How does Coinbase handle reporting cryptocurrency transactions to the IRS?

1 answers

• Dec 29, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that Coinbase is known for its strong commitment to compliance. They have implemented measures to ensure that they accurately report cryptocurrency transactions to the IRS. Coinbase also provides tools and resources to help their customers understand their tax obligations. It's important to keep in mind that tax regulations can be complex, so it's always a good idea to consult with a tax professional if you have any specific questions or concerns about your own tax situation.
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