Treasury Considers Additional Cryptocurrency Tax Guidance

The Treasury Department is considering additional guidance on cryptocurrency tax reporting and staking, a department official said.

Centralized cryptocurrency exchanges, such as Coinbase Global Inc., were required to start reporting 2025 crypto sales this year. Adjusted basis reporting, which incorporates how much a customer paid for the assets, kicks in a year later.

But Coinbase is still building out a system to be able to take instructions about the crypto transactions from its customers, which is required under the regulations, said Ryan Au, a the company’s director of global tax compliance, planning, and audit, during a Monday panel at Practising ...