Cryptocurrency investors are facing tax-reporting difficulties as exchanges provide the Internal Revenue Service with information on crypto gains without corresponding cost-basis details, according to Cointelegraph. The mismatch may leave investors with records showing proceeds or gains while lacking the purchase information needed to establish how much was originally paid. Without a clear cost basis, calculating taxable results can become difficult, particularly for investors managing activity across crypto platforms. The issue highlights a growing administrative challenge around digital-asset reporting: tax authorities may receive transaction-related information, while investors still need to determine the underlying cost data for their own filings. Cointelegraph described the situation as a significant headache for some crypto investors. The report is relevant across the digital-asset market, including tokens such as ACH, BAS, ADA, AIN, NIGHT, NOW and PRO.
