Chiara
Wed Oct 02 2024
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6 answers
1134
Does Coinbase report a 1099-MISC to the IRS?
Could you clarify for me, does Coinbase issue a 1099-MISC form to the IRS on behalf of its users for any transactions that meet the reporting threshold? I'm trying to understand my tax obligations as a cryptocurrency investor and I'm wondering if Coinbase handles this aspect for me or if I need to take additional steps to ensure compliance. Any insight you could provide would be greatly appreciated.
CherryBlossomBloom
Wed Jul 17 2024
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5 answers
1235
How do I get a 1099-MISC from Coinbase?
Could you elaborate on the process of obtaining a 1099-MISC from Coinbase? I understand that for certain transactions involving cryptocurrencies, tax filing requirements may arise. As a crypto investor, I'm curious about the steps I need to take to ensure compliance and avoid any penalties. Specifically, what criteria does Coinbase use to determine if a 1099-MISC needs to be issued? Also, how can I access this document once it's available? Additionally, are there any deadlines or specific timeframes I should be aware of in relation to this process? Thank you for your assistance in clarifying this matter.
