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IRS Reporting

IRS Reporting

I didn’t understand what number of exchanges now report our monetary info to the IRS. Wasn't the intent of cryptocurrencies to be off of the books? LOL

Coinbase, Coincase Pro, Gemini, and Binance US all report after we hit each 200+ transactions and $20,000 inside a calendar yr.

Kraken doesn’t report until they’re requested to supply info on a particular particular person resulting from a authorized investigation.

Can anybody add extra to this record of which report back to the IRS and which don’t?

Obviously, we’re all anticipated to report our monetary info to the IRS. It is simply good to know stepping into, which non-public info every alternate has agreed to report.

submitted by /u/joenorwood77
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