What are the tax changes that affect crypto taxes in 2026? Beginning this year, the IRS Form 1099-DA will be required to report cost basis of crypto sold or disposed of, in addition to the gross proceeds. In 2025, brokers only had to report "gross proceeds" (what you sold it for). You will receive this new form in early 2027 to help you file your 2026 taxes. It mirrors the Form 1099-B used for stocks. In 2025, you had to track cost basis separately for each wallet or exchange. This did not change for 2026. If you sell Bitcoin on Coinbase, you can only use the cost basis of Bitcoin actually held on Coinbase at that time. You cannot "match" it against Bitcoin sitting in a separate hardware wallet to manipulate your gains/losses. Outside the U.S., 48 countries (including the UK and EU members) began implementing the Crypto-Asset Reporting Framework (CARF) on January 1, 2026. Exchanges in these jurisdictions must now collect detailed user data and transaction history to be shared internationally starting in 2027. The European Union's DAC8 directive also officially took effect on January 1, 2026, standardizing crypto reporting across all member states. While not yet law as of early 2026, there is ongoing legislative discussion regarding applying "wash sale" rules to crypto, which would prevent you from claiming a loss if you rebuy the same asset within 30 days. Presently you can still sell crypto at a loss and repurchase the same crypto immediately without having to defer any losses incurred. Other legislation includes having a de minimis exemption on the amount of crypto sales that would be considered to be taxable. States are also looking to change crypto tax laws. Things continue change with crypto tax laws. Make sure to stay on top of the changes.