Crypto.com taxes start with a 1099-DA that lists your proceeds and leaves the cost basis to you.
The IRS made cost basis optional for 2025 sales, so what you paid comes from your own records. Start with the transaction history you can download in the app. Every sale and every reward that is income belongs on your return, with or without a form.
Updated · Sources
Crypto.com’s tax forms at a glance
- 3
- forms can arrive: 1099-DA for crypto sales, 1099-MISC for rewards and 1099-B for futures and options.
- $2,000
- in 2026 rewards is the new line for a Form 1099-MISC, up from $600 for 2025.
- None
- of your cost basis appears on the 2025 1099-DA, on the IRS copy or on yours.
Each Crypto.com tax form comes from a different kind of activity.
Crypto.com emails you a link to download each form that applies, at the latest address it has on file. It does not say when the forms will arrive. Brokers had to send the 2025 Form 1099-DA to customers by February 17, 2026. An approved IRS extension can give a broker up to 30 more days.
You sold, swapped or spent crypto
Form 1099-DA reports your crypto sales and other disposals from your Crypto.com account, starting with 2025. Trading one coin for another counts as a sale, and so does spending crypto.
You earned $600 or more in rewards in 2025
Crypto.com sends a Form 1099-MISC with the year’s total once your rewards reach the yearly threshold. Rewards from Lock-Ups, Earn, referrals and certain other activities all count.
You traded futures or options
Form 1099-B reports the futures and options contracts you traded on Crypto.com. Your coin sales stay on the 1099-DA.
You hold stocks or ETFs in the app
Stocks and ETFs sit with Foris Capital US LLC, a separate broker-dealer that clears through Apex Clearing. It emails you when its tax documents are ready. You will find them in the app under Settings, then Account, then Tax Documents Statement.
The cost basis you report decides the taxes on Crypto.com sales.
No cost basis entered
$1,650
Reporting the $11,000 with no basis taxes all of it as gain.
First in, first out
$750
With no choice recorded, the 2024 coins generally count as sold first, for a $5,000 gain.
You pick the 2025 coins
$300
Naming the $9,000 coins as sold, by the time of the sale, leaves a $2,000 gain.
Each figure is federal tax at the 2026 long-term rate of 15%. That rate applies to the whole gain for a single filer whose other taxable income is at least $49,450. Total taxable income, gain included, must stay at or under $545,500. Each lot is more than a year old at the sale. The $11,000 is the proceeds figure on the 1099-DA. Coins bought before 2026 are noncovered, so even the 2026 form need not show their basis. The coins you keep carry the basis you did not use. State tax and any net investment income tax are left out.
Your return must add what Crypto.com’s tax reporting does not show.
From 2025, Form 8949 has separate boxes for digital assets, G through L. Crypto sales no longer go in box C or F.
| Crypto.com’s forms | Your return | |
|---|---|---|
| Each coin sale | Proceeds On Form 1099-DA | Gain or loss Proceeds minus your cost basis |
| Purchase date | Not shown Only the date sold | Short or long term Box H for a year or less, box K if longer |
| Selling fees | Already taken out Proceeds are net of fees | Not subtracted again Doing so understates your gain |
| Rewards | Form 1099-MISC Only at or above the threshold | Income, whatever the amount Lock-Up, Earn and referral rewards |
Check these four things before you file a return with Crypto.com sales.
Stablecoin sales can come as one total
Report each stablecoin sale on your return, even when Crypto.com’s 1099-DA shows a year of one stablecoin’s sales as a single figure. That figure leaves the date of sale blank, and each stablecoin gets its own form. A broker can also leave the sales off when they total $10,000 or less. A sale no form reports goes in box I or L.
Picking which coins you sell is set to get stricter in 2027
Through December 31, 2026, IRS relief lets you make your lot choice in your own records, by the time of the sale. Unless the IRS extends that relief again, from 2027 the choice must reach Crypto.com by the time of the sale. It can go as an instruction or a standing order. From then, if Crypto.com offers only one method, that method counts as your standing order.
