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Stock impact report

Most Crypto Users Are Unaware Of New Tax Rules, Coinbase Survey Finds [Yahoo! Finance]

Coinbase Global, Inc. - 3Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
The majority of U.S. cryptocurrency users are oblivious to new tax reporting rules, cryptocurrency exchange Coinbase Global (NASDAQ: COIN ) and tax software company CoinTracker have found. About 61% of cryptocurrency users are unaware of new rules for reporting 2025 taxes, a Coinbase and CoinTracker survey of 3,000 cryptocurrency users published recently showed. The survey comes ahead of the April 15 tax filing deadline for the 2025 tax year. Don't Miss: How Active Traders Use Leveraged ETFs During Market Swings — And Where Direxion Fits In See What AI Could Build for Your Portfolio — Try a Custom Index Now The way cryptocurrency users should file taxes changed in 2025 following the IRS's introduction of Form 1099-DA, requiring users to report the gross proceeds from cryptocurrency transactions. The form is sent by brokers and, for the 2025 reporting year, will require users to calculate the cost basis for all their transactions. Coinbase last month criticized the new r Show less Read more
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