Does Coinbase automatically report user transactions to the IRS?

3 answers

• May 08, 2022 · 3 years ago
  Yes, Coinbase automatically reports user transactions to the IRS. As a regulated exchange, Coinbase is required to comply with tax regulations and provide transaction information to the IRS. This includes reporting user transactions over a certain threshold to ensure tax compliance.
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• May 08, 2022 · 3 years ago
  No, Coinbase does not automatically report user transactions to the IRS. However, it is important to note that cryptocurrency transactions are subject to taxation, and users are responsible for reporting their transactions and paying any applicable taxes to the IRS.
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• May 08, 2022 · 3 years ago
  According to my knowledge, Coinbase does automatically report user transactions to the IRS. However, it's always a good idea to consult with a tax professional or refer to the official IRS guidelines for the most accurate and up-to-date information on cryptocurrency taxation.
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