As of November 29, 2023, new crypto accounts cannot be opened. Existing crypto account holders have the option to migrate to Blockchain.com on December 19, 2023. Otherwise, coins will be liquidated and the proceeds moved to the linked Active Investing account.
For federal tax purposes, cryptocurrencies are generally treated with the same tax rules as other property transactions, like buying and selling stocks. The IRS has published guidance on how existing general tax principles apply to crypto: https://www.irs.gov/pub/irs-drop/n-14-21.pdf
SoFi provides a downloadable file of all your annual crypto transactions (available in CSV format) in the Taxes section of your documents in your crypto account. This will be available mid-February.
You can find any tax documents you qualify for in your Document Center.