Cryptocurrency Q&A
Does Trezor report to the IRS?
Does Trezor report to the IRS?
benjamin_brown_entrepreneur
Sun Dec 08 2024
|
5 answers
1201
I am wondering if Trezor, as a cryptocurrency hardware wallet provider, reports any user data or transaction information to the Internal Revenue Service (IRS) for tax purposes.
5 answers
TimeRippleOcean
Tue Dec 10 2024
While Trezor might provide some level of transaction reporting, it does not take on the role of tax deduction on its platform.
Was this helpful?
209
31
SamuraiHonor
Tue Dec 10 2024
Depending on the user's location, Trezor may be required to report crypto transactions to the relevant tax authority.
Was this helpful?
274
37
Alessandra
Tue Dec 10 2024
For instance, in the United States, Trezor might report transactions to the IRS, while in the UK, it could be HMRC.
Was this helpful?
272
53
GyeongjuGrace
Tue Dec 10 2024
When it comes to tax deductions on crypto trades, Trezor does not automatically handle this process.
Was this helpful?
299
96
SsamziegangStroll
Tue Dec 10 2024
As of 2024, users of Trezor are responsible for managing their own tax obligations related to cryptocurrency transactions.
Was this helpful?
147
28
