Smart investors should be planning throughout the year for any tax ramifications related to the sale of crypto investments. Here are five elements to watch for, so you can maximize your tax savings while ensuring you don’t under-report any crypto gains. “This is a very common problem for investors and traders of crypto,” Levoritz said. Reporting Across Multiple PlatformsBeginning in 2025, crypto platforms will send Form 1099-DA (Digital Assets) to crypto investors and the IRS to track and report cryptocurrency transactions, per the IRS. If you hold your crypto longer than a year, you’ll pay the lower, long-term capital gains tax rate.