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Crypto Tax in United States
Tax authority: IRS · Last updated: 2026
Overview
| Classification | Property |
| Capital Gains Tax | 0% / 15% / 20% (long-term), ordinary income rates (short-term) |
| Holding Period | 1 year for long-term rates |
| Cost Basis Method | FIFO, LIFO, HIFO, Specific Identification |
| Reporting Forms | Form 8949, Schedule D, Schedule 1 |
Key Rules
- •Crypto is taxed as property, not currency
- •Every trade, swap, and spend is a taxable event
- •Staking and mining rewards are taxed as ordinary income
- •Tax-loss harvesting is allowed (no wash sale rule for crypto yet)
- •Must report on tax return even if no gains
Best Crypto Tax Software for United States
Disclaimer: This guide is for informational purposes only and does not constitute tax advice. Crypto tax rules change frequently. Consult a qualified tax professional in United States for advice specific to your situation.