Yes, Crypto.com reports your digital asset activity to the IRS through 3 forms, each covering different transactions or income. Form 1099-DA covers crypto sales, trades, and spends; Form 1099-B covers futures and options, and Form 1099-MISC reports Earn, Lock-Up, and referral income above $2000 for payments made on or after January 1, 2026. Together, these forms give the IRS multiple data points to cross-check against your tax return.
For 2025, Crypto.com left the cost basis off Form 1099-DA to reduce errors during the initial rollout. Industry-wide cost basis reporting has begun for transactions on or after January 1, 2026, so Crypto.com is expected to include it for tax year 2026. Previously, this threshold was $600, but it was incremented in the One Big Beautiful Bill Act.
This guide explains what each form reports, how the IRS can cross-check the information, why rewards can create overlooked cost basis issues, and how to report your Crypto.com activity correctly in 3 steps.
Key Takeaways
- Yes; Crypto.com issues Form 1099-DA to the IRS for crypto sales, trades, and spends, plus a separate Form 1099-B for futures and options contracts, no dollar minimum on either.
- Crypto.com also reports Earn, Lock-Up, and referral rewards of $2000 or more on Form 1099-MISC for payments made on or after January 1, 2026, the reporting threshold is now $2,000, futures and options activity on Form 1099-B with no minimum threshold.
- Crypto.com has never been served an IRS John Doe summons, but the IRS does not need one to link your identity to your trades. It already has your name, Taxpayer Identification Number (TIN), and transaction data.
How Crypto.com Reports to the IRS?
As stated above, Crypto.com sends the IRS three different forms, not one, spot trading, futures, and rewards income each get reported separately. The table below breaks down what each form covers for tax year i.e, 2026; confirm current thresholds before relying on them, since Crypto.com has changed its reporting before, dropping Form 1099-K after it caused confusion for filers.
Form / Requirement | Status for Tax Year 2026 |
Form 1099-DA for gross proceeds | Required for sales, crypto-to-crypto trades, and spending crypto on goods or services. No minimum threshold. |
Form 1099-DA for cost basis | Scheduled to be added for transactions on or after January 1, 2026, consistent with the industry-wide phase-in. Crypto.com has not published its own confirmation of this for 2026 specifically, its most recent guidance only covers the 2025 tax year, where it chose not to report basis at all. |
Form 1099-MISC for Earn, Lock-Up, referral income | Required once combined rewards reach $2,000 or more for payments made on or after January 1, 2026. This income also establishes your cost basis in the rewarded crypto at the time you receive it. |
Form 1099-B for futures and options | Required for any regulated futures or options contract activity through the Crypto.com app, regardless of size. Reports realized and unrealized profit/loss separately from your spot trading activity. |
Form 1099-K | Not currently issued. Crypto.com filed this form until the 2023 tax year, but discontinued it after it caused confusion for both taxpayers and the IRS. |
Backup withholding | Not applied for tax year 2026. IRS Notice 2025-33 extends relief from the 24% backup withholding requirement (Section 3406) through calendar year 2026. |
CARF (Crypto-Asset Reporting Framework) | The US is not a formal CARF signatory. Form 1099-DA serves as the domestic equivalent, and cross-border information exchange for US persons currently runs through FATCA treaties rather than CARF. |
Crypto.com delivers all applicable forms by email to your registered address, typically by mid-February, with a link to download each one.
How Does the IRS Track Your Crypto.com Transactions?
A single form rarely tells the whole story of what the IRS knows. Between the identity data collected at signup, the way separate 1099 forms get cross-referenced against each other and your return, and the government’s standing legal authority to demand records from any exchange, Crypto.com users have more points of exposure than the 1099-DA alone suggests.
Account Verification and Identity Data on File
This tracking starts with the information Crypto.com collects when you verify your account. Crypto.com collects your name, address, and Tax Identification Number (TIN) during account verification, and that information accompanies every 1099-DA, 1099-MISC, or 1099-B it files. Since rewards income and trading activity are reported through separate forms, your identity is attached to each form independently. As a result, a mismatch on any one of these forms, rather than just an issue with your trading history, can draw the IRS’s attention.
Cross-Form Matching and IRS Underreporter (AUR) Review
Once these forms reach the IRS, the information can be compared not only with your tax return but also across multiple forms from the same payer. The IMF Automated Underreporter program can cross-reference multiple 1099s from the same payer, allowing the IRS to identify inconsistencies across different types of crypto activity.
For example, if your 1099-MISC reports Earn rewards but your return does not reflect the cost basis those rewards should have created, or your 1099-B reports futures activity that does not appear on Form 6781, the mismatch can surface even if the figures on your 1099-DA appear correct on their own. Depending on the circumstances, this could result in a CP2000 notice or a CP2501 notice.
Legal Authority Beyond Voluntary Reporting
Crypto.com has not been served an IRS John Doe summons, the type of court-authorized order that compels an exchange to hand over bulk customer records, used against Coinbase and Kraken in past years. That clean record doesn’t mean Crypto.com is exempt from the same legal exposure; the IRS can pursue a John Doe summons against any exchange with US customers if it has reason to believe a class of taxpayers is underreporting, regardless of that exchange’s prior compliance history.
