common-close-0
BYDFi
Trade wherever you are!

What are the tax reporting deadlines for Coinbase users?

avatarHomeloanrateofinterestDec 22, 2021 · 3 years ago1 answers

As a Coinbase user, I would like to know the tax reporting deadlines that I need to be aware of. Can you provide me with the specific deadlines and any important information related to tax reporting for Coinbase users?

What are the tax reporting deadlines for Coinbase users?

1 answers

  • avatarDec 22, 2021 · 3 years ago
    As an expert at BYDFi, I can tell you that Coinbase users have specific tax reporting deadlines to keep in mind. In the United States, the general tax filing deadline is April 15th. However, if you've received more than $20,000 in cash from selling cryptocurrency or have conducted more than 200 transactions, you'll receive a Form 1099-K from Coinbase. This form will provide a summary of your transactions, which you'll need to report on your tax return. It's important to stay organized and keep track of your Coinbase transactions to ensure accurate reporting.