For the 2019 US tax season, Coinbase will be issuing 2 forms to eligible customers: Form 1099-K to qualified Coinbase Pro and Prime customers and Form 1099-MISC to eligible Coinbase.com customers.
Non-US customers will not receive any forms from Coinbase and must utilize their transaction history to inform their local tax obligation.
To be eligible for a Form 1099-K, you must:
Must be a Coinbase Pro or Prime customer
Must have executed 200 trades or more, whose total value is equal to or greater than $20,000* OR met your state’s 1099-K reporting thresholds
Subject to US taxes
For more information on the Form 1099-K, check out this help center article here.
To be eligible for a 1099-MISC, you must have:
A Coinbase.com customer
Received $600 or more in cryptocurrency from Coinbase Earn, USDC Rewards, and/or Staking in 2019
Subject to US taxes
Does Coinbase provide 1099-Bs?
We do not provide 1099-Bs
I didn’t receive any forms from Coinbase. Do I still need to report on my taxes?
If you have sold or converted crypto in the year 2019 and are eligible for US taxes, you must report your trades to the IRS. Please consult a tax advisor for your own specific tax obligations.
If you would like to learn more about how US taxes and crypto work, please visit http://coinbase.com/bitcoin-taxes.
Where can I download my transaction history?
You can download your transaction history at Coinbase.com/reports for your Coinbase.com transactions and the statements section of Pro to download pro transactions.
At this time, we do not provide tax forms for international customers. Please utilize your transaction history.
What is a B-Notice and why did I receive one from the IRS?
You may receive an IRS B-Notice for any discrepancies with your tax identification number (TIN) and legal name used by Coinbase to file the Form 1099-K with the IRS. The B-Notice will:
Let you know what additional information is needed or what needs to be corrected
Inform you what needs to be provided in addition to updating or correcting your name or TIN
To correct your TIN and/or name, please contact support.
For more information about the IRS B-Notice, please go here.
Important Note: Coinbase does not provide tax advice. This material has been prepared for general informational purposes only and should not be considered an individualized recommendation or advice. The information contained herein is not intended to provide, and should not be relied on for tax advice. Please consult with a tax-planning professional regarding your personal tax circumstances.