CoinTracker Survey Shows Only 25% of Crypto Holders Are Prepared for Tax Season

With the U.S. tax filing deadline due April 18, the data suggest many investors lack knowledge on how to prepare their crypto-specific tax returns. Many don’t know what constitutes a taxable event, the survey showed. As many as 40% of participants did not know that selling crypto was subject to taxation, with 48% unaware that sales of non-fungible tokens (NFTs) fell into this category.