![]() Obtaining the trade history will vary depending on which DEX you use. Yes, you still have to report DEX trades. A 1099 only shows cumulative income and not each taxable event. Your trades need to be entered in Form 8949. Click your profile icon in the top right corner. Otherwise if you sold it, you need to report your gains and losses. Coinbase Pro Log in to Coinbase Pro on a computer. And I think the only time you don’t need to file if you didn’t sell your crypto, so like if you’re holding it still. Bibox Binance Binance US Bitfinex Bitget (BETA) Bithumb Bitmart (BETA) BitMEX Bitpanda Bitpanda Pro Bitstamp Bittrex Bitrue Bitso Bitvavo Bleutrade BTC Markets Bybit Celsius CEX Coinbase Coinbase Pro Coinbase Prime (BETA) CoinNexus CoinSpot Crex24 Deribit DFX.swiss FTX Gate.io Gemini HitBTC Huobi Indep. Take what you will from this since I’m not even quite sure if I did it right 100% but I finished filing my taxes last night lol. All you need to do is import your exchanges and wallets using a read-only API, a CSV file, or by providing the public receiving addresses. so for the Total losses and gain section, you would just report it through the 1099-b through your tax program/software on your own since coinbase isn’t sending out a it’s own 1099-b form if that makes sense. ZenLedger offers a seamless process for importing your crypto trading history from over 500+ crypto exchanges and wallets. It grows to 110 USDC I then send it back to Coinbase pro, where i originally made the transfer of USD to USDC, and swap. But, how do taxes work when i switch it to usd again So, for example: I turn 100 USD into 100 USDC I send it off to celsius. And in that spot if you had interested earned more than $600 you will get the 1099-miscellaneous form. So i buy all my USDC directly on Coinbase pro, then i transfer it over to celsius to earn interest. And then another section where it has a interesting income from crypto for how long you hold it you earned more interest/money. And for my understanding of coinbase is that there’s one section where it has your total gains and losses. Took me awhile to fill it out, it was confusing af or either that I’m just pretty dumb/slow to figure it out. Robinhood sent me a 1099-B and I just reported all that. For permissions, check view - Koinly only needs read-only access. Give your API key a name, for example 'Koinly'. I think I narrowed it down though, i used both robinhood and coin-base from these I made losses and gains. As bitcoin and a slew of other cryptocurrencies continue to slide Monday, Coinbase unveiled a new suite of resources designed to provide tax. In the top right corner, select your profile. I did come across some forums that were saying you didn’t need to report your gains if it was under $600 or whatever but, I’d rather play it safe and just report it anyways just in case it could become a pain in the ass later. Starting with 2019 tax returns, the IRS requires you to answer yes or no to a question about whether you had any crypto transactions during the year. Yess! When I was searching through Reddit and watching some YouTube tax crypto videos.
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