Are you struggling with crypto tax reporting on Coinbase? You're not alone. Many traders face challenges due to the platform's inadequate tax documentation. It's a serious issue that can lead to IRS audits, as I've seen with numerous clients who inadvertently submitted incorrect tax information from Coinbase.
In this comprehensive video, I delve into the complexities of Coinbase tax reporting. I'll be discussing the three types of tax reports Coinbase generates, analyzing why they may fall short of IRS requirements, and most importantly, providing a step-by-step guide to accurately report your Coinbase trades and steer clear of IRS scrutiny.
➡️ What You'll Learn:
The 3 Tax Reports by Coinbase: We'll break down each report and discuss the information they include (and what's missing).
Common Pitfalls in Coinbase's Reports: Understand the discrepancies that could lead to an audit.
A Foolproof Method for Accurate Tax Reporting: Follow my method to ensure your crypto taxes are reported c...