4 ms·
Coinbase has already issued tax forms for those who owe capital gains taxes because of cryptocurrency sales. So this isn't in any way new or unexpected.
by koboll 9y ago
Coinbase has already issued tax forms for those who owe capital gains taxes because of cryptocurrency sales. So this isn't in any way new or unexpected.
- pmorici 9y agoI don't think that is correct. They are issuing 1099-K's for people who are accepting Bitcoin payments through Coinbase. They haven't issued any 1099's for people who only have a capital gain from buying and selling.
- dmeeker 9y agoTrue, but they did add some tools to the tax center tab to make it easy to calculate your gains/losses for tax purposes.
- AskewEgret 9y agoWe used Coinbase purely for trading and received a 1099-K
- dgacmu 9y agoThe definition not accepting payments is broad, though: if you made a profit trading alt-coins on another exchange and cashed out using coinbase, you get a 1099-K.