US crypto tax rules: 61% no sabi about 2025 1099-DA

Survey wey Coinbase and CoinTracker do for US crypto users show say 61% no sabi the crypto tax rules for 2025 tax year, even though awareness of crypto tax dey increase before April 15 deadline. While 74% talk say crypto activity dey taxable, only 49% sabi correct sey taxes dey apply when person sell. One big wahala na transfers. Up to 41% mistakenly believe say moving funds go trigger taxable events. The new IRS Form 1099-DA require say make dem report gross proceeds, but brokers normally no dey give cost basis, so taxpayers must reconcile records across fragmented accounts. The survey also note heavy decentralization: average investor dey use 2.5 wallets/exchanges and 83% dey use self-custody. Coinbase criticize the compliance burden, especially cost-basis reconciliation across platforms and rule nuances about transaction fees and stablecoin reporting. E also highlight IRS proposal for electronic delivery of tax forms, wey fit change broker-user relationship if customers refuse digital delivery. For tax preparation, most users still rely on general accounting software (78%) or accountants (52%), while only 8% use crypto-specific tax tools. AI adoption dey grow: 47% use AI for calculations, 43% for personalized strategy input, and nearly 30% go use AI for the full process. Net effect: crypto tax rules fit increase short-term compliance friction for traders, but dem no likely to change long-run market fundamentals.