Coinbase, Exchanges

Does Coinbase Pro Issue 1099?

As a US-based exchange, Coinbase is required to issue 1099 forms to customers who have made over $600 in profits through trading on the site. For customers who have not made over $600, Coinbase will still provide them with a 1099-K form that reports their total trading volume for the year.

Coinbase has a few different options when it comes to withdrawing your earnings. You can either have Coinbase send you a check, wire the money to your bank account, or have the funds deposited into your PayPal account.

If you choose to have Coinbase issue you a check or wire the money to your bank account, they will automatically issue a 1099 form to you along with your earnings. If you have the funds deposited into your PayPal account, Coinbase will not issue a 1099 form.

The 1099 form that Coinbase sends out reports your total profits for the year, so it is important to keep track of your trades and calculate your own taxes owed. Coinbase does not withhold any taxes from your earnings, so it is up to you to make sure you are paying what you owe.

In conclusion, Coinbase does issue 1099 forms to customers who have made over $600 in profits through trading on the site.

If you choose to have Coinbase issue you a check or wire the money to your bank account, they will automatically issue a 1099 form to you along with your earnings.

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