United States Crypto Tax Guide
Complete guide to cryptocurrency taxation in United States. Updated for 2026 with the latest IRS (Internal Revenue Service) requirements.
United States Crypto Tax Rules
How cryptocurrency is taxed by the IRS (Internal Revenue Service)
Crypto is classified as property (capital asset) by the IRS
Short-term gains (held less than 1 year) taxed as ordinary income up to 37%
Long-term gains (held more than 1 year) taxed at 0%, 15%, or 20%
Mining and staking rewards are taxable as ordinary income when received
Airdrops are taxable income at fair market value when received
Crypto-to-crypto trades are taxable events
Form 1099-DA required from exchanges starting 2025
Rev. Proc. 2024-28 mandates per-wallet cost basis tracking
Why Use Crypto Tax Software
How the Best Platforms Help United States Investors
Tailored features that make United States crypto tax reporting effortless
IRS (Internal Revenue Service)-Ready Reports
Generate tax reports that comply with United States's specific requirements. No manual calculations or guesswork needed.
Automatic Transaction Import
Connect your wallets and exchanges once. The platform imports and categorizes all your USD trades automatically.
Audit-Proof Records
Maintain detailed transaction history and reports that satisfy IRS (Internal Revenue Service) requirements in case of any inquiries.
Tax Optimization Tools
Identify tax-loss harvesting opportunities and choose accounting methods that legally minimize your United States tax burden.
Compare Crypto Tax Platforms for United States
Find the best software for your United States crypto tax needs
| Platform | Rating | DeFi/Perps | Lending | Enterprise | Wallets | Time | Price | Action |
|---|---|---|---|---|---|---|---|---|
| Awaken Tax Recommended | ✓ | ✓ | ✓ | Unlimited | <1 hr | From $69 | Try Free | |
| Koinly | ✓ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| CoinTracker | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From $59 | Visit Site | |
| CoinLedger | ~ | ✓ | ✕ | Unlimited | 1-2 hrs | From $49 | Visit Site | |
| TokenTax | ✓ | ✓ | ✓ | Unlimited | 2-3 hrs | From $65 | Visit Site | |
| BlockPit | ~ | ✓ | ✓ | Unlimited | 1-2 hrs | From €49 | Visit Site |
Important Tax Deadlines
Key dates for United States crypto tax filing
Required Forms
What to Look for in United States Crypto Tax Software
Key features that make crypto tax reporting easier for United States investors
Full IRS compliance with automatic Form 8949 generation
Schedule D preparation for capital gains reporting
1099-DA reconciliation with exchange reports
All major US exchanges supported (Coinbase, Kraken, Gemini, Binance)
Per-wallet cost basis tracking (Rev. Proc. 2024-28 compliant)
Tax-loss harvesting tools to minimize liability
Support for 10,000+ DeFi protocols
Calculate your taxes with our free tools
Our Top Recommendation
Why Awaken Tax for United States Investors
The features that make Awaken stand out for United States crypto tax reporting
Portfolio Tracking
Track your portfolio balance in real-time with automatic coin detection across all connected wallets and exchanges.
AI Transaction Tagging
Smart AI automatically categorizes your transactions. No more manual labeling of airdrops, swaps, or rewards.
Real Human Support
Actual crypto tax experts who understand your complex on-chain activity, not chatbots.
IRS (Internal Revenue Service) Compliant
Generate reports that meet United States's specific tax requirements with complete confidence.
Ready to file your United States crypto taxes?
We've done the research so you don't have to. Compare platforms and find the best fit for your United States tax reporting needs.
Track Your TaxesFrequently Asked Questions
Common questions about crypto taxes in United States
Do I have to pay taxes on crypto in United States?
Yes, cryptocurrency is generally taxable in United States. The IRS (Internal Revenue Service) considers crypto transactions as taxable events, including selling, trading, and in some cases, receiving crypto as income from mining or staking.
What is the crypto tax rate in United States?
Tax rates vary based on your income level and how long you held the crypto. Crypto is classified as property (capital asset) by the IRS Check the tax rules section above for specific rates.
When is the crypto tax deadline in United States?
The main tax filing deadline in United States is April 15 - Individual tax filing deadline. There may also be other important dates such as March 15 for Corporate tax filing deadline (S-Corps & Partnerships).
What is the best crypto tax software for United States?
Awaken Tax offers full support for United States crypto tax reporting, with automatic calculations and IRS (Internal Revenue Service)-compliant reports. Start free with up to 100 transactions.
Is crypto-to-crypto trading taxable in United States?
In most cases, yes. Trading one cryptocurrency for another is typically considered a taxable event in United States. Each trade may trigger a capital gain or loss that needs to be reported to the IRS (Internal Revenue Service).