The Complete 2025 Crypto Tax Guide
Everything US taxpayers need to know about cryptocurrency taxation in 2025
Last Updated: September 2025 | 13-Part Comprehensive Series
Important Disclaimer
This guide provides educational information about crypto taxation. It is not tax advice, legal advice, or accounting advice. For specific guidance on your tax situation, please consult a qualified tax professional or CPA familiar with cryptocurrency taxation.
The 2025 Crypto Tax Revolution
The landscape of cryptocurrency taxation has fundamentally transformed in 2025, marking the most significant regulatory shift since the IRS first addressed digital assets. Whether you're a casual Bitcoin holder or a sophisticated DeFi trader, these changes affect every aspect of how you track, report, and optimize your crypto taxes.
Starting January 1, 2025, cryptocurrency entered an era of unprecedented transparency. Exchanges began tracking every trade for Form 1099-DA reporting, and Revenue Procedure 2024-28 eliminated the simple universal wallet method, replacing it with mandatory wallet-by-wallet tracking.
| Change | Effective Date | Impact |
|---|---|---|
| Form 1099-DA Tracking Begins | Jan 1, 2025 | All exchange users |
| Wallet-by-Wallet Tracking | Jan 1, 2025 | Multi-wallet users |
| DeFi Broker Rules Repealed | April 2025 | DeFi users (positive) |
| First 1099-DA Forms Issued | Jan 2026 | All exchange users |
Complete Guide Series
Our comprehensive 13-part series provides in-depth coverage of every aspect of crypto taxation. Choose your topic below to dive deep into the specifics.
Compliance & Regulation
2025 IRS Crypto Reporting Revolution: Form 1099-DA Explained
Everything about the new reporting requirements, from understanding what appears on the forms to reconciling discrepancies.
Wallet-by-Wallet Tracking: Mastering Revenue Procedure 2024-28
Comprehensive coverage of the new cost basis tracking requirements that fundamentally change how you must account for crypto holdings.
Activity-Specific
DeFi Tax Deep Dive: Liquidity Pools, Yield Farming, and Protocols
Navigate the complex world of decentralized finance taxation, including LP tokens, yield farming, and protocol interactions.
Advanced DeFi Strategies and Tax Implications
Deep dive into complex DeFi strategies including leveraged positions, flash loans, and cross-chain bridges.
NFT Taxation: Creators, Collectors, and Traders
Unique tax considerations for NFTs, from minting and selling to collecting and trading digital art.
Staking Rewards and Validator Income
Tax treatment of staking rewards, validator income, and consensus mechanism participation.
Mining Income and Business Classification
Comprehensive guide to mining taxation, equipment deductions, and hobby vs business classification.
Strategy & Planning
Crypto Wash Sale Rules and Tax-Loss Harvesting
Leveraging crypto's current exemption from wash sale rules for strategic tax optimization.
State Tax Considerations Across All 50 States
Navigate state-specific crypto tax requirements, from California to Wyoming and everything in between.
International Reporting: FATCA, FBAR, and Foreign Assets
Required reporting for international crypto holdings, foreign exchanges, and cross-border transactions.
Year-End Tax Planning Strategies for 2025
Maximize your crypto tax position before December 31 with strategic planning and optimization.
Crypto Tax Preparation: Forms, Documentation, and Pitfalls
Complete guide to preparing your crypto tax return, including all necessary forms and common mistakes to avoid.
How Chain Glance Helps
Chain Glance tracks all your crypto transactions across 50+ blockchains and exports them in a format ready for tax software. We handle the complex record-keeping so you don't have to manually track every DeFi interaction, swap, and transfer.
Reminder: Chain Glance is a transaction tracking and export tool. We do not provide tax advice, prepare tax returns, or calculate tax liability. For tax calculations and filing, please use dedicated tax software like Bitcoin.Tax or consult a qualified tax professional.