Coinbase Sends American Clients IRS Tax Form 1099-K – Bitcoin News

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San Francisco-based cryptocurrency exchange Coinbase has issued 1099-K tax forms for a certain segment of its clients in the US on January 31. The company explains that it files 1099-K for customers who have received cash above the required reporting threshold, which is more than 200 receipt transactions or greater than $20,000 during the year. This also includes “business use” accounts, as well as GDAX accounts in which sales of cryptocurrency for cash have occurred that exceed the thresholds.

Source: Coinbase Sends American Clients IRS Tax Form 1099-K – Bitcoin News

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