypto-tax-reporting