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
taxation
Binance Taxes Can Be Extremely Easy or Very Very Hard
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
Coinbase Taxes: How to Report Your Crypto Earnings
Coinbase taxes may sound like a contradiction. Many cryptocurrency traders think of their investments as “off the grid.” However, diversifying your crypto portfolio and making it bigger comes with the responsibility to pay taxes on Bitcoin and other popular currencies. If you’re a US trader, you need the information below to gain a basic understanding of your tax … [Read more...] about Coinbase Taxes: How to Report Your Crypto Earnings
