We prepare financial statements and tax returns for businesses, traders, and investors with cryptocurrency. This year, we’re sharing some real (but anonymous) data to help you benchmark yourself.
The figures below are all based on realised gains. That means profits actually cashed out to fiat, or gains made when one token is disposed of for another. They don’t include unrealised gains still sitting in wallets. That distinction is important because while unrealised gains can look huge on paper, you’re only taxed on what has been sold or swapped.
Some of our clients are sitting on significant unrealised gains, especially with the rise in BTC over the past six months, but these are not included in the figures below because they are not taxable yet.
What Does the Data Show?
Here’s a snapshot from around 25 clients for the 2025 tax year (1 April 2024 to 31 March 2025)
These are individual client figures, not totals. It reflects the wide range we are seeing. Some clients are just getting started while others are heavily involved. Some have only recently entered the market while others have been investing for years.
A Few Interesting Stats
30 percent of clients have a realised loss for the 2025 financial year
More than 17 percent of clients made over $100,000 in realised profit
Why This Matters
You are taxed only when you realise a gain. You are not taxed just because your portfolio value has increased IRD looks at your total income, so crypto profits can push you into higher tax brackets If you are sitting on large unrealised gains, it is worth planning ahead to avoid a nasty tax surprise later.
How Do You Stack Up?
If your crypto portfolio is growing and you’re unsure about your tax position, now is the time to get clarity. Many investors have made significant gains without fully understanding their tax obligations or the opportunities available to them.
Whether you are new to crypto or have been investing for a while, we can help. Get in touch today to make sure everything is set up correctly and you are not leaving money on the table.
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Contact Us
Contact Tim Doyle for a call or meeting to discuss any cryptocurrency tax or accounting questions. Our office is in Cambridge, Waikato, or we can arrange a video conference call.
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.
