How does Voyager handle IRS reporting for cryptocurrency trades?

3 answers

• Feb 17, 2022 · 3 years ago
  Voyager takes IRS reporting for cryptocurrency trades very seriously. They have implemented a robust system to ensure compliance with tax regulations. When you make a cryptocurrency trade on Voyager, they automatically track and record all relevant transaction details, including the date, time, amount, and cost basis. This information is then used to generate accurate tax reports, such as Form 1099-B, which you can easily download and provide to the IRS. Voyager also provides educational resources and guidance on cryptocurrency taxation to help users understand their tax obligations.
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• Feb 17, 2022 · 3 years ago
  Handling IRS reporting for cryptocurrency trades can be a complex task, but Voyager has made it simple and hassle-free. They have partnered with leading tax software providers to streamline the reporting process. When you use Voyager to trade cryptocurrencies, your transaction data is seamlessly integrated with these tax software platforms. This ensures that all your trades are accurately reported to the IRS. Voyager also provides a comprehensive tax dashboard where you can view and download your tax reports. With Voyager, you can trade cryptocurrencies with peace of mind, knowing that your tax obligations are being taken care of.
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• Feb 17, 2022 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not handle IRS reporting for cryptocurrency trades. However, it is important to note that tax reporting is a crucial aspect of cryptocurrency trading. If you use Voyager for your trades, you can rest assured that they have implemented the necessary measures to comply with IRS regulations. They track and record all relevant transaction details, making it easier for you to report your cryptocurrency gains and losses accurately. Remember to consult with a tax professional for personalized advice on your specific tax situation.
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