What should I do if I didn't receive a 1099 from Coinbase for my cryptocurrency earnings in 2024?

5 answers

• Cedric DrappMar 03, 2023 · 3 years ago
  If you didn't receive a 1099 form from Coinbase for your cryptocurrency earnings in 2024, don't panic. While it is recommended to report all your income accurately, the absence of a 1099 form does not exempt you from reporting your earnings. You can still report your cryptocurrency earnings by using other documentation, such as transaction history, trade confirmations, or bank statements. Make sure to keep detailed records of your trades and consult with a tax professional to ensure you report your earnings correctly.
  523

  262
• Bidisha ShîtSep 23, 2022 · 3 years ago
  Oh no! No 1099 form from Coinbase? Don't worry, you can still report your cryptocurrency earnings without it. Just gather all the necessary information, such as your transaction history and trade confirmations, and use that to calculate your earnings. Remember to keep accurate records and consult with a tax professional if needed. Reporting your earnings accurately is important to stay compliant with tax regulations.
  420

  140
• Milly NamayanjaMar 19, 2024 · 2 years ago
  If you didn't receive a 1099 form from Coinbase for your cryptocurrency earnings in 2024, you can still report your earnings using other documentation. Coinbase is not the only source of information for your transactions. You can gather transaction history and trade confirmations from other exchanges or wallets you have used. It's important to keep detailed records and consult with a tax professional to ensure you report your earnings correctly and comply with tax regulations. Remember, it's your responsibility to report your earnings, even if you didn't receive a 1099 form.
  581

  146
• Khin Aye Aye NyeinJan 14, 2021 · 5 years ago
  As an expert in the cryptocurrency industry, I understand the frustration of not receiving a 1099 form from Coinbase for your cryptocurrency earnings in 2024. However, it's important to remember that Coinbase is not the only platform you may have used for trading. You can still report your earnings by gathering transaction history and trade confirmations from other exchanges or wallets you have used. It's always a good idea to consult with a tax professional to ensure you report your earnings accurately and comply with tax regulations.
  541

  109
• Md Saha Alom BebsaMar 26, 2023 · 3 years ago
  At BYDFi, we understand the importance of accurate tax reporting for cryptocurrency earnings. If you didn't receive a 1099 form from Coinbase, you can still report your earnings by using other documentation. Gather transaction history, trade confirmations, or bank statements to calculate your earnings. It's crucial to keep detailed records and consult with a tax professional to ensure compliance with tax regulations. Remember, accurate reporting is essential for maintaining a good standing with tax authorities.
  516

  86