What are the differences between Coinbase and the IRS in terms of reporting requirements for cryptocurrency?

1 answers

• Dec 19, 2021 · 3 years ago
  As an expert in the field of cryptocurrency, I can tell you that Coinbase and the IRS have different reporting requirements. Coinbase collects personal information from its users and reports certain transactions to the IRS. On the other hand, the IRS requires cryptocurrency holders to report their holdings and transactions on their tax returns. It's crucial for cryptocurrency users to understand and comply with these reporting requirements to ensure they are in compliance with the law.
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