Every year, the IRS moves the goalposts on crypto taxation. New forms, new rules, and new ways to get blindsided by unexpected tax liabilities.
And every year, we cut through the confusion with one simple thing: answers.
BitIRA just published our 7th Annual Crypto Tax Q&A, where we take the most frustrating, complicated, and downright weird questions and get clear, no-nonsense guidance from our panel of world-class crypto tax experts.
If you’re wondering whether stolen crypto is tax-deductible (spoiler: it’s complicated) or what the new IRS Form 1099-DA means for you, you’re not alone.
And we’ve got you covered.
Highlights of this year’s crypto tax Q&A
Crypto investors are asking some tough questions this year, and the IRS isn’t making things easier.
Here’s a preview of what we tackle:
- “My Coinbase account was hacked, and I lost my BTC. Can I write it off?”
- “If I receive crypto as a gift, do I owe taxes when I get it?”
- “Are staking rewards taxable? How do I report them on my tax return?”
- “What’s this new IRS Form 1099-DA all about?”
- “If I lend my crypto on a DeFi platform, do I owe taxes on interest earned?”
The good news?
The answers aren’t as scary as you might think – as long as you have a crypto tax pro’s guidance on your side.
Next year, maybe skip the crypto tax headaches?
Listen: if you’re reading this, you’re already aware that crypto is the future of money. You already know you don’t want to be stuck in the past, and you’ve already decided to diversify your savings with cryptocurrency.
Now I want you to realize there’s a way to get all of the benefits of cryptocurrency ownership without the tax hassles. BitIRA customers don’t stress about tax season because they’ve chosen to open a Digital IRA.
When you diversify with crypto using a tax-advantaged retirement account, you bypass all the usual taxable events!
That’s right – no more capital gains, no more tracking cost basis of your assets, no need for transaction tracking software, no tax on trades – and most of all – no surprises when tax season rolls around.
- With a Digital IRA, you pay taxes only when you withdraw (as regular income), during retirement
- With a Digital Roth IRA, you never pay taxes on qualified withdrawals (since you funded it with post-tax dollars)
So if you ever get tired of navigating the IRS’s ever-changing crypto rules, a Digital IRA is the way to go.
On the other hand, if you enjoy the high-stakes scavenger hunt of filing your crypto taxes every year, well, more power to you.
Your crypto tax questions, answered
This tax season doesn’t have to be a stress or a mess. Read the full 2025 Crypto Tax Q&A here:
➡️ BitIRA’s 7th Annual Crypto Tax Q&A
If there’s a particular issue you’d like further guidance on, we maintain a list of the world’s leading Certified Public Accountants (CPAs) who specialize in crypto. Find your CPA Crypto Specialist here.
And, for goodness’s sake, at least consider the benefits of tax-advantaged cryptocurrency ownership! You can open a Digital IRA right here (it only takes about five minutes).
Note: The information presented in the article above is intended for educational purposes only. It is in no way meant to offer financial advice, and specific guidance about how to properly pay taxes in each individual case should be sought from a certified accounting professional.
