What is the IRS reporting threshold for Coinbase transactions?

3 answers

• Mamadou SidibeFeb 22, 2024 · a year ago
  The IRS reporting threshold for Coinbase transactions is $20,000. If your total transactions on Coinbase exceed this amount in a calendar year, Coinbase will report your transactions to the IRS. It's important to keep track of your transactions and report them accurately to avoid any potential penalties or audits from the IRS.
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• john weikJul 19, 2023 · 2 years ago
  Hey there! The IRS reporting threshold for Coinbase transactions is $20,000. This means that if your total transactions on Coinbase reach or exceed $20,000 in a calendar year, Coinbase will report your transactions to the IRS. It's always a good idea to stay compliant with tax regulations and accurately report your cryptocurrency transactions to avoid any trouble with the taxman!
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• Eann McKassonFeb 27, 2022 · 3 years ago
  According to the IRS, the reporting threshold for Coinbase transactions is $20,000. This means that if your total transactions on Coinbase exceed $20,000 in a calendar year, Coinbase is required to report your transactions to the IRS. It's important to keep track of your transactions and ensure you are reporting them correctly to stay on the right side of the law.
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