How does Exodus handle IRS reporting for cryptocurrency transactions?

3 answers

• Dec 29, 2021 · 3 years ago
  Exodus takes IRS reporting for cryptocurrency transactions seriously. When it comes to tax compliance, Exodus provides users with the necessary tools and information to accurately report their cryptocurrency activities to the IRS. This includes generating detailed transaction history reports, calculating gains and losses, and providing tax forms such as the 1099-K if applicable. By keeping track of your transactions and using the provided tools, you can ensure that you are meeting your tax obligations.
  507254
• Dec 29, 2021 · 3 years ago
  Exodus understands the importance of IRS reporting for cryptocurrency transactions. They have implemented features within their platform that make it easier for users to comply with tax regulations. These features include the ability to export transaction history in various formats, such as CSV or Excel, which can be used to calculate gains and losses for tax purposes. Additionally, Exodus provides educational resources and guides to help users understand their tax obligations and navigate the reporting process.
  517173
• Dec 29, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not handle IRS reporting for cryptocurrency transactions. It is the responsibility of individual users to report their cryptocurrency activities to the IRS. However, BYDFi provides users with transaction history and account statements that can be used for tax reporting purposes. It is important for users to consult with a tax professional or refer to IRS guidelines to ensure accurate reporting.
  450113