How will I receive a Form 1099-K? If Coinbase is required to send you a Form 1099-K, you will receive an email from Coinbase with a link to access your Form 1099-K. Additionally, you can go to Statements in your Coinbase Pro account to access transaction history and a copy of the Form 1099-K to download.
Along with that, does exodus report to IRS?
Tax natively integrates with Exodus so that users can import transactions and generate their needed tax reports with the click of a button.
At all events, do I pay taxes on Coinbase? If it's sitting in your wallet, but Coinbase or any other exchange has not yet started supporting the protocol and so you can't do anything with it, it's not taxable yet. Crypto received in a fork becomes taxable when you have the ability to transfer, sell, exchange or otherwise do something with it.
As well as, how much is crypto taxed?
If you're classed as a cryptocurrency investor, you'll be taxed on any capital gains resulting from your crypto transactions. However, if you hold your crypto for more than 12 months, you may be eligible for a 50% CGT discount.
Do I have to report Cryptocurrency on taxes?
In short, the only answer the IRS gave regarding that classification was that anyone holding crypto for less than a year would need to consider any profits from them to be taxed as ordinary income. Those who have held for longer should consider them to be capital gains or losses and reported as such.