Does BlockFi provide reports to the IRS for cryptocurrency transactions?

3 answers

• May 05, 2022 · 3 years ago
  Yes, BlockFi does provide reports to the IRS for cryptocurrency transactions. As a regulated financial institution, BlockFi is required to comply with tax regulations and provide necessary information to the IRS. This ensures that users are in compliance with tax laws and helps prevent any potential issues with the IRS.
  321

  161
• May 05, 2022 · 3 years ago
  Absolutely! BlockFi takes tax compliance seriously and provides reports to the IRS for cryptocurrency transactions. This helps users stay on the right side of the law and ensures transparency in the crypto space. So, you can rest assured that your transactions are being reported to the IRS as required.
  303

  101
• May 05, 2022 · 3 years ago
  Yes, BlockFi does provide reports to the IRS for cryptocurrency transactions. It's important for users to understand that the IRS considers cryptocurrency as property, and therefore, transactions involving cryptocurrencies are subject to tax reporting requirements. BlockFi's reporting helps users fulfill their tax obligations and maintain a transparent financial record.
  372

  93