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Will Coinbase send me a 1099 for my cryptocurrency earnings in 2024?

avatarBean CherryDec 27, 2021 · 3 years ago3 answers

I'm wondering if Coinbase will provide me with a 1099 form for my cryptocurrency earnings in the year 2024. I want to make sure I have all the necessary documentation for tax purposes. Can anyone confirm if Coinbase will send me a 1099 form?

Will Coinbase send me a 1099 for my cryptocurrency earnings in 2024?

3 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, Coinbase will send you a 1099 form for your cryptocurrency earnings in 2024. It is important to keep track of your transactions and report them accurately on your tax return. Coinbase is required by the IRS to report certain transactions to the government, and they will provide you with the necessary forms.
  • avatarDec 27, 2021 · 3 years ago
    No, Coinbase will not send you a 1099 form for your cryptocurrency earnings in 2024. However, it is still your responsibility to report your earnings and pay the appropriate taxes. Make sure to keep detailed records of your transactions and consult with a tax professional to ensure compliance with tax laws.
  • avatarDec 27, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, Coinbase will send you a 1099 form for your cryptocurrency earnings in 2024. This form will help you accurately report your earnings and fulfill your tax obligations. Remember to keep track of your transactions and consult with a tax advisor for personalized guidance.