Cryptocurrency Q&A
Does Coinbase track my taxes?
Does Coinbase track my taxes?
Lucia
Sun Dec 22 2024
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6 answers
1773
I am using Coinbase for cryptocurrency transactions. I am wondering if Coinbase keeps track of my taxes. Do they report my transactions to tax authorities or provide any tax-related services?
6 answers
Nicola
Tue Dec 24 2024
When this threshold is met, Coinbase is obligated to report the income annually to the Internal Revenue Service.
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Dario
Tue Dec 24 2024
The timing of these reports aligns with the tax year-end, ensuring compliance with tax regulations.
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MysticRainbow
Tue Dec 24 2024
Users of Coinbase should actively monitor their financial activities on the platform.
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Valentina
Tue Dec 24 2024
Coinbase adheres to specific reporting guidelines concerning its users' financial activities.
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KatanaBlade
Tue Dec 24 2024
The threshold for reporting to the IRS by Coinbase is set at $600 for staking or rewards.
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