How is cryptocurrency tax reported?

Tax information will be generated and reported by Cryptocurrency Service Provider. If applicable, your Cryptocurrency Service Provider 1099 can be found in the Tax Forms area of Client Portal. Please note, Cryptocurrency Service Provider does not provide tax forms for non-US Taxpayers. Cryptocurrency Service Provider encourages taxpayers to discuss their tax reporting obligations with a tax professional and decide what is best for their situation. Should you have any questions regarding your Cryptocurrency Service Provider 1099 or the availability of your Cryptocurrency Service Provider 1099, please contact Cryptocurrency Service Provider Client Services directly. 

You should consider your own associated tax obligations (including but not limited to capital gains tax, if any) and seek professional tax advise where you need one. IBKR does not provide any financial or tax advice. 

Note

  • The only tax lot method currently supported is FIFO.
  • A separate cryptocurrency section will also be visible within your Activity Statement.

All exchange and custody services in connection with trading and holding cryptocurrency tokens and other digital asset tokens through IBKR trading platforms are provided by Cryptocurrency Service Providers. Learn more.

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