The 2023 Annual Crypto Tax Report

How many crypto investors are reporting cryptocurrency on their taxes? We conducted a survey to find out the answer.
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In this Annual Crypto Tax Report, we’ll break down the results of our survey — and use the data to understand how crypto tax reporting will change in the future.

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What Percent Of Crypto Investors Pay Their Taxes?

While crypto tax reporting rates have increased over time, there are still a large portion of investors who don’t report crypto on their taxes.

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Do Investors Understand Which Crypto Transactions Are Taxable?

Even investors who accurately report their crypto taxes have trouble correctly identifying taxable transactions.

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Why Aren’t Investors Reporting Their Crypto Taxes?

Many investors only report cryptocurrency when they have gains — despite the fact that crypto losses come with tax benefits!

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Methodology

The survey was commissioned by CoinLedger Inc. and conducted by YouGov. The total sample size was 305 US adults (aged 18+) who own or invest in cryptocurrency. Fieldwork was undertaken between 12/2/2022-12/8/2022. The survey was carried out online.

KNOWLEDGE

More Crypto Tax Resources

The Ultimate Crypto Tax Guide (2024)

This guide breaks down everything you need to know about cryptocurrency taxes, from the high level tax implications to the actual crypto tax forms you need to fill out.

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Crypto Tax Rates 2024: Complete Breakdown

Here’s how much tax you'll be paying on your income from Bitcoin, Ethereum, and other cryptocurrencies.

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How Crypto Losses Can Reduce Your Taxes

Crypto and bitcoin losses need to be reported on your taxes. However, they can also save you money.

How crypto losses lower your taxes