SideBySideCrypto
Taxes December 18, 2025

Crypto Exchange Tax Reporting Features 2025

Which exchanges make tax season easier? We compare 1099 forms, transaction exports, and tax software integrations.

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Quick Verdict

Coinbase leads with built-in tax reports, direct TurboTax integration, and clear gain/loss summaries. Kraken provides excellent CSV exports and works seamlessly with crypto tax software. Gemini offers clean transaction histories but fewer automated tools. All major US exchanges issue 1099s when required.

Tax Reporting Comparison

Exchange 1099 Forms Gain/Loss Report CSV Export Tax Software
Coinbase ✅ 1099-MISC ✅ Built-in ✅ Full history TurboTax, CoinTracker
Kraken ✅ 1099-MISC ✅ History export ✅ Detailed Koinly, CoinTracker
Gemini ✅ 1099-MISC ⚠️ Basic ✅ Full history TaxBit, CoinTracker
Binance.US ✅ 1099-MISC ⚠️ Limited ✅ Full history TaxBit, Koinly
Crypto.com ✅ 1099-MISC ✅ Tax tool ✅ Full history Crypto.com Tax (free)

What the IRS Requires

Here's what you need to know about crypto taxes in the US:

⚠️ Important Tax Facts

  • • Every trade is taxable — Selling, swapping, or spending crypto triggers capital gains/losses
  • • Staking rewards are income — Taxed at fair market value when received
  • • 1099 threshold: $600 — Exchanges report income (staking, bonuses) over $600
  • • You must report even without 1099 — The IRS requires reporting regardless of forms received

Exchange Tax Features Breakdown

Best Tools

Coinbase

Coinbase has the most integrated tax experience. Their "Taxes" tab generates downloadable gain/loss reports, integrates directly with TurboTax, and partners with CoinTracker for more complex portfolios.

How to access: Coinbase → Settings → Taxes → Download reports or connect to TurboTax

✓ TurboTax direct import ✓ Gain/loss calculator ✓ Form 8949 ready
Best Exports

Kraken

Kraken provides detailed CSV exports with all the data points crypto tax software needs: timestamps, cost basis, fees, and transaction types. Works seamlessly with Koinly, CoinTracker, and other tax platforms.

How to access: Kraken → History → Export → Select date range and format

✓ Detailed transaction data ✓ Koinly integration ✓ Full history available
Free Tax Tool

Crypto.com

Crypto.com offers a free tax calculation tool that works with data from any exchange. Upload your transaction history and get gain/loss reports without paying for third-party software.

✓ Free tax calculator ✓ Multi-exchange support ✓ Form 8949 generation

Third-Party Tax Software

If you trade on multiple exchanges or have complex transactions, dedicated crypto tax software is worth considering:

Software Price Transaction Limit Integrations
Koinly $49-$279/yr 100-unlimited 400+ exchanges
CoinTracker Free-$199/yr 25-unlimited 300+ exchanges
TaxBit Free-$175/yr 500-unlimited 500+ sources
Crypto.com Tax Free Unlimited 30+ exchanges

Tax-Time Checklist

  1. 1 Export all transactions — Download CSV files from every exchange you used
  2. 2 Include wallet transfers — Moving crypto between wallets isn't taxable, but you need records
  3. 3 Track staking rewards — Each reward is income at fair market value when received
  4. 4 Choose cost basis method — FIFO, LIFO, or specific identification (be consistent)
  5. 5 Generate Form 8949 — Required for reporting capital gains/losses

Frequently Asked Questions

Will my exchange send me a 1099? +
Major US exchanges (Coinbase, Kraken, Gemini, Binance.US) send 1099-MISC forms if you earned over $600 in staking rewards, bonuses, or other income. They do NOT send forms for capital gains—you must calculate and report those yourself.
What if I didn't receive a 1099? +
You still must report all crypto income and capital gains. The 1099 is for the exchange's records and IRS reporting—your tax obligation exists whether or not you receive forms.
Is moving crypto between exchanges taxable? +
No, transferring crypto you already own between wallets or exchanges is not a taxable event. However, you need records to prove the transfer wasn't a sale.
Can I use LIFO for tax calculations? +
The IRS allows FIFO (First In, First Out), LIFO (Last In, First Out), or specific identification. Once you choose a method, be consistent. LIFO can minimize gains in rising markets but requires detailed records.

The Bottom Line

Coinbase has the best integrated tax tools with TurboTax connectivity. Kraken provides the cleanest exports for third-party software. Crypto.com's free tax tool is a solid budget option. Whichever exchange you use, export your data early—don't wait until April to scramble for records.

Compare All Exchanges