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What is the deadline for reporting 1099-B from Coinbase to the IRS?

avatarPaul WalkerNov 26, 2021 · 3 years ago3 answers

Can you please let me know the deadline for reporting 1099-B from Coinbase to the IRS? I want to make sure I comply with all the necessary tax regulations.

What is the deadline for reporting 1099-B from Coinbase to the IRS?

3 answers

  • avatarNov 26, 2021 · 3 years ago
    The deadline for reporting 1099-B from Coinbase to the IRS is April 15th of each year. It is important to accurately report your cryptocurrency transactions to avoid any potential penalties or audits from the IRS. Make sure to keep track of all your transactions and consult with a tax professional if needed.
  • avatarNov 26, 2021 · 3 years ago
    Hey there! When it comes to reporting 1099-B from Coinbase to the IRS, you need to make sure you file your taxes by April 15th. It's always a good idea to keep track of your cryptocurrency transactions and consult with a tax advisor to ensure you're meeting all the necessary requirements.
  • avatarNov 26, 2021 · 3 years ago
    According to the IRS guidelines, the deadline for reporting 1099-B from Coinbase is April 15th. It's important to note that failure to report your cryptocurrency transactions can result in penalties and audits. So, make sure to stay on top of your tax obligations and seek professional advice if needed. By the way, if you're looking for a user-friendly platform to manage your cryptocurrency transactions, you might want to check out BYDFi. They offer a range of features to simplify your tax reporting process.