How to Do Your Coinbase Taxes | Explained by Crypto Tax Expert

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  • Опубликовано: 2 июл 2024
  • Use Coinbase? Find out how to do your Coinbase taxes.
    Want to know how to file taxes on your Coinbase activity? Let’s break down what you need to know about Coinbase taxes. In this video, David Kemmerer, crypto tax expert and CEO at CoinLedger (formerly CryptoTrader.Tax) explains how to report your taxes from Coinbase activity to the IRS for complete beginners.
    ✅ Get started with CoinLedger, the crypto tax reporting platform trusted by more than 250,000+ crypto and NFT investors. Generate a free preview report today: bit.ly/3LtPfB4
    📚 Learn more about CoinLedger (rebranding from CryptoTrader.Tax): coinledger.io
    🔴 Subscribe for more tax tips: / @coinledger
    🔴 Connect with us on social media:
    David’s Twitter: / david_kemmerer
    CoinLedger Twitter: / coinledger
    ✅ Recommended Videos:
    Crypto Taxes 101: Step-By-Step Guide: • Crypto Taxes 101: The ...
    Timestamps:
    0:00 Introduction
    0:50 How is cryptocurrency taxed?
    1:43 Does Coinbase report to the IRS?
    2:17 Does Coinbase send tax forms to customers?
    2:44 Why aren’t my Coinbase tax forms helpful?
    3:53 How to file your Coinbase taxes in minutes
    #Cryptocurrency #CryptoTaxes #Coinbase #Taxes
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Комментарии • 13

  • @piotheceator
    @piotheceator Месяц назад

    Thanks sir for the info

  • @s.thomas5220
    @s.thomas5220 4 месяца назад

    I am part of the celsius debacle I am pretty sure I bought all my cripto on coinbase and then sent it to celsius. How do I figure my cost basis?

  • @loganconlon3805
    @loganconlon3805 Год назад +1

    I am impressed with the expert knowledge David and the Coinbase team shares in this video. Makes such a complicated concept easy to understand. Thank you!

  • @WylandProductions
    @WylandProductions 2 года назад +2

    Pretty sure I got 3 1099s from exchanges last year and none of them are right... Is it okay if our gains don't match up?

    • @coinledger
      @coinledger  2 года назад +1

      1099s from cryptocurrency exchanges can often be missing a lot of critical information that's needed to report your taxes. We break down exactly how to handle them in this blog here: coinledger.io/blog/crypto-form-1099

  • @andyalbright1991
    @andyalbright1991 Год назад

    Can I print my 1099 off your app?

  • @ricardoa2894
    @ricardoa2894 2 месяца назад

    Do we have to pay TAX even if we have yearly final loses after dozens of transactions from crypto to other crypto but ended losing money ?? And never converted back to national currency US dollars ? Do we have to pay taxes for every succesful “temporary profit” and stayed in Bitcoin ?

    • @nerios.v
      @nerios.v 2 месяца назад +1

      you only pay taxes when you sell for a profit, but you have to report your losses because it's beneficial to you, losses are only calculated when you sell, not simply because the price goes down while holding. Taxable events are only when you sell the cryptocurrency.

  • @louisvillalba7695
    @louisvillalba7695 Год назад +1

    Please can I call you or email you I’m freaking out. I have no clue about taxes and Tia goes back all the way to 2019. Please help 😭😭