Crypto Firms Must Report Info On Trades To IRS Under New Anti-Tax Evasion Rule [Forbes]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Source: Forbes
in two years, the agency , a reporting requirement introduced to curb through the cryptocurrency market. PARIS, FRANCE - APRIL 13: The requirement will begin in 2026. (Photo illustration by Chesnot/Getty ... [+] Images) The rule, which goes into effect in 2026, requires crypto exchanges and payment processors like Coinbase to report information on user sales and trades to the IRS, according to a from the agency. The IRS said the rule isn't a new tax, noting cryptocurrency investors have always owed taxes when they sell their assets, and the new rules are “similar to those that already applied to traditional financial services. The rule is being touted as a way of preventing tax evasion on crypto platforms, which can make the crime through the fact that transactions can be linked to public addresses that are tough to connect with particular traders. The change also means crypto traders will get simple tax reporting forms each year like investors in stocks and other traditiona
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COIN
Earnings
- 5/2/24 - Beat
COIN
Sec Filings
- 7/1/24 - Form 144
- 6/27/24 - Form 4
- 6/20/24 - Form 4
- COIN's page on the SEC website