Crypto Tax Hub

Crypto Taxes by Coin (2026)

Every coin is taxed as property, but the details differ sharply. Bitcoin is mostly buy, hold, and sell. Ethereum and Solana add staking income and gray areas. Hyperliquid adds perpetual futures, funding, and an airdrop with no tax form attached. These guides cover how each asset is taxed, the honest gray areas, and exactly how to report it to the IRS.

Coin tax guides

Bitcoin logo

Bitcoin Tax

Spending · LT/ST gains

Read guide → Solana logo

Solana Tax

Staking · SOL rewards

Read guide → Ethereum logo

Ethereum Tax

Gas basis · staking

Read guide → Hyperliquid logo

Hyperliquid Tax

Perps PnL · HYPE airdrop

Read guide → Dogecoin logo

Dogecoin Tax

Disposals · mining

Read guide → USDC logo

USDC / Stablecoin

Yield · de-peg events

Read guide → Avalanche logo

Avalanche Tax

Subnets · staking

Read guide → Polygon logo

Polygon Tax

Bridging · rewards

Read guide → Chainlink logo

Chainlink Tax

Staking · income FMV

Read guide →

How crypto is taxed, by coin

The starting point is the same for every coin: the IRS treats crypto as property (Notice 2014-21), so disposing of it (selling, trading, or spending) creates a capital gain or loss, and earning it (staking, mining, airdrops) creates ordinary income at fair market value on receipt. Where coins diverge is in how you earn and use them. Proof-of-stake coins like Ethereum and Solana generate frequent staking income that each carries its own basis and holding period. Airdrops, like Solana's 2024 season or the HYPE distribution, create income even if you never sell. And on-chain venues like Hyperliquid add perpetual futures and funding payments that have no clear IRS guidance at all. Our coin guides cover each of these honestly, including the conservative-versus-aggressive choices on the unsettled questions.

Free Crypto Tax Guide The 2025/26 Count On Sheep Crypto Tax Guide cover
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The 2025/26 Crypto Tax Guide. Built by former Big 4 accountants.

A printable, step-by-step guide and checklist to reconcile every coin and wallet, recover missing cost basis, and file accurately before the deadline.

  • Form 8949, Schedule D, and Schedule 1 walkthroughs
  • How to handle staking, DeFi, NFTs, and lost coins
  • The $0-basis 1099-DA trap (and how to avoid it)
  • FBAR, Form 8938, and foreign exchange reporting
Get the Free Guide PDF · ~30 pages · Updated for the 2025/26 filing year

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We reconcile your full history across every coin, wallet, and protocol into clean, CPA-ready reports, with staking, airdrops, and gray areas handled correctly.

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This page is educational and not tax, legal, or investment advice. Count On Sheep is not a CPA firm and does not file tax returns. Tax outcomes depend on your specific situation, consult a qualified professional before filing.