How to Do Your Coinbase Taxes | Explained by a Crypto Tax Attorney

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 correctly.

By the end of this video, you’ll have a clear understanding of the tax reporting process for Coinbase and feel confident in filing your crypto taxes correctly. Whether you're a seasoned trader or new to the crypto world, this video is a must-watch to ensure your tax reporting is accurate and audit-proof.

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#coinbase #cryptotaxes #crypto

➡️Timestamps:
00:00 Coinbase Tax Forms
00:55 Coinbase 1099-MISC
02:26 Coinbase Form 8949
03:34 Coinbase Gain Loss Report
04:08 How to Report Coinbase Taxes
04:51 How to Find Coinbase Tax Forms
05:20 Leave a Comment!

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