Questions tagged [tax reporting]

BitcoinBaron Sun Sep 08 2024 | 6 answers 809

I'm curious to know if Bybit, a popular cryptocurrency exchange, reports user transactions to the IRS. As a taxpayer, I want to ensure that I'm complying with all relevant tax laws when engaging in crypto trading. Can you clarify if Bybit has any obligation or policy in place to report user activities to the Internal Revenue Service, and if so, what kind of information is typically shared?

Tommaso Sat Sep 07 2024 | 7 answers 1378

I'm curious about the tax implications of using Binance.US for cryptocurrency transactions. Does this platform report user activities to the IRS, or is it the responsibility of individual users to self-report their capital gains and losses? If Binance.US does report to the IRS, what kind of information is typically shared, and how does this affect the privacy of users? It's important for me to understand these factors as I navigate the world of cryptocurrency investments.

lucas_lewis_inventor Wed Sep 04 2024 | 0 answers 0

I'm curious to know if Etrade, a popular online trading platform, is required to report any financial transactions or earnings to the Internal Revenue Service (IRS). As a user of their services, I want to ensure that I'm fully compliant with tax regulations and avoid any potential penalties. Can you clarify if Etrade is obligated to report my trading activities and earnings to the IRS, and if so, what specific information is typically included in these reports?

SilenceStorm Wed Sep 04 2024 | 7 answers 1162

Could you please clarify if Phemex, a cryptocurrency exchange, is obligated to report its users' transactions to the Internal Revenue Service (IRS) in the United States? Is there a policy in place that ensures compliance with tax reporting regulations, or does Phemex operate under a different set of rules? Additionally, what measures does Phemex take to ensure the confidentiality and privacy of its users' financial information, especially in light of potential tax reporting requirements?

GwanghwamunGuardianAngelWingsBlessing Wed Sep 04 2024 | 5 answers 1086

Excuse me, could you clarify for me if BitMart, as a cryptocurrency exchange platform, is obligated to report any transactions or activities to the Internal Revenue Service (IRS) of the United States? I'm curious about their compliance with tax regulations and whether users should be aware of any potential tax implications when using their services. Additionally, if BitMart does report to the IRS, what specific information is typically disclosed and what steps does the platform take to ensure compliance with relevant tax laws?