Does the IRS know if you sold crypto? In 2025, the answer is yes — and it's now automated, not guesswork.
If you've been trading Bitcoin, Ethereum, or any digital asset and wondering whether the IRS is actually tracking your crypto sales, this video breaks down exactly how the new reporting rules work. Major custodial exchanges like Coinbase, Kraken, Gemini, and Fidelity Crypto are now legally required to file Form 1099-DA, sending your transaction data straight to the IRS. But the rules aren't the same everywhere — decentralized platforms, unhosted wallets, and Bitcoin ATMs each have different reporting obligations, and knowing where you stand could save you from a costly audit.
In this video, you'll learn:
Which platforms are required to report your crypto sales to the IRS
The difference between "covered" and "noncovered" crypto assets
Why DeFi users and high-frequency traders face higher audit risk right now
What cost-basis reporting means and when it fully kicks in
Why you shouldn't wait for a 1099-DA to start organizing your records
Crypto tax reporting is evolving fast, and IRS crypto tracking is only getting stricter as more exchanges comply with these new rules. Whether you trade occasionally or actively use DeFi platforms, understanding your reporting obligations now can protect you from surprises later.
Watch the full video to understand exactly where you stand — and don't forget to like, comment your questions below, and subscribe for more clear, no-nonsense crypto tax updates.
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