Bloomberg: A large number of American cryptocurrency investors may not have disclosed their assets to the IRS

According to a report by Bloomberg, a recent study shows that many cryptocurrency investors in the United States may not have reported their digital asset holdings to the Internal Revenue Service (IRS). Tyler Menzer, an assistant professor at Texas Christian University, and his co-authors found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales, while surveys during the same period indicated that 12% to 21% of American adults had held cryptocurrency. The analysis suggests that some investors failed to accurately report income and transactions related to cryptocurrency, potentially leading to tax revenue loss.

The study found that cryptocurrency holders are more likely to hold meme tokens, are younger, and have lower incomes, with trading behaviors significantly differing from traditional stock investors. CoinTracker data shows that for the 2025 tax year, cryptocurrency investors are required to report an average of 836 transactions, with average short-term losses of $636 and average long-term gains of $2,692.