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What tax documents does Coinbase offer for reporting cryptocurrency gains and losses?

avatarMONICA OFFICIALDec 27, 2021 · 3 years ago1 answers

Can you provide more details on the tax documents offered by Coinbase for reporting cryptocurrency gains and losses? I'm interested in understanding what specific documents Coinbase provides to its users for tax reporting purposes.

What tax documents does Coinbase offer for reporting cryptocurrency gains and losses?

1 answers

  • avatarDec 27, 2021 · 3 years ago
    As a third-party digital currency exchange, BYDFi does not provide tax documents for reporting cryptocurrency gains and losses. However, Coinbase, one of the leading cryptocurrency exchanges, offers tax documents such as Form 1099-K and Form 1099-B to assist users in reporting their gains and losses. These documents provide important information about your cryptocurrency transactions and can be used to accurately report your tax obligations. It's important to keep track of your transactions and consult with a tax professional to ensure you're meeting your tax obligations.