There are two main categories for reporting crypto on your taxes in the United States - capital gains are reported on the Form 8949 while crypto income (crypto acquired from staking, mining, interest, airdrop, forks, payments) is reported on various other IRS forms. This guide outlines which tax reports you'll want to send to your tax professional.

After purchasing your tax reports, you’ll have access to everything you need to report your crypto activity on your taxes. You can download your tax reports by heading to the Tax Reports page in your CoinLedger account. From there, navigate to the Tax Report Downloads menu on the right side of your screen. This is where you can view and download all of your tax reports.

First, you'll want to download the IRS 8949 under the IRS Forms tab on the Downloads menu. You will be able to download either the consolidated or full versions of the IRS Form 8949 here. These are the main files you'll need to report your capital gains or losses from crypto on your taxes. Here's a breakdown of each of these forms:

The Full Report lists each taxable disposal in detail. Depending on your trade volume this could be one page or several pages.

The consolidated Form 8949 is a 2-page PDF file that summarizes your net gains/losses into one line. The consolidated report should be filed along with the CSV attachment.

On the first page Part I summarizes your short-term transactions:

On the second page Part II it summarizes your long-term transactions:

The IRS requires that you report each taxable disposal in detail, either on the Form 8949 or on an attached statement. If your accountant chooses to use the consolidated Form 8949, it is a requirement to include the copy of the CSV attachment for short-term and long-term gains.

Short-Term Gains CSV

Long-Term Gains CSV

If you're filing a consolidated Form 8949 it's important to share these additional CSV attachments with your tax professional or attach it to your return if you're filing independently. This is in accordance with IRS 8949 instructions:

If you received any crypto income this year (such as crypto acquired from staking, mining, interest, airdrop rewards, forks, gifts, or payments) then you should also download the Income Report. This will give you a file with all your ordinary income from your crypto activity to report on your tax return. This Income Report should also be sent to your tax professional along with your Form 8949. To find out whether you have taxable income to report, navigate to the Taxable Income menu on the Tax Reports page. If you see anything listed on this menu, then you can have crypto income to report.

Crypto income does not always fall neatly into one simple tax category. This means that crypto income from mining, staking, airdrops, etc. gets reported on various different tax forms depending on the type of income as well as your specific tax situation. The Income Report provided by CoinLedger is not a filing document but rather a supplementary resource that you (or your tax professional) can use to fill out these relevant ordinary income tax forms, such as the Schedule 1, Schedule B, and Schedule C. CoinLedger's Income Report should be used to accurately fill out these forms.

This article outlines different options for reporting crypto income. Your tax professional can confirm the best way to report each income type.

If you used an e-filing service you may be required to mail the Form 8453 which is a supplementary document for e-filers. This article explains more.