Coinbase, Exchanges

Did Not Get 1099 From Coinbase?

If you didn’t get a 1099 from Coinbase, don’t worry – you’re not alone.

Coinbase is one of the most popular cryptocurrency exchanges, and because of that, a lot of people are wondering why they haven’t received a 1099 form from the company.

The simple answer is that Coinbase is not required to send out 1099 forms to its users.

However, that doesn’t mean that you won’t have to pay taxes on your Coinbase earnings.

NOTE: WARNING: If you have not received a 1099 from Coinbase, it is important to contact Coinbase customer support immediately. Coinbase may be required by law to send you a 1099 form if you have made over $20,000 in profits from your cryptocurrency trading activities. If Coinbase does not provide you with the 1099 form, it could result in significant penalties from the IRS.

The IRS has stated that all cryptocurrency transactions are taxable, and it is up to the individual to report their earnings.

So, even though you may not have received a 1099 from Coinbase, you will still need to report your earnings to the IRS.

If you’re not sure how to do that, don’t worry – there are plenty of resources available to help you out.

Just make sure that you stay on top of your taxes, and you’ll be fine.

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