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TagsHow does Coinbase handle reporting cryptocurrency transactions to the IRS?
Oluchi MuogharaDec 25, 2021 · 3 years ago1 answersCan you explain how Coinbase handles reporting cryptocurrency transactions to the IRS? I'm curious about the process and what information is shared with the IRS.
1 answers
- As a representative of BYDFi, I can tell you that Coinbase is known for its strong commitment to compliance. They have implemented measures to ensure that they accurately report cryptocurrency transactions to the IRS. Coinbase also provides tools and resources to help their customers understand their tax obligations. It's important to keep in mind that tax regulations can be complex, so it's always a good idea to consult with a tax professional if you have any specific questions or concerns about your own tax situation.Dec 25, 2021 · 3 years ago
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