Exchanges reporting crypto gains to IRS becomes tax nightmare
Published . Updated .
The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.
Directly affected
- CRCW Crypto
Named in this report.
Indirectly affected
- IBIT iShares Bitcoin Trust
This price moves with the crypto market
- COIN Coinbase
The crypto exchange moves with trading volumes
- MSTR Strategy
This company's value is tied to its bitcoin holdings
- MARA MARA Holdings
Bitcoin miners move with the bitcoin price
- RIOT Riot Platforms
Bitcoin miners move with the bitcoin price
- HOOD Robinhood
Retail trading apps move with crypto volumes
- KBWB INVESCO EXCHANGE TRADED FUND TR II KBW
GA selected KBWB as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BBEU J P MORGAN EXCHANGE-TRADED FD TR BETABUILDERS EUROPE ETF NEW
GA selected BBEU as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT
GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
- BLOX NICHOLAS CRYPTO INCOME ETF
GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.
Price reaction, T-5 to T+3
The IRS can now see your crypto gains, but has no idea about the cost-basis. That’s proving to be a big headache for some cryptocurrency investors.
Source: Cointelegraph
Price since this story was published: Invesco Exchange Traded Fund Tr Ii Kbw (KBWB)
Since the first closing price after “Exchanges reporting crypto gains to IRS becomes tax nightmare,” Invesco Exchange Traded Fund Tr Ii Kbw (KBWB) is -3.20%. The S&P 500 fund (SPY) is +0.15% over the same days, a -3.34% difference versus the market.
Who gains and who loses around Invesco Exchange Traded Fund Tr Ii Kbw (KBWB)
Companies carried with this story
- KBWB Invesco Exchange Traded Fund Tr Ii Kbw
In “Exchanges reporting crypto gains to IRS becomes tax nightmare,” Invesco Exchange Traded Fund Tr Ii Kbw (KBWB) is linked, with no stored direction, medium confidence. Reason on file: GA selected KBWB as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BBEU J P Morgan Exchange-Traded Fd Tr Betabuilders Europe Etf New
In “Exchanges reporting crypto gains to IRS becomes tax nightmare,” J P Morgan Exchange-Traded Fd Tr Betabuilders Europe Etf New (BBEU) is linked, with no stored direction, medium confidence. Reason on file: GA selected BBEU as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BITW Bitwise 10 Crypto Index ETF
For “Exchanges reporting crypto gains to IRS becomes tax nightmare,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- BLOX Nicholas Crypto Income Etf
In “Exchanges reporting crypto gains to IRS becomes tax nightmare,” Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence. Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- EZPZ Franklin Crypto Trust
In “Exchanges reporting crypto gains to IRS becomes tax nightmare,” Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
- FDIG Fidelity Crypto Industry And Digital Payments Etf
Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence in the 25 Sep 2026 story “Exchanges reporting crypto gains to IRS becomes tax nightmare.” Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
Invesco Exchange Traded Fund Tr Ii Kbw (KBWB)
On 25 Sep 2026, “Exchanges reporting crypto gains to IRS becomes tax nightmare” is the story that connects Invesco Exchange Traded Fund Tr Ii Kbw (KBWB) to this story.
The link for Invesco Exchange Traded Fund Tr Ii Kbw (KBWB) is this: GA selected KBWB as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
J P Morgan Exchange-Traded Fd Tr Betabuilders Europe Etf New (BBEU) is here too. Its reason reads: GA selected BBEU as a RELATED security because its canonical security name directly matches this event's themes: exchanges. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article
The price range for Invesco Exchange Traded Fund Tr Ii Kbw (KBWB), and the dates in the story
BBEU traded between 73.95 and 78.04 across 20 sessions. The latest close on file is 75.31. BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. KBWB traded between 84.31 and 92.61 across 20 sessions. The latest close on file is 85.83.
How strong the case is around Invesco Exchange Traded Fund Tr Ii Kbw (KBWB)
46 out of 100
“Exchanges reporting crypto gains to IRS becomes tax nightmare” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.