Does Crypto.com Report to the IRS?
Have you traded on Crypto.com in the USA? The IRS may know more about your transactions than you realize. Learn what & how Crypto.com shares info with the IRS.
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.
From 2026, Crypto.com will issue Form 1099-DA, which includes much more information about your transactions.
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, and has also launched stock and ETF trading services for select users.
Read next: Best Crypto Exchanges
Does Crypto.com report to the IRS?
Yes. Crypto.com may report your crypto transactions to the IRS. Currently, if you earn more than $600 in income through the Crypto.com platform, it may be reported to the IRS.
Starting in 2026, under current regulations, Crypto.com will be required to report additional information to the IRS using Form 1099-DA.
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.
What counts as income on Crypto.com?
Income from crypto generally refers to when you receive new tokens. This can include features on Crypto.com such as staking rewards, referral bonuses, airdrops, and other earnings.
Check out our guide to crypto taxes for more details.
When will I receive my 1099 form from Crypto.com?
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 tax deadline.
Read next: Crypto 1099 Forms
What do I need to do if I receive a 1099-MISC from Crypto.com?
If you receive a 1099-MISC from Crypto.com, you should:
Review your details. Ensure your 1099 form has the correct personal information and accurately reflects your transactions.
Calculate your taxes. You’ll owe Federal and State Income Tax (if applicable) on any crypto income, calculated based on the fair market value of the tokens in USD at the time you received them.
Report your income. Typically, you’ll report any crypto income on Schedule 1 (Form 1040).
Keep records. It’s essential to maintain thorough records of your crypto transactions in case the IRS needs to review or audit your information.
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 included in the Form 1099-MISC from Crypto.com includes:
Income information: The amount earned from staking rewards, referrals, and other similar activities on Crypto.com.
User information: Your name, address, and taxpayer identification number (TIN) provided during the KYC verification process with Crypto.com.
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.
