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What is the process for receiving a 1099 form from Coinbase for tax purposes?

avatarHtet Oo YanDec 17, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for receiving a 1099 form from Coinbase for tax purposes? I would like to ensure that I am properly reporting my cryptocurrency transactions.

What is the process for receiving a 1099 form from Coinbase for tax purposes?

1 answers

  • avatarDec 17, 2021 · 3 years ago
    The process of receiving a 1099 form from Coinbase for tax purposes is quite straightforward. First, log in to your Coinbase account and navigate to the 'Reports' section. There, you'll find the option to generate a tax report or a 1099 form. Fill in the required information, such as your personal details and tax identification number. After completing the form, review it for accuracy and download or print it for your records. It's important to note that Coinbase only provides a 1099 form for specific types of cryptocurrency transactions, so make sure to report any other transactions separately if necessary.