Crypto Tax Calculator (CTC) provides the below IRS forms for our US users. Details are explained in the following sections;

For more detailed information, please refer to our US Tax Guide 2024. For common CTC reports, visit our CTC Report Guides section.

After importing and reconciling all your transactions, ensure your Tax & Portfolio settings are all set, and your account has been refreshed. On the Reports page, choose the Financial Year and Inventory Method before navigating to either the 'Download Reports' or 'Quick Download' section.
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If you want a full overview of all of your reports, including reports generated by CTC, click on 'Download Reports' which will look like the image below;

When downloading your IRS forms, a popup window will appear where you can enter your Name, SSN (Social Security Number), or TIN (Taxpayer Identification Number). This information is used to autofill your forms. After entering your details, follow the prompts to complete the download.
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​The name and SSN/TIN you filled in before downloading the report will show like the image below;
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​Part I is your short-term capital gain report. Cryptocurrency taxes fall under Category (C) - Short-term transactions not reported to you on Form 1099-B;
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​Section 1 is filled out with the same results found in your CTC Capital Gains Report;
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The below image is a correlated match to the above taken from the Crypto Tax Calculator Capital Gains Report (Short-Term);
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Section 2 is the total (d) Proceeds, (e) Cost or Other Basis, and (h) Gain or (Loss)

The name and SSN/TIN you filled in before downloading the report will show like the image below;
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​Part II is your long-term capital gain report. Cryptocurrency taxes fall under Category (F) Long-term transactions not reported to you on Form 1099-B;
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​Section 1 is filled out with the same results found in your Crypto Tax Calculator Capital Gains Report;
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The below image is a correlated match to the above taken from the Crypto Tax Calculator Capital Gains Report (Long-Term);
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​Section 2 is The total (d) Proceeds, (e) Cost or Other Basis, and (h) Gain or (Loss)

Crypto Tax Calculator also offers a consolidated version of Form 8949. The key difference between the standard Form 8949 and the CTC consolidated Form 8949 is that the consolidated form groups multiple disposals of the same asset into single-line entries, rather than listing each transaction separately. This can be especially helpful if you have a large number of transactions, as it reduces the total number of pages.
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To access this form, navigate to 'download reports' on the Report Page and click on PDF for Form 8949 (Consolidated);
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Below is an example of the difference between Form 8949 and Form 8949 (Consolidated). In the standard Form 8949, the asset 'VC' is shown as two separate entries. In the Form 8949 (Consolidated), the same asset is combined into a single entry.

​Form 8949

Form 8949 (Consolidated)

Schedule D is a summary of your overall cryptocurrency capital gains and losses.
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The name and SSN/TIN you filled in before downloading the report will show like the image below;
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​Part I - this area is a total summary of your Short Term Capital Gains. To cross-check this data, you can refer to the Short Term Gains Total section of the Crypto Tax Calculator Capital Gain Report;
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Schedule D (Form 1040)

CTC Short-Term Capital Gain Report

​Part II - this area is a total summary of your Long Term Capital Gains. To cross-check this data, you can refer to the Long Term Gains Total section of the Crypto Tax Calculator Capital Gain Report;
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Schedule D (Form 1040)

CTC Long-Term Capital Gain Report

Schedule 1 is a summary of your overall income earned through cryptocurrency.
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The name and SSN/TIN you filled in before downloading the report will show like the image below;
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Part I - all forms of income earned in cryptocurrency (for example - derivatives trading (your net total profit), along with staking rewards and airdrops), will be listed in section 8z as 'Income from Cryptocurrency' in this form;
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You can also download your Income and/or Derivatives Report from CTC to view a detailed breakdown of your transactions. For example, the total shown above, $31,782.48, is broken down as follows:

If you have any questions or need help, we're here for you! Feel free to reach out to us via the in-app chat in the bottom-right corner or send your inquiries to [email protected]