Uphold does not provide tax advice. This material is intended for informational purposes only and should not be considered personalized advice or a recommendation. You should consult a qualified tax professional to address your specific tax situation.
Are my tax forms ready?
Yes, all of your 2025 tax forms (1099-DA and 1099-MISC) are now available to download right in the Uphold app.
How to download my tax forms
You can access your forms using this direct link: Download My Tax Forms.
Alternatively, you can follow these simple steps in the app:
- Go to the Account Center (top left corner).
- Tap Activity.
- Tap the Form icon (top right corner).
- Pick the form you need from the list.
- Tap Generate report.
Once it’s ready, we will send you an email with a link to download your form.
Having trouble downloading?
Your download link will be sent to your email address.
- If you are using a computer, make sure your pop-up blocker is turned off, as they can stop the download.
- If it still doesn’t work, try using a different browser.
Why haven’t I received a tax form?
We provide tax forms to registered U.S. customers who have given us a W-9 form and their Social Security Number (SSN). You will only get a form if you had taxable events that met the IRS reporting limits in 2025. If you didn’t meet these limits, you won’t see a form in your account.
Here is what triggers a specific form:
- Form 1099-DA: You will get this if you traded or sold any digital assets in 2025
- Form 1099-MISC: You will get this if you earned more than $600 in total from airdrops or staking rewards. (Note: This includes rewards earned from both Boosted Staking and Flexible Staking).
- USD Interest Account 1099: You will get this dedicated form if you earned interest on your USD Interest Accounts.
What doesn’t trigger a form?
- Simply buying and holding crypto is not a taxable event.
- Under 2025 IRS rules, selling your trading qualifying stablecoins is only reported to the IRS if your total earnings from them are over $10,000.
General U.S. crypto tax facts
Note: Uphold does not give tax advice. This info is just to help you out, so please talk to a tax professional about your specific situation.
- Deadline: U.S. taxes are due on April 15, 2026.
- How it’s taxed: The IRS treats crypto like property. When you sell or trade, you owe capital gains tax on the profits.
- How Uphold calculates your costs: We use the “Highest-In First-Out” (HIFO) method. This assumes you sold your most expensive crypto first, which usually helps lower taxable gains.
- Time matters: If you hold crypto for a year or less before selling, it is a short-term gain or loss. Holding it for more than a year makes it a long-term gain or loss, which usually comes with lower tax rates.
- Losing money: If you lose money on a trade, you can use those losses to lower your taxes on your gains.