Coinbase 1099 is a form that used to be issued by the site for its users. However, Form 1099 can no longer be received through Coinbase, starting from the 2020 tax season. As a user, you need to know what Form 1099 is, where you can get it, and how you should organize your records of crypto transactions to stay on top of your taxes. Read on to learn about Form 1099 on Coinbase … [Read more...] about Coinbase 1099: How to File Your Taxes for Crypto Purchases
Crypto regulation is drastically different from country to country and, in the U.S., even from state to state in some instances. Get the latest news and notes on regulation in the U.S. and around the world.
Cryptocurrency tax software is an essential way to untangle the years of playing around with cryptocurrency. It's easy to log your software of choice into every single online exchange you’ve ever used. Then, the cryptocurrency tax software’s API (application programming interface) can download all the historic buys, sells, and trades, and figure out how best to sort them out by … [Read more...] about Cryptocurrency Tax Software Reviews for 2021
Coinbase and Turbotax make it as easy as possible to import your trades and prepare your taxes. You can download a Coinbase .CSV export and then import it directly into your Turbotax account. Turbotax offers live CPAs for assistance. If you are new to crypto, been trading since Coinbase launched in 2012, or if you are being compensated with Bitcoin, Turbotax can sort out your … [Read more...] about Coinbase and Turbotax Integrate with CoinTracker
Binance taxes cryptocurrency as property because that's how the U.S.A. and other countries collect it. Binance processes more than $1 billion-a-day and works hard to keep on the good side of the government and their tax agencies—especially since America's an extremely good client and failure to report your cryptocurrency taxes can result in IRS fines up to $250,000 (and … [Read more...] about Binance Taxes Can Be Extremely Easy or Very Very Hard
For Coinbase, Monero (XMR) isn't in the cards for now. The baby of Bitcoin, Monero is a privacy coin. Born of mystery, Monero was a fork of Bitcoin and can be bought, sold, and traded almost completely anonymously. For Coinbase, Monero would expose it to too much liability to include in its exchange. Public & Private While Bitcoin is also a privacy coin, any exchange … [Read more...] about For Coinbase, Monero is Too Private and Way Too Controversial