A recent survey conducted by Coinbase and CoinTracker has revealed that 61% of US cryptocurrency users are unaware of the new tax rules introduced for the 2025 tax year. The survey, which included 3,000 participants, highlighted a significant gap in tax compliance knowledge, with only 49% of respondents understanding that selling crypto triggers a taxable event. Additionally, only 8% of users currently utilize crypto-specific tax tools. The 2026 Crypto Tax Readiness Report also found that many users are confused about what constitutes a taxable event, with misconceptions about transferring crypto to bank accounts or needing to exceed certain profit thresholds. The introduction of IRS Form 1099-DA, requiring brokers to report digital asset transactions, adds to the complexity. Cost basis tracking remains a major challenge, as 76% of respondents are aware of the need for adjustments, yet only 35% have made them. Interest in AI for tax-related tasks is growing, with 47% of users open to using AI for calculating taxable income and capital gains.