Does Crypto.com Report to the IRS?
Learn about what Crypto.com reports to the IRS, including 1099-DA and 1099-MISC forms, and what you can do to stay compliant.
Crypto.com reports income over $600 to the IRS via Form 1099-MISC.
Crypto.com previously issued Form 1099-K, which caused confusion for taxpayers and the IRS.
Coinbase began issuing 1099-DA to users and the IRS in 2026.
Is Crypto.com legal in the USA?
Yes, Crypto.com is legal in the U.S., operating in 49 states and several territories. However, it is currently unavailable in New York due to state regulations.
The platform holds required money transmitter licenses and complies with U.S. regulations, allowing most users to trade and invest in cryptocurrencies. It has also launched stock and ETF trading services for select users.
Does Crypto.com report to the IRS?
Yes, Crypto.com may report your crypto transactions to the IRS if you have more than $600 in rewards in a financial year.
Starting in 2026, you'll also receive a Crypto.com 1099-DA, which reports on your gains and losses from disposals of crypto.
What does Crypto.com report to the IRS?
Crypto.com issues Form 1099-MISC to users who earn more than $600 in income during the financial year. This form is sent to both the user and the IRS.
Crypto.com now also issues Form 1099-DA, which was introduced in 2026, to report on disposals (sales, exchanges, and spends) of crypto.
What counts as income on Crypto.com?
Income from crypto generally refers to when you receive new tokens. On Crypto.com, this can include features such as staking rewards, referral bonuses, airdrops, and other earnings.
Check out our guide to crypto taxes for more information on what counts as income from crypto.
When will I receive my form?
If you’re expecting a 1099 form from Crypto.com, you should receive it by February of the following financial year at the latest, giving you plenty of time before the April 15 tax deadline.
How do I get my 1099 Form from Crypto.com?
Crypto.com emails users when their forms are ready, and you can follow the link in the email to download them. You can also access your forms through the tax center on your Crypto.com account.
What do I need to do if I receive a 1099 form from Crypto.com?
If you receive a 1099 Form from Crypto.com, you are required to report it (and all other crypto income) on your tax return. You should also:
Review your details to ensure they're all correct.
Calculate your taxes.
Report your gains, losses, and income.
Keep thorough records.
Remember that your Crypto.com 1099-MISC only includes miscellaneous income. You still need to report any capital gains or losses from crypto, as well as any other income from Crypto.com, and other wallets and exchanges you use.
Does Crypto.com share other information with the IRS?
You're still required to report all cryptocurrency transactions to the IRS, whether you have received a 1099 Form from Crypto.com or not. The chances are, the IRS already knows about your investments anyway. They also have a legal right to request this information from Crypto.com.
Does Crypto.com report conversions to the IRS?
Yes. Crypto.com now reports conversions to the IRS through the 1099-DA form. This began in 2026 for transactions made in 2025.
What does the IRS do with the information Crypto.com provides?
In the past, the IRS has used information from 1099 forms to send warning letters to crypto investors. Differences between your tax return and your 1099 form could also raise the risk of a crypto tax audit.
Read next: Received IRS Letter 6173 or 6174? Here's What To Do
What information does Crypto.com send to the IRS?
Information that Crypto.com reports on includes user information, such as your name, address, and TIN. They also report on your transaction details, which include any proceeds.
How do I report my Crypto.com taxes to the IRS?
You need to report any gains or losses from Crypto.com to the IRS using Form 8949 and Schedule D. Additionally, you must report any income from Crypto.com on Schedule 1 (or Schedule C, depending on your filing status).
Since Crypto.com only provides tax information to users who’ve earned over $600 in income, the simplest way to report your Crypto.com taxes to the IRS is by using a crypto tax calculator like Koinly.
Report your Crypto.com taxes with Koinly
Koinly makes reporting your Crypto.com transactions to the IRS easy by automatically importing your transaction data through an API or by uploading a CSV file.
Once your data is imported, Koinly calculates your gains, losses, income, and more, and generates tax reports to help you file. Learn more about how to generate your Crypto.com tax forms with Koinly.
FAQs
Do I have to pay tax on my Crypto.com transactions?
Yes. Any gains or income from your Crypto.com transactions are taxable. Learn more in our crypto taxes guide.
Do you get a 1099 from Crypto.com?
Yes, some users will receive IRS 1099 Forms from Crypto.com. Currently, Crypto.com issues 1099-MISC forms to U.S. residents who earn more than $600 in income on the platform in a single financial year. In 2026, Crypto.com is expected to begin issuing Form 1099-DA, which will report all disposals of crypto for a given user on the platform.
Does Crypto.com send a 1099-B?
No. Crypto.com does not currently issue Form 1099-B to users or the IRS.
Does Crypto.com send a 1099-K?
No. Crypto.com does not currently issue Form 1099-K to users or the IRS.
Do I need an FBAR for Crypto.com?
You probably won’t need to file an FBAR for Crypto.com, as it’s not considered a foreign account. The FBAR (Foreign Bank and Financial Accounts) rule applies to accounts held outside the U.S. with balances over $10,000. Since Crypto.com operates domestically, this rule generally doesn’t apply. However, if you previously held assets in a foreign account or with an international version of Crypto.com, and your holdings exceeded $10,000, then an FBAR may have been required.
Do you have to report crypto under $600?
Yes. Even if you don’t receive a Form 1099-MISC from Crypto.com, your rewards may still be taxable. Many types of crypto income are subject to taxes when received, even if they’re under $600.
