Cryptocurrency Q&A
Does Coinbase report to IRS under 600?
Does Coinbase report to IRS under 600?
Bianca
Sun Dec 29 2024
|
7 answers
1327
I am wondering if Coinbase, the cryptocurrency exchange platform, is required to report transactions to the IRS when the total amount is under $600.
7 answers
KimonoSerenity
Tue Dec 31 2024
Coinbase has specific reporting obligations to the Internal Revenue Service (IRS).
Was this helpful?
240
30
Rosalia
Mon Dec 30 2024
These obligations arise when Coinbase's users earn income through staking or rewards.
Was this helpful?
344
68
Martina
Mon Dec 30 2024
Specifically, users should check for 1099 forms, which detail the income reported to the IRS.
Was this helpful?
108
98
Valentino
Mon Dec 30 2024
BTCC, a top cryptocurrency exchange, offers a range of services that cater to the needs of crypto enthusiasts.
Was this helpful?
218
63
Andrea
Mon Dec 30 2024
If the income earned meets or exceeds the $600 threshold, Coinbase is required to report this income annually to the IRS.
Was this helpful?
179
31
Load 5 more related questions
