BitPay Tax Reporting
You can generate your gains, losses, and income tax reports from your BitPay investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
- BitPay exports a complete Transaction History file to all users. Simply navigate to your BitPay account and download your transaction history from the platform.
- Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
- CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
BitPay Tax Reporting
You can generate your gains, losses, and income tax reports from your BitPay investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.
- BitPay supports importing data via read-only API. This allows automatic import capability so no manual work is required.
- Connect CoinLedger to your BitPay account with the read-only API.
- Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
BitPay Tax Reporting
You can generate your gains, losses, and income tax reports from your BitPay investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
- Automatically sync your BitPay account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
- Upload your BitPay Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from BitPay and import it into CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
BitPay Tax Reporting
You can generate your gains, losses, and income tax reports from your BitPay investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:
- Automatically sync your BitPay account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
- Upload a BitPay Transaction History CSV file to CoinLedger
Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
BitPay Tax Reporting
You can generate your gains, losses, and income tax reports from your BitPay investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below:
- Navigate to your BitPay account and find the option for downloading your complete transaction history.
- Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
- CoinLedger automatically generates your gains, losses, and income tax reports based on this data.
File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.
How Cryptocurrency Taxes Work
Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.
Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.
For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.
How To Do Your Crypto Taxes
To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).
Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.
Why Can't BitPay Generate My Tax Forms?
Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of BitPay. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with BitPay's reporting is that it only extends as far as the BitPay platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of BitPay, BitPay can't provide complete gains, losses, and income tax information.
How Does Cryptocurrency Tax Software Help?
By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.
You can test out the software and generate a preview of your gains and losses completely for free by creating an account.
Learn more about how CoinLedger works here.
BitPay is a self-custody wallet, so doing your BitPay taxes works a little differently than on a centralized exchange. Whether you file by hand or use crypto tax software, it comes down to four steps:
- Gather your full BitPay history: every buy, sell, swap, transfer, and anything you spent, across every blockchain you used.
- Sort your activity. Moving crypto between your own wallets is not taxable, but disposals (selling, swapping, or spending) and crypto that comes in as income (like rewards) are.
- Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
- Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.
For a detailed explainer on reporting crypto, see our guide on how to report your cryptocurrency on your taxes.
Because BitPay is a self-custody wallet, it gives you no formal tax forms and no finished tax report: everything lives on-chain, and reconstructing it is your responsibility. That is where crypto tax software comes in. CoinLedger reads your BitPay history, connects it to every other wallet and exchange you use, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.
Do you have to pay taxes on BitPay?
Yes. In the US and most other countries, your BitPay activity is subject to two kinds of tax:
- Capital gains tax. When you dispose of crypto (selling it, swapping one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it. Transferring crypto between wallets you own is not a disposal and is not taxable.
- Income tax. When you earn crypto (through rewards), you recognize ordinary income equal to its fair market value at the time you received it.
For a full breakdown, read our complete guide to cryptocurrency taxes.
Is spending crypto with BitPay taxable?
Yes, and this is the part people miss. Spending cryptocurrency is a disposal, just like selling it. If you used the BitPay Card, or paid a merchant or bill through BitPay, each purchase disposed of some crypto, and you recognize a capital gain or loss based on how that crypto's price moved between when you acquired it and when you spent it.
The catch is record-keeping: many small purchases each create their own taxable event, so a year of everyday spending can be a lot of transactions to reconstruct. (Note that the BitPay Card is not currently open to new applicants; this applies to past card activity and to any crypto you still spend through BitPay.)
What tax forms does BitPay provide?
None, for wallet and card users. BitPay's wallet is self-custody: it holds no personal information and does not act as a broker, so it does not issue Form 1099-DA, 1099-MISC, or 1099-B. (BitPay issues a 1099-K only to high-volume merchants who use it for business payment processing, which does not apply to ordinary wallet or card users.)
You may have read that self-custody wallets were about to be required to issue 1099-DA. They are not. The IRS rule that would have required decentralized platforms to report like brokers was repealed in April 2025, so no reporting requirement applies to a self-custody wallet like BitPay. Reconstructing your history and self-reporting it remains your responsibility.
Does BitPay report to the IRS?
No. Because the BitPay wallet is non-custodial and collects no personal information, it does not report your activity to the IRS.
That does not make your activity invisible. Transactions on public blockchains are permanent and visible on-chain, and the IRS has worked with analytics firms such as Chainalysis to link wallet addresses to the people behind them, especially once funds touch a KYC exchange. And no reporting does not mean no tax: US persons owe tax on every disposal, including crypto they spend, and must self-report it whether or not anyone sends a form.
Why isn't my BitPay tax report accurate on its own?
BitPay only sees the activity tied to your BitPay wallet. Because investors move crypto across many wallets, chains, and exchanges, no single wallet can see the original cost basis of assets you moved in from somewhere else, so it cannot calculate your gains and losses correctly.
Example: why transfers break your cost basis
Priya buys $1,000 of BTC on a centralized exchange. She transfers it to her BitPay wallet, and later spends it on a purchase when it is worth $1,500.
BitPay only sees the $1,500 spend, not the $1,000 Priya originally paid. Without her cost basis, her $500 gain cannot be calculated correctly, and the full $1,500 could be treated as a gain.
The fix is to bring every wallet, chain, and exchange into one place so your cost basis follows your crypto everywhere it goes. That is exactly what crypto tax software like CoinLedger does.
How to file your BitPay taxes in minutes
The most reliable way to import BitPay is a file upload from the desktop app.
- In the BitPay desktop app, open Settings, select your key, and choose the wallet you want.
- Open Transaction History and choose Export to file to download a CSV. (The mobile app does not currently support exporting.)
- In CoinLedger, go to Add Account, choose the BitPay tab, and upload your file. Do not open or edit it first.
Because the BitPay wallet is self-custody and on-chain, you can also import your history by wallet address: in CoinLedger, add each blockchain address you used and let CoinLedger pull your transactions directly from the chain. Full steps are in our BitPay file import guide.
Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.
Get started with CoinLedger today
Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.
Get started with a free account today.
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