Are investors reporting cryptocurrency on their taxes? We surveyed 1,000 American crypto investors to find the answer — what we discovered may surprise you.
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In this report, we break down the results of our survey and use data to answer the following questions.
Are crypto-skeptics correct when they claim that cryptocurrency’s primary appeal is tax evasion?
What are the biggest reasons some investors choose not to report crypto on their taxes?
Is the percentage of crypto investors who report their taxes likely to increase in the future?
of crypto investors report cryptocurrency on their taxes.
investors who don’t report cryptocurrency on their taxes don’t know that crypto is taxable.
of crypto investors said that politicians charged with drafting tax laws do not understand cryptocurrency.
of crypto investors call current IRS guidelines on cryptocurrency somewhat or very unclear.
The survey was commissioned by CoinLedger Inc. and conducted by YouGov. The total sample size was 1000 US adults (aged 18+) who own or invest in cryptocurrency. Fieldwork was undertaken between 22nd November - 4th December 2021. The survey was carried out online.
