Two-thirds of crypto investors unaware of new IRS tax rules that could cost them thousands of dollars, Coinbase and CoinTracker warn

Core Insights - Nearly two-thirds of US crypto investors are unaware of new IRS reporting rules that could result in fines up to $100,000 [1][3] - A significant knowledge gap exists among investors regarding crypto taxation, highlighting the need for better education and resources [2][6] Group 1: Tax Awareness and Compliance - 61% of surveyed crypto investors do not know about specific new IRS rules for reporting 2025 taxes [1] - 74% of crypto users acknowledge that their activities are taxable, yet only 56% rate their knowledge of crypto taxes as excellent [6] Group 2: Challenges in Tax Reporting - Individual investors must calculate and reconcile their own adjusted cost basis, as brokers are not required to provide this information to the IRS for 2025 [4] - The complexity of managing transactions across multiple wallets and exchanges makes manual reconciliation of crypto taxes nearly impossible for many investors [5] Group 3: Investor Demographics - The survey indicates that crypto investors are increasingly mainstream, with 76% also investing in traditional stocks and 83% holding other assets like bonds, property, or commodities [7]