Block Hub · Crypto Tax Center
Is this taxable?
Pick what you did. We'll tell you how US tax rules usually treat it. Education only, not tax advice.
How Crypto Tax Center works
- Pick what you did. Bought, sold, swapped, got paid, earned staking rewards, moved between your own wallets and more.
- Read how it’s usually treated. We explain how US tax rules usually handle it, in plain English, and what records to keep.
- Take it to your tax pro. Use it to ask better questions. It’s education only, not tax advice.
- Members also get the year-end tax kit: a records checklist, a wallet-by-wallet template and questions for your accountant.
Free with your email
Sign up free to use the tax checker and every free tool in the Block Hub.
Sign up freeForm 1099-DA, explained
Crypto exchanges and other brokers now send a new tax form, the 1099-DA, to you and the IRS.
- For 2025 sales and swaps (forms sent in early 2026), the form shows what you sold for (gross proceeds), but usually not what you paid. You have to work out your own cost basis and report it on Form 8949. If you leave it blank, the IRS sees a cost of zero and may think your whole sale was profit.
- Starting with 2026 transactions (forms sent in early 2027), brokers also report cost basis for crypto bought at that broker from 2026 on.
- You may get several forms, one per broker, and a swap of one crypto for another can create one even if you never cashed out.
What to keep, all year
- What you paid for each purchase, and when.
- Every sale, swap and purchase made with crypto.
- Transfers between your own wallets (so your cost basis follows the coins).
- Staking rewards and airdrops: the date and the value when you received them.
Education only. Not tax advice. US federal rules. Last fact-checked October 2026.
Sources: IRS: Digital assets · IRS Revenue Ruling 2023-14 (staking rewards) · IRS Revenue Ruling 2019-24 (airdrops) · Gordon Law: Form 1099-DA timeline