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Tax Center

Navigating crypto taxes? Gate US provides free tools and official resources to make filing straightforward.
To access tax documents or check your eligibility for tax forms, sign in and visit the portal below.

Tax Tools & Resources

Find answers to common tax questions and discover the tools you need to plan and file your crypto taxes with confidence.

More Tax Basics

FAQs

If you're a U.S. resident who has bought, sold, or transacted in cryptocurrency, you may have tax obligations. The IRS classifies cryptocurrency as "property," meaning the same tax rules that apply to property transactions also apply to crypto. Since 2019, Form 1040 has included a mandatory question asking whether you had any crypto activity during the year. Crypto taxes can be complex. We recommend reviewing your transaction history or consulting a tax professional to understand your obligations.
Taxable events generally include: selling crypto for cash, converting one cryptocurrency to another, receiving crypto as compensation, earning staking or other crypto rewards, using crypto to pay for goods or services, and receiving airdrops.
Non-taxable events generally include: transferring crypto between your own wallets (within Gate US or across exchanges), purchasing crypto with cash and holding it, donating crypto to a registered charity or qualified non-profit, and gifting crypto up to $16,000 per recipient in 2022 ($17,000 in 2023).
The cost basis is the original purchase price of your cryptocurrency. It serves as the baseline for calculating whether a sale or trade resulted in a capital gain or loss — determined at the time of purchase.
Gate US is required to issue a 1099-MISC form to eligible customers who earned $600 or more from staking rewards or referral bonuses in 2023. If you meet this threshold, your form will be available in the Tax Statements portal.
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Disclaimer: The information provided is for general informational purposes only and should not be interpreted as a recommendation to buy, sell, or hold any digital assets. Trading cryptocurrencies carries risk and may result in financial loss. Gate US services may be limited or unavailable in certain jurisdictions. For more details, please see our legal disclosures.