Cryptocurrency Q&A
Does Voyager report to IRS?
Does Voyager report to IRS?
Davide
Wed Sep 18 2024
|
7 answers
2012
Voyager, a popular cryptocurrency platform, is known for its user-friendly interface and wide range of digital assets. But as a taxpayer, it's important to know if my transactions on Voyager are being reported to the IRS. Does Voyager, like other financial institutions, fulfill its tax reporting obligations and disclose my cryptocurrency activities to the Internal Revenue Service?
7 answers
SakuraTide
Fri Sep 20 2024
As a taxpayer, it is crucial to understand that any capital gains or income derived from such trading activities are subject to taxation.
Was this helpful?
341
83
DongdaemunTrendsetterStyleIcon
Fri Sep 20 2024
This means that if you have engaged in Voyager crypto trading and have realized profits, you are obligated to declare these earnings to your tax office.
Was this helpful?
207
36
PulseWind
Fri Sep 20 2024
Reporting your cryptocurrency trading income and gains is an essential part of your annual tax return process.
Was this helpful?
233
67
Michele
Fri Sep 20 2024
Failure to do so could lead to penalties, fines, or even legal action by the tax authorities.
Was this helpful?
161
38
CryptoQueen
Fri Sep 20 2024
Cryptocurrency trading, including that on Voyager, can result in significant financial gains or income.
Was this helpful?
393
42
Load 5 more related questions
