If you’re a US-based Coinbase customer, you should have received an IRS Form 1099-K for tax purposes by now. If you didn’t, there are a few possible explanations:
1. You didn’t meet the threshold for receiving a 1099-K.
2. You requested that Coinbase not send you a 1099-K.
3. Coinbase didn’t have your correct mailing address on file.
If you believe you should have received a 1099-K and you didn’t, the first thing you should do is check whether or not you meet the criteria for receiving one. To get a 1099-K from Coinbase, you must have had more than 200 transactions in a single year and your gross volume must have exceeded $20,000 USD during that same year.
NOTE: WARNING: Coinbase is not a tax advisor and cannot provide tax advice. You should consult a qualified tax professional to ensure that you understand and comply with applicable tax laws in your jurisdiction. Coinbase does not provide any guarantee or assurance regarding the accuracy or completeness of the information provided in its tax documents. Coinbase bears no responsibility for any errors or omissions made in preparing your Coinbase Tax Documents.
If you did meet the criteria but still didn’t receive a 1099-K, it’s possible that you requested not to receive one when you first signed up for Coinbase or at some point after that. If that’s the case, you can contact Coinbase support to see if they can generate one for you.
Finally, it’s possible that Coinbase simply doesn’t have your correct mailing address on file. In that case, you’ll need to update your address with Coinbase and then request a new 1099-K be sent to you.
If none of these explanations seem to fit your situation, reach out to Coinbase support for help troubleshooting the issue.
In short, if you’re a US-based Coinbase customer who should have received a 1099-K but didn’t, there are a few possible explanations: 1) you didn’t meet the criteria; 2) you requested not to receive one; or 3) Coinbase doesn’t have your correct mailing address on file. If none of these apply to you, reach out to Coinbase support for help troubleshooting the issue.
7 Related Question Answers Found
As the largest US cryptocurrency exchange, Coinbase is under constant scrutiny from the IRS. In 2017, the IRS issued a John Doe summons to Coinbase, seeking information on all US customers who had made transactions worth $20,000 or more from 2013 to 2015. Coinbase fought the summons in court and eventually won, but the IRS has since issued a narrower summons for information on customers who have made trades worth $20,000 or more from 2015 to 2017.
If you’re one of the millions of people who trade cryptocurrencies, you may be wondering if Coinbase sends tax documents. The answer is: it depends. If you’re a US-based customer, Coinbase will send you a 1099-K form for any year in which you’ve made over $20,000 in trades.
If you’re a US-based customer, you can receive your tax statement from Coinbase Pro by following these steps:
1. Log in to your account and go to the ” Taxes ” page.
2. Under the ” Tax Documents ” section, select the year for which you’d like to receive your tax statement.
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If you’re a Coinbase user, you may be wondering how to get your Coinbase statement. Here’s a quick guide on how to do just that. First, log in to your Coinbase account.
Assuming you would like an article discussing the process of registering for a Coinbase account:
Coinbase is a digital asset exchange company headquartered in San Francisco, California. They broker exchanges of Bitcoin, Ethereum, Litecoin and other digital assets with fiat currencies in 32 countries, and bitcoin transactions and storage in 190 countries worldwide. As of May 2018, Coinbase had over 13 million users. .
Assuming you’re talking about a Bitcoin transaction:
The first step is finding your wallet address. This is the long string of numbers and letters that you give to someone who’s sending you Bitcoin. If you’re not sure where to find this, check out this link: https://support.coinbase.com/customer/en/portal/articles/2109597-where-is-my-wallet-address- .
As of late, Coinbase has been receiving a lot of flak due to the platform’s new verification process. A lot of users have been complaining about how long the process is taking, and some have even been locked out of their accounts for days. If you’re one of the many people who are wondering how to verify your personal information on Coinbase, don’t worry, we’ve got you covered.
