Taxes

IRS Form 8949

Taxpayers with gains or losses must detail their gains and losses across a few different forms. The most granular of these forms is the IRS Form 8949

Form 8949 captures the details of every sale triggering a gain or loss.  The details supporting the final calculation include, but are not limited to, asset identity, date acquired, date sold, proceeds, cost basis, short versus long term, and gain or loss. 

Form 8949 must consolidate all transactions that feed into the Schedule D: capital gains/losses, across securities and crypto transactions that go onto Form 8949. Users can prepare as many Form 8949s as they want; they all roll up to a Schedule D.

Coinbase does not provide Form 8949

From tax year 2025 and onward, Form 8949 will no longer be available through the Coinbase Retail Tax Center. Users  who wish to receive a Form 8949 may subscribe to a CoinTracker plan. Coinbase One Preferred and Premium members will qualify for credits that can be used towards purchasing a CoinTracker Plan through which they can receive a Form 8949.

Customers who file their own taxes likely need to fill out a Form 8949 with all their gain/loss activity. The IRS publishes an editable PDF.

Customers who file with a filing software such as TurboTax or H&R Block often do not need to fill out this form themselves, since the software takes care of this form. 

Customers who file with a CPA may be asked for a Form 8949.

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