[Bloomberg: Many U.S. cryptocurrency investors may not disclose assets to the IRS] According to a report by Bloomberg on April 15, a recent study reveals that many U.S. cryptocurrency investors may not have reported their digital asset holdings to the Internal Revenue Service (IRS). Tyler Menzer, an assistant professor at Texas Christian University, and his co-authors analyzed anonymous IRS tax data and found that between 2013 and 2021, only 6.5% of taxpayers reported cryptocurrency sales, while surveys during the same period indicated that 12% to 21% of U.S. adults had owned cryptocurrency. The analysis suggests that some investors may fail to accurately report income and transactions related to cryptocurrency, potentially leading to tax revenue losses. The study found that cryptocurrency holders are more likely to own meme tokens, are younger, have lower incomes, and exhibit trading behaviors significantly different from traditional stock investors. CoinTracker data shows that for the 2025 tax year, cryptocurrency investors will need to report an average of 836 transactions, with an average short-term holding loss of $636 and an average long-term holding gain of $2,692.