How does FTX handle tax reporting to the IRS?

3 answers

• Nov 27, 2021 · 3 years ago
  FTX takes tax reporting to the IRS seriously and ensures compliance with all relevant regulations. When it comes to tax reporting, FTX provides users with the necessary tools and documentation to accurately report their cryptocurrency transactions. This includes access to transaction history, trade data, and account statements that can be used for tax purposes. FTX also provides guidance on how to calculate capital gains and losses for tax reporting. It is important for users to consult with a tax professional to ensure they are accurately reporting their cryptocurrency activities to the IRS.
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• Nov 27, 2021 · 3 years ago
  FTX has a dedicated tax reporting feature that simplifies the process for users. By linking their FTX account with tax reporting software, users can automatically import their transaction data and generate tax reports. This feature saves time and ensures accuracy in tax reporting. FTX also provides resources and educational materials to help users understand their tax obligations and make informed decisions. It is important for users to review their tax reports generated by FTX and consult with a tax professional if needed.
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• Nov 27, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not handle tax reporting to the IRS directly. However, BYDFi provides users with the necessary transaction data and documentation that can be used for tax reporting purposes. Users are responsible for accurately reporting their cryptocurrency activities to the IRS. It is recommended for users to consult with a tax professional to ensure compliance with tax regulations.
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