TechFlow News, March 30: According to a CoinDesk report, Coinbase and crypto tax-tracking platform CoinTracker jointly released the “2026 Crypto Tax Preparedness Report.” The survey found that over half of cryptocurrency investors hold misconceptions about the tax rules governing digital assets: only 49% of respondents correctly understood the fundamental concept that “a taxable event occurs upon the sale of cryptocurrency,” while nearly one-quarter mistakenly believed that simple wallet transfers also trigger tax obligations.
The report also noted that users, on average, utilize 2.5 platforms or wallets; 83% use self-custodied wallets, yet only 35% have ever adjusted their cost basis. Conducted at the end of 2025, the survey covered 3,000 U.S. crypto users. Coinbase stated that the new Form 1099-DA regime suffers from over-reporting—routine activities such as stablecoin payments, small decentralized finance (DeFi) transactions, and Ethereum gas fees technically constitute taxable events but generate negligible actual tax gains.
