Cryptocurrency Q&A Does Phemex report to IRS?

Does Phemex report to IRS?

GeishaGrace GeishaGrace Wed Sep 25 2024 | 6 answers 1346
Hello there, I'm curious about a specific aspect of cryptocurrency trading and taxation. I've been using Phemex for some time now, and I'm wondering if they are required to report my transactions to the IRS, the tax authority in the United States. As a taxpayer, it's important for me to ensure that I'm compliant with all relevant tax laws, and I'm wondering if Phemex plays any role in facilitating that. Could you clarify whether Phemex reports user transactions to the IRS, and if so, what kind of information is typically shared? Thank you for your time and assistance. Does Phemex report to IRS?

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