Coinbase tax reporting

coinbase tax reporting

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Best crypto wallets 2021 The American infrastructure bill will require major cryptocurrency exchanges to send B forms to customers and the IRS. Dealing with cryptocurrency taxes can feel stressful. Crypto taxes overview. Many cryptocurrency investors use additional exchanges and platforms outside of Coinbase. Crypto Taxes Self-employed: If your cryptocurrency activities are part of a trade or business, your Coinbase income should be reported on Schedule C.
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Our Editorial Standards:. American expats with Coinbase accounts may need to report their holdings to the IRS if they live overseas. All CoinLedger articles go through a rigorous review process before publication.