What information does Coinbase Pro share with the IRS?
Shivam PandeyNov 25, 2021 · 3 years ago3 answers
Could you please provide more details on the information that Coinbase Pro shares with the IRS?
3 answers
- Nov 25, 2021 · 3 years agoCoinbase Pro is required by law to share certain information with the IRS. This includes the customer's name, address, social security number, and transaction history. The purpose of this reporting is to ensure compliance with tax regulations and prevent tax evasion. It's important to note that Coinbase Pro only shares information with the IRS when required to do so by a valid legal request.
- Nov 25, 2021 · 3 years agoWhen it comes to sharing information with the IRS, Coinbase Pro follows the guidelines set by the US government. This means that they provide the necessary information to comply with tax regulations and prevent any illegal activities. It's important for users to be aware of their tax obligations and report their cryptocurrency transactions accurately.
- Nov 25, 2021 · 3 years agoAs a leading cryptocurrency exchange, Coinbase Pro takes its legal obligations seriously. They share information with the IRS as required by law. This ensures transparency and helps maintain the integrity of the cryptocurrency market. It's important for users to understand that this is a standard practice followed by most reputable exchanges in the industry.
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