Why Your 1099-DA May Not Match Your Actual Gain?
Your 1099-DA may not match your actual crypto gain because Crypto.com’s reported cost basis may not cover every asset you sold. For example, Earn and Lock-Up rewards establish a basis when you receive them, while crypto transferred from another exchange carries its original purchase basis. If Crypto.com lacks a verified purchase record for either, it may report the proceeds without the corresponding basis, making your gain appear higher than it actually is.
This is common for users who earn rewards and later sell them or move crypto between multiple platforms. For example, Marcus earned 0.05 BTC in Crypto.com Earn rewards, creating a $2,800 basis when received, and transferred 0.15 BTC from Coinbase with a $9,600 original basis. He later sold all 0.2 BTC for $19,000, but his 1099-DA showed $19,000 in proceeds with no basis. His actual gain was therefore $6,600, not $19,000.
That difference can create problems if you rely only on the 1099-DA when filing. Without records supporting the $12,400 combined basis, the IRS could treat the full $19,000 as taxable gain, potentially leading to a CP2000 notice. Therefore, if you earned Crypto.com rewards or transferred crypto from another platform, reconstruct the basis for each source before filing. KoinX can track reward-based and transferred-in crypto basis to help you report the correct gain.
How to Download Your Crypto.com 1099-DA and Transaction History?
Crypto.com delivers tax forms differently than the other exchanges covered in this series. Everything arrives by email, which means knowing what to expect in your inbox matters more here than it does elsewhere.
Download your Form 1099-DA
Crypto.com does not offer a way to download your 1099-DA, 1099-MISC, or 1099-B directly from its website or app. Instead, you’ll receive an email from no-reply@crypto.com once your forms are ready, typically by mid-February, with a link to download them.
One thing worth knowing before you click anything: some users have reported receiving these emails from no-reply@serviceinfo.crypto.com instead, which understandably raises doubts about whether the email is legitimate.
If you’re unsure whether an email claiming to be from Crypto.com is real, don’t click the link, contact Crypto.com support directly through in-app chat and ask them to send the download link there instead, so you know it’s coming straight from them.
Download Your Transaction History
Crypto.com lets you export three separate transaction records, each covering a different part of your account, Token Wallet activity, Cash Wallet activity, and Crypto.com card activity, so you may need to run more than one export to capture everything relevant to your taxes.
Export your Token Wallet History (Crypto Trades, Transfers, Rewards):
- On the Accounts page, tap the History icon in the top-right corner.
- Tap Export in the top-right corner.
- Select Token Wallet, choose your start and end date (January 1 – December 31, 2026), and tap Export to CSV.
- Once the report is ready, tap Download to save it to your phone.
Export your Cash Wallet History:
- On the Cash Wallet page, tap Export in the top-right corner.
- Choose your start and end date, then tap Export to CSV.
- Tap Download once the report is ready.
Export your Crypto.com Card History:
- On the Card tab, select More, then Settings.
- Select Export Transaction History.
- Choose Crypto.com Card as the transaction type and select your date range.
- Select Export to CSV, then download the file to your device.
Note: Two limits worth knowing before you start: each export covers up to 3 years of transactions at a time, and downloads are only available for 30 days after you generate them, so don’t leave a file sitting unclaimed if you’re pulling records for more than one tax year.
Once you have your transaction records exported, integrate your Crypto.com account to KoinX to reconstruct cost basis across all three of Crypto.com’s forms, Earn and Lock-Up rewards, crypto transferred in from other platforms, and anything left uncovered by the 2026 basis rollout. This helps you reconcile your actual gains against what’s actually reported on your 1099-DA, 1099-MISC, and 1099-B.
Common Misconceptions About Crypto.com and IRS Reporting
Crypto.com’s three-form reporting structure creates confusion that single-form exchanges don’t run into as often. Several misconceptions come from users assuming one form covers everything, or that a form’s absence means an activity went unreported. Understanding which form tracks what, and what “not reported” actually means for your filing obligation, clears up most of the confusion below.
My Earn and Lock-Up Rewards Aren't Taxable Until I Sell Them
Rewards income is taxable as ordinary income the moment you receive it, not when you eventually sell the underlying crypto. Crypto.com reports this on Form 1099 MISC once your combined rewards reach $2,000 or more for payments made in 2026. Selling that crypto later triggers a second, separate capital gains calculation based on its value at the time you originally received it.
My 1099-B Covers All of My Crypto.com Activity
Form 1099-B only reports regulated futures and options contracts, nothing else. Your ordinary crypto sales, trades, and spends are reported separately on Form 1099-DA. Receiving a 1099-B doesn’t mean your spot trading activity was folded into it, and assuming otherwise can leave real disposals unreported on your return.
