Explicación sobre formularios de impuestos: una guía para los formularios de impuestos y los informes sobre criptomonedas de EE. UU.

If you’re reading this, it’s probably everyone’s favorite time of year: tax season. As you figure out your tax bill, you might come across different forms and reports that try to capture how you used your crypto — whether you sold, staked, or HODLed. Figuring out what you owe on your assets can be tricky, even for the most seasoned tax professionals, so to help you avoid any issues with Uncle Sam, let’s break down a few common forms. We’ll explain what’s on each document, why you received it, and when you’ll need it. 

Crypto can be taxed in two ways: either as income (a federal tax on the money you earned), or as a capital gain (a federal tax on the profits you made from selling certain assets). When required by the IRS, the crypto exchange or broker you use, including Coinbase, has to report certain types of activity directly to the IRS using specific forms and provide you with a copy. As a taxpayer, you’ll also need to report any taxable activities on these forms to the IRS on your tax return. 

1099-MISC

Did you stake any crypto or earn crypto rewards this year using Coinbase? For the tax year 2025, if you earned more than $600 in crypto, we’re required to report your transactions to the IRS as “miscellaneous income,” using Form 1099-MISC — and so are you. Even if you earned staking or rewards income below the $600 threshold, you’ll still have to report the amount on your tax return. Learn how the IRS taxes crypto.

1099-DA

Did you sell or exchange crypto this year? Beginning tax year 2025, we’re required to report your sale and exchanges to the IRS using the new Form 1099-DA. We’ll report gross proceeds only for tax year 2025 and then for tax year 2026, we’ll report both gross proceeds and cost basis to you. You’ll still want to track all your sales and exchanges with Coinbase and other crypto exchanges to ensure you’re reporting correct amounts on your tax return. Learn how the IRS taxes crypto.

1099-B Did you trade futures, commodities, options, and other financial instruments? You’ll receive a Form 1099-B from Coinbase. For example, if you traded futures via Coinbase Financial Markets, you may receive a Form 1099-B. Learn how the IRS taxes crypto. Learn more about Coinbase Futures

While exchanges or brokers may only need to report certain income to the IRS, your responsibility as a taxpayer doesn't end there. You’ll want to make sure that you are tracking and keeping records of your own reportable activities so that you can accurately file your tax returns. 

The reports below aren’t official IRS forms — they’re generated by Coinbase and intended to help you get started with your own calculations.

Gain/loss report

As the name suggests, your gain/loss report is a roundup of every transaction you made on Coinbase that resulted in a capital gain or loss, like selling, spending, or converting crypto.

Here’s a quick rundown of what you’ll see:

• For each transaction for which we have a record, Coinbase calculates your gain or loss by taking the proceeds you received, and subtracting the cost basis (i.e., the price at which you originally bought or received your crypto). 

• Your gains or losses can either be long term (if you held your crypto for more than a year before selling or disposing of it) or short term (if you held it for less than a year). 

• Coinbase customers can manage their cost basis method in their tax center settings, where they can choose between a HIFO (highest in, first out), LIFO (last in, first out), and FIFO (first in, first out). Whatever method you use can impact your return, so make sure to consult a tax professional before choosing a strategy.

• Your gain/loss report will only include transactions you made using your Coinbase account. It won’t include activity from other platforms or Coinbase products, like Coinbase Wallet, Coinbase Pro, or Coinbase Prime.

• If you sold crypto on Coinbase that was originally acquired outside of Coinbase (i.e. if you transferred an asset from a different exchange), then Coinbase won’t have information about your purchase details. Please speak with your tax professional. Explore offers from our tax partners.  If you use Coinbase, you can sign in, navigate to Taxes, click ‘View Documents’, and generate your gain/loss report under the ‘Custom Reports’ section.

Raw transaction report

If you would like to manually calculate your gains/losses, you can use your raw transaction report to reconcile all of your gains and losses before filing your taxes. This report lists the cost basis of all of your transactions without their associated gains and losses.

If you do your own taxes, you’re probably used to packaging up your data into these templates from the IRS. But if you’re new to filing your taxes yourself, or just curious about these forms, here’s a quick overview.

Form 1040: Also known as the U.S. Individual Income Tax Return. This form is used to determine your total taxable income. 

Form 8949: This worksheet is relevant to your capital gains or losses from selling, converting, or otherwise disposing of your crypto. Any gains or losses must be reported to the IRS, on IRS Form 8949.  Schedule 1: Part of your tax return, this form is called Additional Income and Adjustments to Income. Use this form to report your relevant crypto income. Schedule 1: Part of your tax return, this form is called Additional Income and Adjustments to Income. Use this form to report staking, mining or other income from your 1099-MISC.

1040 Schedule D: Commonly referred to simply as “Schedule D" — this form is the part of your tax return that summarizes your capital gains and losses.

FAQs on crypto transactions: The IRS also refers to crypto as “virtual currency.” Check their website for explanations and examples of common tax questions.

Disclaimer

Coinbase doesn't provide tax advice. Information here is provided to help customers understand their taxes, but should be reviewed before a customer uses it to file their taxes. To ensure this information works for you, please work with a professional.