Crypto annual worksheet 2026

Digital assets are generally property for federal tax. Investment disposals can create capital gains or losses generally detailed on Form 8949 and summarized on Schedule D, subject to the applicable instructions and exceptions.

Reconcile the complete capital result with all other capital records, valid adjusted basis and transaction costs. Reward receipts and business activity may require different forms. This worksheet does not replace Form 8949, Schedule D or a complete tax return.

Broker reports need reconciliation: The Form 1099-DA framework generally begins with 2025 proceeds reporting; covered-unit basis reporting applies from 2026 under the broker rules. A form may not contain your complete transfer or acquisition history. Check the relevant year’s instructions and correct missing records.

A worksheet is only as reliable as its underlying records. Preserve the facts needed to support acquisition, ownership, identified units, USD valuation, transaction costs and disposal:

The applicable wallet/account and broker rules may use the FIFO method when no valid timely specific identification exists. With recurring purchases each acquisition has its own basis and holding history. Apply the current identification rules to the actual disposal; do not select convenient lots after the fact.

This worksheet accepts acquisition and disposal totals for units you have already assigned. It has no quantity or wallet-matching inputs, so it cannot perform automatic FIFO allocation. Review a quantity-based example in the separate FIFO calculator in the US tax guide.

A realized investment loss can affect the capital netting calculation. Classify short- and long-term results, then follow the annual netting and deduction rules:

• Annual netting: Net losses against gains in the appropriate short- and long-term categories before cross-category netting.
• Ordinary-income deduction: An excess net capital loss generally permits up to $3,000, or $1,500 for married filing separately, subject to return limits. Ordinary individual investment losses do not receive a general capital-loss carryback.
• Carryover: Use the full carryover worksheet for remaining losses and their category. This simple estimate excludes prior-year carryovers.

Before acting: Review tax-loss harvesting with costs, other capital results, transaction substance and the asset’s legal rights in mind. The statutory wash-sale rule concerns stock or securities; do not assume every token, security product or immediate repurchase has identical treatment. Confirm the actual facts and current rules before making a tax-driven trade.

A calendar-year individual federal return is generally due April 15 of the following year, adjusted for weekends, holidays and applicable relief. A valid extension generally moves the filing date to October 15 but does not generally extend the payment deadline. Check the deadline and any relief that apply to your actual return.