Bloomberg: A large number of U.S. cryptocurrency investors may not have disclosed assets to the IRS

Crypto News TechFlow, April 15th, reports that according to Bloomberg, a recent report shows that many American cryptocurrency investors may not have reported their digital asset holdings to the U.S. Internal Revenue Service (IRS). Assistant Professor Tyler Menzer of Texas Christian University and his co-authors analyzed anonymous IRS tax data and found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales, while surveys during the same period indicated that 12% to 21% of American adults had held cryptocurrencies. The analysis suggests that some investors failed to accurately report income and transactions related to cryptocurrencies, potentially leading to tax revenue losses.

The study found that cryptocurrency holders are more likely to hold Meme tokens, tend to be younger and have lower incomes, and their trading behaviors differ significantly from traditional stock investors. Data from CoinTracker shows that in the 2025 tax year, crypto investors are expected to report an average of 836 transactions, with short-term holdings averaging a loss of $636, and long-term holdings averaging a profit of $2,692.