Crypto brokers like Coinbase send IRS form 1099-DA to crypto users.
New U.S. crypto tax reporting rules are creating unnecessary paperwork for millions of retail traders, according to Coinbase. "Frankly, [small retail] transactional flow is so small, I just don’t know ...
Executives at Coinbase have denied allegations that the crypto exchange is blocking a de minimis tax exemption for Bitcoin ...
Cryptocurrency trading giant Coinbase (COIN) said new U.S. tax reporting requirements are overly onerous for many crypto holders and add unnecessary clutter to the country's taxation system. While the ...
Cryptocurrency exchanges are moving to a new way of reporting users’ profits to the IRS — and the switch could expose investors to a steeper tax bill if they aren’t careful. A tax form that’s more ...
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What is the de minimis exemption, and why does it matter for Bitcoin?
After the initial uproar from a March 11 report that claimed that Coinbase was lobbying Capitol Hill against a de minimis tax exemption for Bitcoin, the rhetoric has since been dialed as strong ...
Coinbase contends that applying traditional reporting obligations to cryptocurrency transfers could easily result in a deluge of documentation without a corresponding increase in tax revenue. The ...
IRS proposes digital-only Form 1099-DA delivery, expanding crypto tax reporting requirements & increasing oversight of exchanges & investors.
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