Cryptocurrency Q&A Does Coinbase pay taxes?

Does Coinbase pay taxes?

DaeguDiva DaeguDiva Mon Sep 30 2024 | 7 answers 1299
I'm curious about the tax implications of using Coinbase, a popular cryptocurrency exchange. Does Coinbase itself pay taxes on the transactions that occur on its platform? If so, what kind of taxes does it pay, and how does it handle the reporting requirements? Additionally, as a user of Coinbase, am I responsible for reporting any income or gains from my cryptocurrency transactions on my own taxes? I'd appreciate any clarification on this matter as I navigate the world of cryptocurrency investing. Does Coinbase pay taxes?

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