Best sites to buy bitcoin in usa
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In the past, the IRS has sought more detailed information from Coinbase. You can generate your gains, losses, and income tax reports from your Coinbase investing activity by connecting your account with CoinLedger. Because of this limitation, Coinbase does not send B's with cost basis information like traditional brokerages. Some users receive Coinbase tax forms to assist in accurate reporting. Meanwhile, earning cryptocurrency through staking, mining, or interest rewards should be reported as personal income and will be taxed accordingly.