Since Crypto.com Didn't Report Cost Basis in 2025, I Don't Need to Calculate It
Crypto.com’s decision to leave cost basis off the 2025 form was about what it sends the IRS, not about your personal filing obligation. You’re still required to calculate your own gain or loss using your own records and report it accurately on Form 8949, regardless of what the form itself shows.
Crypto.com Hasn't Faced a John Doe Summons, So It's Off the IRS's Radar
A clean summons history isn’t the same as reduced exposure. The IRS can pursue a John Doe summons against any exchange with US customers whenever it has reason to believe a group of taxpayers is underreporting, regardless of that exchange’s track record with prior enforcement action.
Small Trades and Rewards Won't Get Reported
Neither Form 1099-DA nor Form 1099-B carries a minimum threshold, a $1 disposition or contract trade is reportable on the same terms as a much larger one. Form 1099 MISC has a reporting threshold for rewards income. The threshold is $2,000 for payments made in 2026 tax year. This threshold applies specifically to rewards income and not to trading activity.
How to Report Your Crypto.com Trades Correctly?
Reporting Crypto.com activity correctly requires you to work across 3 different forms and 2 different tax schedules, with an additional form required if you traded futures or options. Because each form covers a different type of activity, skipping or overlooking even one can create a mismatch between what you reported on your tax return and what the IRS received from Crypto.com. To avoid that, follow these 3 steps.
Step 1: Calculate Your Actual Gain or Loss Across All Sources
Start with your full transaction history rather than relying on the proceeds shown on your 1099-DA. For each disposition, calculate your gain or loss by subtracting your actual cost basis from the proceeds, while keeping the basis separate for crypto you bought directly, crypto you received as rewards, and crypto you transferred in from another platform. T
This gives you the actual gain or loss before you compare it with the information reported by Crypto.com. KoinX automates this process across all 3 sources and applies the correct basis method to each.
Step 2: Reconcile Each Form Against Your Own Records
Once you have calculated your actual gain or loss, compare it with the information reported on your 1099-DA. Then, separately verify the rewards income reported on your 1099-MISC and the futures figures reported on your 1099-B against your own transaction records.
Since a mismatch on any one form, not just the 1099-DA, can draw IRS attention, each form needs its own reconciliation rather than a single review of your Crypto.com activity.
Step 3: File the Correct Forms for Each Activity Type
After reconciling your records with all 3 forms, report each type of activity on the correct tax form. Report crypto sales and trades on Form 8949 and then carry the results to Schedule D. Report Earn, Lock-Up, and referral income on Schedule 1.
If you traded futures or options, report those transactions separately on Form 6781, which applies the special 60/40 long-term and short-term tax treatment to Section 1256 contracts. Finally, keep documentation for all 3 types of activity in case a CP2000 notice asks you to explain a discrepancy.
Conclusion
Crypto.com reports different types of activity to the IRS through different forms: spot trading through Form 1099-DA, rewards income through Form 1099-MISC, and futures activity through Form 1099-B. However, having multiple forms does not mean they capture your complete tax position. Cost basis was not included for 2025 transactions, and even with basis reporting beginning for 2026 transactions, transferred in crypto and rewards activity can still leave gaps.
For this reason, you should reconcile all your Crypto.com activity against your own transaction and cost basis records rather than relying on the 1099-DA alone. This becomes especially important if you earned Earn or Lock Up rewards or sold crypto originally purchased elsewhere. If you want to simplify this process, get registered on KoinX. It can connect with Crypto.com and automatically reconcile your transactions, cost basis, and the information across your tax forms in one place.
Frequently Asked Questions
Will I Get a Tax Notice if I Traded on Crypto.com but Didn't File?
Yes. A tax notice is possible if you traded on Crypto.com and didn’t report it. The IRS’s Automated Underreporter system can cross-check multiple Crypto.com forms, 1099-DA, 1099-MISC, and 1099-B, against your filed return. An unreported disposition, rewards amount, or futures gain can trigger a CP2000 notice or an earlier warning letter, such as CP2501.
Does Crypto.com Withhold Tax on My Crypto Trades?
Crypto.com does not withhold tax on your trades for tax year 2026. IRS Notice 2025-33 extends relief from the 24% backup withholding requirement through calendar year 2026. Backup withholding on digital asset sales is scheduled to begin on transactions from January 1, 2027, generally only when a valid TIN isn’t on file.
What Happens if My Crypto.com 1099-DA Doesn't Show Cost Basis?
If your 1099-DA doesn’t show cost basis, it’s likely because of the year or the source of the asset. For 2025, Crypto.com chose not to report cost basis at all. For 2026 onward, basis reporting is scheduled to apply, but only where Crypto.com has a verified purchase record, rewards income and crypto transferred in from other platforms may still show no basis, leaving you responsible for calculating and documenting it yourself.
Do I Need to Report Crypto if I Only Held It on Crypto.com Without Selling?
You don’t need to report crypto you only held on Crypto.com without selling, holding isn’t a taxable event. Earn, Lock-Up, and referral rewards are the exception, those are taxable as ordinary income the moment you receive them, regardless of whether you later sell the underlying crypto.
