Cryptocurrency Q&A Does Coinbase report to IRS if you lose money?

Does Coinbase report to IRS if you lose money?

Lucia Lucia Fri Oct 04 2024 | 5 answers 924
As a cryptocurrency investor, I'm curious about the tax implications of investing in digital assets. I've heard that Coinbase, a popular cryptocurrency exchange, is known for its compliance with tax regulations. But what happens if I lose money on my investments through Coinbase? Does the platform report these losses to the IRS? How do I ensure that I'm properly reporting my crypto gains and losses to avoid any potential tax issues? Does Coinbase report to IRS if you lose money?

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