A platform where users trade crypto through blockchain protocols, generally without depositing assets with a centralized exchange operator.
Trades on a DEX are taxable exactly like trades on Coinbase, and nobody reports them. The 2024 rule that would have made DEX front ends brokers was repealed in 2025, so the reporting burden is entirely yours, and the IRS can still trace the activity on-chain.
Not from a broker report, but the transactions are public on the blockchain and the exchange that received your withdrawal has your identity. Unreported DEX activity is discoverable.
Source: Treas. Reg. 1.6045-1; repeal of the DeFi broker rule (2025)
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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