25% of investors surveyed were unaware that digital currency is taxable

​CoinLedger: most crypto investors in the USA pay taxes

17.03.2022 - 14:10

58

1 min

What’s new? 55% of US crypto investors pay taxes on cryptocurrency, according to a report by the CoinLedger platform. A survey was conducted to identify the problems associated with digital currency taxes in the United States. The survey polled 1000 US crypto investors. 70% of them believe that politicians involved in the development of tax legislation are not knowledgeable about cryptocurrencies.

Link to the CoinLedger report

What are the survey results? It turned out that 25% of US crypto investors were unaware that digital currency is taxable. 20% of respondents did not figure out how to report digital assets on their tax returns. 50% of those surveyed found the US IRS’s recommendations on cryptocurrency unclear. Only 15% of respondents stated that they intentionally avoid paying taxes.

What is known about CoinLedger? It is a tax reporting platform aimed at users of cryptocurrencies, DeFi, NFTs, and Web3. It was previously known as CryptoTrader.Tax.

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