You'll need to file several tax forms for crypto trading, including Forms 1099-B, 1099-DA, 1040, Schedule D, and 8949.

Form 1099-B, Proceeds From Broker and Barter Exchange Transactions

Form 1099-B gives you the information you need to report some crypto transactions, including buying, selling, or trading. You might still receive Form 1099-B for some cryptocurrency transactions from a broker in 2025. However, the IRS has introduced a new form specifically for digital assets, Form 1099-DA, for 2025 transactions. 

Form 1099-DA, Digital Asset Proceeds from Broker Transactions

Starting with the 2025 tax year (reporting in 2026), cryptocurrency brokers, which include exchanges and some other platforms, are required to report digital asset transactions to both taxpayers and the IRS using Form 1099-DA.

You must report all digital asset transactions. There is no minimum amount threshold.  

Keep in mind that, even if you don’t get a 1099-B or 1099-DA, the IRS still requires that you report all crypto sales or exchanges on your tax return.

Form 1040, U.S. Individual Income Tax Return

Form 1040 is the primary form you’ll use to report your income (including cryptocurrency), credits, and deductions, and use it to calculate the tax you owe or your tax refund.

Schedule D (Form 1040), Capital Gains and Losses

Depending on the length of the holding period, you may have to pay capital gains tax on cryptocurrency income. You’ll report cryptocurrency capital gains or losses on Schedule D.

Form 8949, Sales and other Dispositions of Capital Assets

If you have additional information to report on your cryptocurrency capital gains or losses, such as expenses required to sell or cost adjustments, you may need to file Form 8949. You’ll also use Form 8949 to report any cryptocurrency income not reported on forms 1099-B and 1099-DA.

Cryptocurrency trading can make your taxes complicated, but the good news is our Tax Pros are always here to help. Book your appointment today.

Sharon Brucker, CPA Senior Tax Research Analyst Published on: August 07, 2025
Jackson Hewitt Editorial Policy

*This content is for general informational purposes only. It is not intended to be comprehensive and should not be construed as professional tax or financial advice for any specific individual tax situation. Taxpayers should always consult a qualified professional for individual guidance. This information constitutes a solicitation under the Treasury Department's Circular 230. Most offices are independently owned and operated.