Cryptocurrency Q&A
How do I get a 1099-MISC from Coinbase?
How do I get a 1099-MISC from Coinbase?
CherryBlossomBloom
Wed Jul 17 2024
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5 answers
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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.
5 answers
NebulaNavigator
Thu Jul 18 2024
Conversely, non-US customers of Coinbase will not receive any tax-related forms directly from the platform.
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Tommaso
Thu Jul 18 2024
To gain further insight into the qualifications for Coinbase's tax form 1099-MISC, it is recommended to visit the official resource.
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InfinityRider
Thu Jul 18 2024
These individuals must rely on their transaction history reports within Coinbase to compile the necessary information for fulfilling their respective local tax requirements.
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Chiara
Thu Jul 18 2024
For US customers who have engaged in futures trading, Coinbase will provide a 1099-B form via email and through the Coinbase Taxes section.
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Giulia
Thu Jul 18 2024
This form serves as a record of taxable transactions and assists customers in fulfilling their US tax obligations.
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