US Crypto Investors Struggle With Tax Compliance

Crypto investors in the US are facing significant challenges when it comes to tax compliance, according to a recent survey by Coinbase and Cointracker. The report found that 74% of respondents recognize their crypto activities as taxable, but many struggle with accurately reporting transactions.

The main issue lies in tracking cost basis, which is crucial for calculating gains or losses. Many investors are unaware of the updated 2025 tax rules, with nearly 61% of respondents lacking knowledge on this topic. This lack of understanding can lead to inflated tax obligations when data is incomplete.