Coinbase report finds most U.S. crypto users misunderstand taxable events

Survey shows 61% unaware of 2025 crypto tax rules.

A new Crypto Tax Readiness report flags confusion. U.S. users struggle with basics. Source.

- Sample size 3,000 U.S. users. Fieldwork in Sep–Oct 2025. Report.
- 61% missed new 2025 rules. Report.
- Only 49% know sales are taxable. Report.
- 22% think simple transfers are taxable. Report.

Most crypto is taxed as property. Sales, swaps, and fee payments trigger gains or losses. Report.

Platforms add to the gap. Brokers will issue 1099‑DA forms on proceeds. But they miss many DeFi and DEX legs. Report.

Users juggle 2.5 platforms on average. 83% use self‑custody. Cost basis is hard to reconcile. Report.

“The story here is uncertainty.” Coinbase tax VP Lawrence Zlatkin said this. Report.