CryptoLord
Sat Jun 08 2024
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5 answers
1283
Does PayPal report bitcoin to IRS?｜Does PayPal report to the IRS? In its crypto documentation, PayPal explains that .it participates in relevant 1099 information reporting for users that buy, sell, and transact in cryptocurrency on its platform
Does PayPal report bitcoin transactions to the IRS? I'm curious about the tax implications of using PayPal for cryptocurrency trading. In their crypto documentation, PayPal states that they engage in relevant 1099 information reporting for users who engage in buying, selling, and transacting in cryptocurrency on their platform. Could you clarify how this affects my tax obligations? I'd like to ensure I'm compliant with all IRS regulations regarding cryptocurrency transactions.
