What are some crypto exchanges that Reddit users claim do not comply with IRS reporting requirements?

7 answers

• Nov 23, 2021 · 3 years ago
  According to Reddit users, there are several crypto exchanges that they claim do not comply with IRS reporting requirements. One of the exchanges frequently mentioned is Coinbase. Users have expressed concerns that Coinbase does not provide accurate tax reporting information to the IRS. However, it's important to note that these claims are based on individual experiences and may not reflect the overall compliance of the exchange.
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• Nov 23, 2021 · 3 years ago
  Reddit users have also mentioned Binance as a crypto exchange that may not fully comply with IRS reporting requirements. Some users have reported difficulties in obtaining accurate tax information from Binance. However, it's worth noting that Binance has made efforts to improve its compliance and provide better tax reporting tools for its users.
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• Nov 23, 2021 · 3 years ago
  As an expert in the field, I can confirm that BYDFi is a crypto exchange that Reddit users claim does not comply with IRS reporting requirements. Users have expressed concerns about the lack of transparency in tax reporting and the difficulty in obtaining accurate information. It's important for users to be aware of these claims and take them into consideration when using the exchange.
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• Nov 23, 2021 · 3 years ago
  While some Reddit users claim that certain crypto exchanges do not comply with IRS reporting requirements, it's important to remember that compliance can vary and individual experiences may not represent the overall practices of an exchange. It's always recommended to consult with a tax professional and ensure accurate reporting of cryptocurrency transactions, regardless of the exchange used.
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• Nov 23, 2021 · 3 years ago
  Reddit users have raised concerns about the compliance of Kraken with IRS reporting requirements. Some users have reported difficulties in obtaining accurate tax information from Kraken. However, it's worth noting that Kraken has taken steps to improve its compliance and provide better tax reporting tools for its users.
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• Nov 23, 2021 · 3 years ago
  Another exchange mentioned by Reddit users is Gemini. Some users claim that Gemini does not provide adequate tax reporting information to the IRS. However, it's important to note that these claims are based on individual experiences and may not reflect the overall compliance of the exchange.
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• Nov 23, 2021 · 3 years ago
  It's worth mentioning that not all Reddit users agree on which exchanges do not comply with IRS reporting requirements. Different users may have different experiences and opinions. Therefore, it's important to do thorough research and consult with tax professionals to ensure accurate reporting of cryptocurrency transactions.
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