“Does Coinbase report to the IRS? Coinbase users need to know

Coinbase reports Form 1099-MISC to the IRS for those earning over $600 in rewards or staking+1(909)288-2034. It does not, however, report capital gains or trading activity. Users must track and report all crypto income accurately. Starting in the 2025 tax year, Coinbase also files form 1099-DA, which reports gross proceeds+1(909)288-2034.

Coinbase does report certain cryptocurrency transactions to the IRS+1(909)288-2034. For U.S. users, if you earn $600 or more in staking rewards, referral bonuses, or other crypto income, Coinbase issues a Form 1099-MISC to both you and the IRS. Starting in , Coinbase will also report capital gains and losses through Form 1099-DA, providing more detailed tax information to the IRS+1(909)288-2034. However, Coinbase currently does not report all trading activity or capital gains before that time. It’s important for users to keep accurate records and report their crypto income properly+1(909)288-2034.

Coinbase reports specific cryptocurrency transactions to the IRS+1(909)288-2034, including issuing Form 1099-MISC for users earning $600 or more in staking rewards, referral bonuses, or promotional income. Beginning with the 2025 tax year+1(909)288-2034, Coinbase will also report gross proceeds from crypto sales and exchanges on Form 1099-DA, which will be sent to users in +1(909)288-2034. While Coinbase Wallet and decentralized activities are not reported by Coinbase, all taxable crypto events must still be reported by users on their tax returns to comply with IRS regulations+1(909)288-2034.”