I'm a Certified Accountant — Don't Make These 5 Tax Filing Mistakes on Crypto Earnings [Yahoo! Finance]
Coinbase Global, Inc. - Class A (COIN)
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Source: Yahoo! Finance
Check Out: The 7 Worst Things You Can Do If You Owe the IRS Read Next: 6 Genius Things All Wealthy People Do With Their Money Presuming that the Internal Revenue Service (IRS) isn't able to detect digital transactions — and that they consequently don't need to be reported — is the No. 1 mistake crypto traders make, according to certified public accountant and CoinTracker tax expert Shehan Chandrasekera. “People still think that crypto is kind of invisible to regulators,” Chandrasekera told CNBC Make It . “Truthfully, there are so many ways the IRS knows you've had something to do with crypto.” Everyone who files a Form 1040 (Individual Income Tax Return), 1040-SR (U.S. Tax Return for Seniors) or 1040-NR (U.S. Nonresident Alien Income Tax Return) has to report all digital asset-related income — convertible virtual currency and cryptocurrency, stablecoins, non-fungible tokens (NFTs) — when they file their 2023 federal income tax return. Not receiving a 1099 miscellaneous form
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News
- Why Ethereum, Dogecoin, and Bitcoin Cash Are Slumping Today [Yahoo! Finance]Yahoo! Finance
- If You Invested $1,000 in Shiba Inu Crypto in 2020, It Would Be Worth $24 Million Now [Yahoo! Finance]Yahoo! Finance
- New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year [Yahoo! Finance]Yahoo! Finance
- New court filings show SEC, Chair Gensler believed ethereum was a security for at least a year [FOX Business Network]FOX Business Network
- Curious about Coinbase Global (COIN) Q1 Performance? Explore Wall Street Estimates for Key Metrics [Yahoo! Finance]Yahoo! Finance
COIN
Earnings
- 2/15/24 - Beat
COIN
Sec Filings
- 4/25/24 - Form 4
- 4/25/24 - Form ARS
- 4/25/24 - Form DEF
- COIN's page on the SEC website