A sale or reward means Yes on Form 1040
Form 1040 asks whether you received or disposed of any digital asset in the year. A Crypto.com sale, swap or reward makes the answer Yes. If you only bought with dollars and held, the answer is No.
A missing or wrong form goes to In-App Chat
Report a wrong form, a missing one or one sent in error to Crypto.com through In-App Chat. The IRS cannot correct a 1099-DA for you. Do not hold off filing while you wait for Crypto.com’s fix.
Valim’s CPAs build your return from Crypto.com’s forms and your own records.
Crypto.com’s forms show proceeds net of fees but no purchase dates, so we add each date and basis to your federal and state returns.
- We match each 1099-DA sale to your Crypto.com history and report it on Form 8949 with its cost basis.
- We pull the basis of coins you moved in from the exchange or wallet where you bought them.
- We plan which lots a large sale should use, and how to record that choice.
- We figure the estimated payments a big Crypto.com sale calls for.
- We reply within the fee to IRS or state notices on returns we prepared, including one about your Crypto.com proceeds.
- Individual return
- from $195
- Business return
- from $495
We quote a flat fee before work starts. We do not bill hourly.
What do Crypto.com users ask about their tax forms?
Will Crypto.com send me a 1099?
Yes, if you are a US customer who sold, swapped or spent crypto, earned rewards, or traded contracts in the year. Sales, swaps and spending come on Form 1099-DA. Rewards come on Form 1099-MISC once they reach $600 for 2025. Futures and options contracts come on Form 1099-B. One account can get all three as separate forms, while Robinhood puts its crypto and stock 1099s in one PDF.
Where do I find my Crypto.com tax documents?
Your Crypto.com tax documents come as a download link, emailed to the latest address on your account. Check your spam folder if it has not arrived, and ask In-App Chat for a paper copy. Download your transaction history in the app too, since it shows what you paid for each coin you sold. It also covers coins you bought on Crypto.com and later sold on another exchange, such as Coinbase. Tax documents for a stock account are in the app under Settings, Account, Tax Documents Statement.
Does Crypto.com report to the IRS?
Yes. Crypto.com’s Forms 1099-DA, 1099-MISC and 1099-B are IRS information returns. The law requires the issuer to file a copy of each with the IRS. For 2025, the IRS copy of your 1099-DA shows proceeds and no cost basis, and so does your copy. Kraken, by contrast, prints a basis estimate on the customer copy.
At what point do I have to pay taxes on crypto?
Tax arises when you sell, swap or spend crypto, or when you receive it as income, such as a reward. A sale can produce a taxable gain or a deductible loss. A realized gain is taxed for the year of the sale, and income for the year you receive it. If you expect to owe $1,000 or more after withholding, you generally pay estimated tax each quarter. For 2026, the due dates are April 15, June 15, September 15 and January 15, 2027.
Sources
- Crypto.com Help Center, 1099 Form for the 2025 Tax Year
- Crypto.com Help Center, Stock and ETF Trading via the Crypto.com App
- Robinhood Support, Taxes and forms
- IRS, Instructions for Form 1099-DA (2025)
- IRS, General Instructions for Certain Information Returns (2025)
- IRS, Instructions for Forms 1099-MISC and 1099-NEC (2025)
- IRS, Understanding your Form 1099-DA
- IRS, Digital assets
- IRS, Instructions for Form 8949 (2025)
- 26 C.F.R. § 1.6045-1, Returns of information of brokers and barter exchanges
- 26 C.F.R. § 1.1012-1, Basis of property
- IRS, Notice 2026-20 (digital asset identification relief)
- IRS, Rev. Proc. 2025-32 (2026 inflation adjustments)
- 26 U.S.C. § 6041, Information at source
- 26 U.S.C. § 6654, Failure by individual to pay estimated income tax
Reviewed and updated September 2026. General information, not advice for your situation.