Coinbase Sends American Clients IRS Tax Form 1099-K – Bitcoin News
Flexslider February 2, 2018 , by Steel Rose Comments Off on Coinbase Sends American Clients IRS Tax Form 1099-K – Bitcoin News 12San 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
Author
Related Articles
PwC Commits to Standards for Crypto Community
October 9, 2018
How You Can Secure Your Data with Blockchain
August 16, 2018NYSE-owner ICE to Form Trading Platform for Crypto
August 3, 2018
Sorry, America, You Have to Pay Taxes on Your Bitcoin
February 28, 2018