how to file taxes for coinbase

Coinbase Pro Coinbase Tax Resource Center. A US person for tax purposes.

3 Steps To Calculate Coinbase Taxes 2022 Updated

It doesnt have enough information to provide you an accurate picture of your tax impact like your cost basis for an asset you received on Coinbase.

. Coinbase does offer reports to help you accurately report your taxes. See this Learn guide for more information to help you with your. Instead we can only provide assumptions for data that we dont have.

This feature is not intended to help you file your taxes. To enable this functionality the TurboTax team has partnered with CryptoTraderTax. Yes youll need to report your cryptocurrency capital gains and losses on your taxes because even if you do not Coinbase does report your crypto activity to the IRS if you meet certain criteria you should be a Coinbase customer.

The Coinbase Transaction History CSV file contains a record of all of your buys sells transfers and investment activity that occurred within your Coinbase account. In this guide we break down the basics of cryptocurrency taxes and walk through the step-by-step process for crypto and bitcoin tax reporting within TurboTaxboth. Should have earned 600 or more in rewards or fees from Coinbase Earn USDC Rewards andor Staking.

Non-US customers will not receive any forms from Coinbase and must utilize their transaction history to fulfil their local tax obligations. TurboTax allows cryptocurrency users to report their cryptocurrency taxes directly within the TurboTax app.

Coinbase 1099 Guide To Coinbase Tax Documents Gordon Law Group