Key takeaways

• Tax agencies can track your Cash App transactions, so it’s essential to file your crypto taxes properly. You owe tax any time you sell, swap or dispose of your crypto for a profit.
• Cash App does not issue tax reports, so you will need to gather the data and calculate taxes yourself.
• Alternatively, you can use Crypto Tax Calculator, which automatically syncs with your Cash App and other crypto platforms to provide you with a comprehensive tax report.

If you’ve been using Cash App, it’s important to understand how to report your crypto taxes. Like most exchanges, Cash App does not automatically report, calculate, or issue tax forms for you. It’s up to users to report their gains, losses, and income from the platform.

The good news is that Crypto Tax Calculator makes calculating your Cash App taxes quick and easy by automatically importing your data and generating comprehensive tax reports.

Quick Steps

1. Create an account on Crypto Tax Calculator or log in if you already have one.
2. Select Cash App in the Accounts list.
3. Import your Cash App transactions using API or CSV.
4. Let our software calculate your gains, losses, and income.
5. Download your tax report and file it with your taxes.

Disclaimer: The information in this guide is general in nature and not written for a specific tax jurisdiction or audience.

Do I need to pay taxes on Cash App?

If you have been transacting on Cash App during the tax year, then it’s likely you will need to pay tax based on your trading activity.

Typically, anytime you sell crypto for fiat, trade crypto-to-crypto, or earn crypto income (e.g., through staking or rewards on Cash App), it is considered a taxable event in most countries.

The exact tax you owe (capital gains or income tax) will depend on your local regulations and the specifics of each transaction. Check our country specific guides for details on how cryptocurrency is taxed in your jurisdiction.

Do I have to pay tax if I only bought crypto on Cash App but didn’t sell?

In most parts of the world, you do not pay any tax when you purchase crypto.

It is only when you later dispose of that crypto – i.e., sell it or trade it for another asset – that a taxable event occurs.

What Cash App transactions are taxable?

The following are common transactions on cryptocurrency exchanges like Cash App that are relevant to tax:

Most countries typically tax proceeds earned from selling investments differently from money earned as income. In crypto, you may be subject to both capital gains and income tax, depending on the nature of your transaction.

Capital Gains tax events on Cash App

Whenever you sell or make a crypto-to-crypto swap on Cash App, you are disposing of an asset.

• If the value of the crypto at the time of sale/trade is higher than when you acquired it, you have a taxable capital gain.
• If it’s lower, you have a capital loss (which can often be used to offset other gains).

Crypto Tax Calculator will automatically calculate these gains and losses for each trade using your imported transaction data. It will also account for fees according to your local tax rules.

Income tax on Cash App

If you received crypto as a reward on Cash App for activities such as staking, lending, or referral bonuses, those tokens are usually considered income.

• The value of the crypto at the time and date you received it needs to be reported as income.
• It also forms the cost basis if you later sell the asset.

Crypto Tax Calculator will automatically categorize income tax events and treat them according to your local tax rules.

Does Cash App report to the IRS?

If you registered with Cash App as a resident of the United States, then starting in the 2025 tax year, the exchange is required to report your customer data and transactions to the IRS.

Other tax authorities around the globe, like the ATO, HMRC, and CRA, are also engaged in data-sharing programs with exchanges like Cash App.

They may also use:

• Blockchain analytics tools
• Data-sharing between banks
• KYC and AML data

to match your identity with your trading activity on Cash App.

Where do I find Cash App tax forms?

Exchanges like Cash App do not provide tax forms with a neat breakdown of your tax obligations. This is because tax rules vary between countries and jurisdictions, requiring specialized software to handle additional complexities of crypto tax.

Additionally, any assets you transfer onto the platform will be missing an accurate cost basis.

Fortunately, you can connect your Cash App account to Crypto Tax Calculator via API or upload your transaction data using CSV.

Crypto Tax Calculator will then:

• Combine this data with any other accounts or wallets you connect.
• Provide you with an accurate tax report ready to submit to your tax agent, accountant, or local tax authority.

You can connect as many supported exchange accounts, wallets, or blockchains as you like, with reports available for all previous years on a single plan.

How to calculate Cash App taxes with Crypto Tax Calculator

1. Import your data

First, you will need to import your Cash App transaction data to Crypto Tax Calculator. Here are the two main methods:

Automatic API Import

This method uses a secure API feed to transfer your transaction data to Crypto Tax Calculator. Using an API ensures that your data will be updated over time, so any change in your Cash App balance is reflected in Crypto Tax Calculator.

1. Sign in to Crypto Tax Calculator or create an account.
2. Navigate to the Accounts tab and click + Add accounts.
3. Select Cash App from the list of exchanges. Click on Sync via API.
4. Follow the instructions on the right-hand side to find your API key on Cash App.
5. Input your API details and click Secure Connect.
6. Once authorized, Crypto Tax Calculator will automatically import your Cash App transaction history.
   • This may take a few seconds to a few minutes, depending on the number of transactions.
   • You’ll see a confirmation when all data is imported.

CSV File Upload

Not all exchanges provide easy API access; some users might prefer CSV uploads instead.

1. Sign in to Crypto Tax Calculator or create an account.
2. Navigate to the Accounts tab and click + Add accounts.
3. Select Cash App from the list of exchanges. Click on Upload File.
4. Follow the instructions on the right-hand side to find and download your transaction data on Cash App.
5. Click Import Cash App CSV to upload your transaction data.
   • Choose your file using the browser or drag and drop it into the window.
6. Click Import Cash App CSV to complete the upload.
7. Verify the data
   • The software will parse the CSV and import all transactions.
   • Double-check that the transaction details match your expectations from Cash App.
   • Crypto Tax Calculator will alert you if any data seems missing or if there are errors in the file.

Note: Some exchanges split different types of transactions into multiple files or have separate histories for sub-accounts. Make sure to import all relevant files to cover your complete trading history.

2. Generate your tax report

Once your Cash App data is imported to Crypto Tax Calculator via API or CSV, you can calculate your taxes with just a few clicks.

Import accounts

• Add any other exchange accounts, wallets, or transaction data to Crypto Tax Calculator.
• You will need to upload your entire crypto transaction history for an accurate report.

Review transactions

• While Crypto Tax Calculator does the hard work for you, it may flag missing data or errors.
• You will need to review and verify the flagged transactions to ensure accuracy.

Get your tax report

• Generate a comprehensive tax report ready for your accountant or local tax authority.

If you're new to Crypto Tax Calculator, try our Getting Started Guide for an overview of how the platform works.

Need help? Click the chat icon in the bottom right corner to start a live chat with our expert customer service team.

How to file your Cash App tax report

Here’s what to do with your exciting and new crypto tax report:

1. Review your tax report

After importing, you can generate a tax report for Cash App and any other accounts you linked. This report will detail your net capital gains, losses, and income from crypto for your chosen financial year.

• Review it to make sure everything looks correct.
• If something looks off, return to the Review tab to ensure all transactions are categorized correctly.
• Check the Accounts tab to ensure all your accounts and their transactions have been added.

2. Download and complete the necessary tax forms

Crypto Tax Calculator can produce specific forms or summaries needed for filing.

• If you live in the US, it can produce a report ready to upload to TurboTax.
• There are also specific forms like Form 8949 and Schedule D that contain the relevant information for crypto.
• Crypto Tax Calculator’s reports are designed to be tax-office compliant, making the process straightforward.

3. File before the deadline

Make sure you file your taxes before the deadline in your country.

• Properly reporting your Cash App crypto activity will keep you compliant and help you avoid any penalties.