Note
The Coinbase tax center is only available to retail trading customers. If you use multiple wallets or exchanges (or previously used Coinbase Pro), we suggest using alternative tools for tax reporting such as Crypto Tax Calculator or CoinTracker. For more info, visit our help article: Use Crypto Tax Calculator, or CoinTracker to report on cryptocurrency.
Coinbase issues an IRS form called 1099-MISC to report miscellaneous income rewards to US customers that meet certain criteria. You can find all of your IRS forms in the Documents section of your Coinbase Tax Center.
Coinbase does not issue IRS Form 1099-K.
Who receives an IRS Form 1099-MISC from Coinbase?
You'll receive IRS Form 1099-MISC from Coinbase if:
You're a Coinbase customer AND
You're a US person for tax purposes AND
You've earned $600 or more in miscellaneous income such as rewards or fees from Learning rewards, USDC Rewards, and/or staking
Coinbase will provide tax year 2025 Form 1099-MISC to you no later than mid-February 2026 and you will receive an email when it is ready for download.
This is income paid to you by Coinbase, so you may need Coinbase’s tax identification number (TIN) when you file your taxes: 45-5293997.
Why doesn’t the number on my IRS Form 1099-MISC match the “Estimated income” number in the Tax Center?
The number on your Form 1099-MISC might not match the MISC income number in the Tax Center. You should use the number on your Form 1099-MISC to file your taxes. The most common reasons these numbers might differ are:
Coinbase reports some Base App income, such as USDC reward payout, on Form 1099-MISC for customers receiving Form 1099-MISC. This number is not shown in MISC income in the Tax Center.
I received a 1099-MISC but it doesn't match my account, or I don't have a Coinbase account
In some cases, you may receive an IRS Form 1099-MISC from Coinbase even if you don't have a Retail Coinbase account, or if the amount on the form doesn't match the activity shown in your Coinbase Retail account. This may happen if you are an underlying investor in a partnership that does have a relationship with Coinbase. The partnership may be an Institutional client and based on its U.S. tax classification, Coinbase may be required to look through it for U.S. tax reporting purposes and required to report Form 1099-MISC reportable income (e.g. such as staking rewards) to you as the underlying investor.. This IRS Form 1099-MISC will come from Coinbase Custody Trust Company.
If this applies to you:
The income reported on your 1099-MISC is based on your investment in the partnership, not on any Retail Coinbase account activity.
Consult with the partnership associated with your investment for more details about the reported amounts.
Related article(s):