How is cryptocurrency taxed? And what are some changes to crypto taxes for the 2025/2026 tax season? Get the basics of how crypto is taxed, plus learn about new crypto tax forms for 2026 (the 1099-DA) as well as some potential implications for selling crypto like bitcoin, ethereum, and more in this video. Note: Fidelity does not offer tax advice. Be sure to talk to your tax advisor for your specific tax and tax filing situation. 00:00 Introduction to crypto taxes 03:50 Changes for crypto taxes in 2026 07:40 How is crypto taxed? 18:01 Reporting, tax forms, and cost basis 22:41 How are crypto IRAs taxed? 24:20 Potential ways to reduce your crypto tax burden 28:46 Tax-loss harvesting and specific lots 31:16 Wrap Up Questions? Drop them below 👇 and we’ll reply right in the comments. Still crypto curious? Find more Covering Crypto videos on demand at https://www.fidelity.com/learning-center/trading-investing/crypto/covering-crypto-livestream Register for an upcoming livestream at: https://FidelityEvents.com/CoveringCryptoLivestream • To see more videos, subscribe on YouTube: https://www.youtube.com/fidelityinvestments • Follow Fidelity on Reddit: https://www.reddit.com/r/fidelityinvestments/ • Follow Fidelity on Instagram: https://www.instagram.com/fidelityinvestments • Follow Fidelity on TikTok: https://www.tiktok.com/@fidelityinvestments • Follow Fidelity on Facebook: https://www.facebook.com/fidelityinvestments/ • Follow Fidelity on LinkedIn: https://www.linkedin.com/company/fidelity-investments/ • Follow Fidelity on Discord: https://discord.gg/FidelityInvestments • Ask Fidelity on X: https://www.twitter.com/Fidelity Fidelity Crypto® accounts and custody and trading of crypto in such accounts are provided by Fidelity Digital Assets, National Association, which is a national trust bank. Brokerage services in support of securities trading are provided by Fidelity Brokerage Services LLC (“FBS”), and related custody services are provided by National Financial Services LLC (“NFS”), each a registered broker-dealer and member NYSE and SIPC. Neither FBS nor NFS offer crypto as a direct investment nor provide trading or custody services for such assets. Fidelity Crypto and Fidelity Digital Assets are registered service marks of FMR LLC. Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1247402.3.0 #crypto #cryptotrading #taxes #cryptocurrency #howto