US customers can use Coinbase Taxes to find out which Coinbase activity is taxable, to see gains, losses, and earned income, and get information and reports (including IRS forms).
Tax forms from Coinbase
If you earned less than $600 in crypto income, you won’t receive a 1099-MISC form from Coinbase.
If you're a US customer who traded futures, you'll receive a 1099-B for this activity by email and in Coinbase Taxes.
Non-US customers won’t receive any forms from Coinbase and must use their transaction history report to fulfill their local tax obligations.
Coinbase Taxes doesn’t include Coinbase Pro or Coinbase Wallet activity. Go to Statements to download Pro transactions.
Crypto tax details
There are two types of crypto taxes in the US: capital gains and income tax.
Trading fees: They're included in your cost basis (how much you paid for your crypto) and excluded from your proceeds (how much you earn from selling or trading).
Donations: Charitable contributions of crypto may be tax deductible. Consult your tax adviser.
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