The Complete Guide to U.S. Crypto Taxes Under the New Rules
The post The Complete Guide to U.S. Crypto Taxes Under the New Rules appeared on BitcoinEthereumNews.com.
The U.S. crypto tax landscape has changed dramatically in 2026, with the IRS redefining how crypto is taxed in the U.S. It now requires centralized exchanges and NFT marketplaces to report on crypto transactions, making crypto tax reporting more transparent and comprehensive. However, there are some gray areas, particularly in DeFi, where reporting taxes can be difficult. This U.S. crypto taxes guide will help you navigate the new IRS crypto tax rules 2025 requirements, understand your tax obligations, and avoid common mistakes when filing taxes. Quick Summary — What Changed in U.S. Crypto Taxes? (2025-2026) As the IRS tightens reporting requirements, investors need a reliable U.S. crypto tax guide to navigate the changes. New IRS “Broker” definition Passed in 2021, the Infrastructure Investment and Jobs Act clarified the definition of a broker to include any person who facilitates the transfer of digital assets on behalf of other people. Based on this new definition, centralized crypto exchanges like Binance US and NFT Marketplaces like Magic Eden US have to report to the IRS. The Act also contains several changes that affect how crypto will be taxed. Mandatory 1099-DA reporting The IRS introduced the first dedicated crypto tax reporting form, which is called Form 1099-DA (Digital Asset Information Return). The crypto tax 1099 form is designed to improve transparency when filing crypto income tax. Beginning in 2025, brokers now issue this form to their customers who have traded or disposed of digital assets to report sales proceeds, cost basis, and profit and loss from all crypto transactions. Centralized exchanges → full reporting obligations The IRS requires all centralized crypto exchanges like Kraken, Binance US, and Coinbase to track all transactions, including buys, sells, and withdrawals. Under the IRS’s crypto broker rules, they must also provide complete profit and loss reporting, cost basis…
Filed under: News - @ December 19, 2025 12:20 pm