RE: IRS Put A 10 Man Team Together To Track Down Crypto Tax Invasion!

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IRS Put A 10 Man Team Together To Track Down Crypto Tax Invasion!

in cryptocurrency •  7 years ago 

If you have trading activity under $20,000, you still may have something to worry about. Coinbase can issue a 1099-K for any amount, including amounts under $20k.

Coinbase is issuing 1099-Ks for tax year 2017. We do not have enough information yet to know if they are NOT reporting any accounts with activity under $20,000 for the year.

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