WASHINGTON, DC – FEBRUARY 13: A sign for the Internal Revenue Service (IRS) is seen outside its building on February 13, 2025 in Washington, DC. Members of Elon Musk’s Department of Government Efficiency (DOGE) arrived at the Internal Revenue Service to begin examining the agency’s operations. (Photo by Kayla Bartkowski/Getty Images)

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If you have sold crypto and skipped the tax reporting, you are in the majority. A new study using real IRS administrative data found that only 32 to 56 percent of US crypto owners actually report their gains. But that gap is closing, and new broker reporting rules will soon make unreported transactions very easy to spot.

Less Than Half of Crypto Owners Are Reporting Sales to the IRS

Researchers…