How to report cryptocurrency on taxes coinbase

how to report cryptocurrency on taxes coinbase

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Coinbase tax documents Some users include: Selling cryptocurrency for fiat.

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How to Do Your Coinbase Taxes - Explained by a Crypto Tax Attorney
Sign in to your Coinbase account. Select avatar and choose Taxes. Select Documents. Select Custom reports and choose the type of report you want to generate. US customers can use Coinbase Taxes to find everything needed to file bitcoinsnews.org taxes. Tax forms, explained: A guide to U.S. tax forms and crypto reports. U.S. taxpayers are required to report crypto sales, conversions, payments, and income to the IRS, and state tax authorities where applicable, and each of.
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Just like these other forms of property, cryptocurrencies are subject to both capital gains and income taxes. In the past, the IRS has sought more detailed information from Coinbase. Many cryptocurrency investors use additional exchanges and platforms outside of Coinbase. Learn more about how Coinbase reports to the IRS.