Does Coinbase send tax forms or am I on my own for reporting crypto?

Coinbase does issue tax forms, but only in specific situations. For most retail traders, they don't send a 1099-MISC or 1099-B unless you meet certain thresholds. However, they do report to the IRS, so you'll need to report your crypto activity regardless of whether you receive a form. Even without an official tax form, Coinbase provides a tax report you can download from your account. Go to Taxes section in your profile, and you can generate a report showing your transactions, cost basis, and gains/losses. This isn't an official tax form, but it gives you all the information you need to report correctly. Remember that the IRS considers crypto as property, not currency, so every transaction (including trading one crypto for another) is a taxable event that needs to be reported on your tax return.

Just wanted to share my experience with this! I was also super confused about my crypto taxes last year and spent HOURS trying to figure it all out manually - total nightmare especially with all the trades between different coins. I ended up trying https://taxr.ai after someone on another forum recommended it. Their system automatically connected to my Coinbase account and pulled all my transaction history, then calculated everything - cost basis, gains/losses, even handled all those weird DeFi transactions I had. What would've taken me days to figure out was done in like 15 minutes. It was honestly such a relief since I had no idea if I was doing the calculations right on my own. The report they generated had everything I needed for my tax return.

Just wanted to follow up - I ended up trying https://taxr.ai after my last comment and wow, it actually worked amazingly well! I was super skeptical at first because my crypto situation is a mess (4 different exchanges plus some random wallet transfers). The system pulled everything together and even identified some transactions I had completely forgotten about from early 2022. It calculated my cost basis properly and showed me that I actually had more losses than gains last year (which is actually good for tax purposes!). Saved me a massive headache and probably saved me money too since I would have definitely made mistakes trying to track everything manually. Definitely using this again next year.

For anyone struggling to get answers directly from Coinbase support about tax forms - I had the same issue and couldn't get through to anyone. Finally tried https://claimyr.com and watched their demo at https://youtu.be/_kiP6q8DX5c to see how it works. Basically they get you connected to an actual human at Coinbase's support line instead of waiting forever. I was able to speak with someone who explained exactly what forms I should expect and when, plus confirmed which transactions would and wouldn't be reported. Saved me days of waiting for email responses or sitting on hold. I was super frustrated before but got all my questions answered in one call.

Ok I need to eat crow here... I actually tried the Claimyr service after being super skeptical and calling it BS in my earlier comment. I couldn't get a straight answer from Coinbase about my missing 1099-K that I was supposed to receive. I was 100% prepared to come back here and tell everyone it was a scam, but I'm honestly shocked. Got connected to an actual Coinbase support person in about 20 minutes (after trying for DAYS on my own). The rep explained that they had my incorrect mailing address which is why I hadn't received my form, and they helped me fix it and reissue the document. I still don't fully understand how their system works but it definitely saved me a huge headache. Just wanted to follow up since my previous comment was pretty harsh.

Hey everyone, tax CPA here. Just to clarify something important - Coinbase's reporting requirements changed recently. For 2023 transactions (filing in 2024), Coinbase only sends Form 1099-MISC if you earned more than $600 in rewards or staking. For regular trading, they don't send 1099-B forms anymore. For 2024 transactions (filing in 2025), the rules are changing again with new digital asset reporting requirements. But for now, most traders won't get any form unless you earned significant rewards income. Important: You still must report ALL crypto transactions regardless of whether you receive a form! Each sale, trade, or conversion is a taxable event.

Has anyone just not reported their crypto? I only made like $200 in profit last year and the whole process sounds like a nightmare. Is it really worth the hassle?

Protip: If you connect your Coinbase account to Koinly or CoinTracker, they can automatically import all your transactions and generate the tax forms you need. Much easier than trying to track everything manually. I think they both offer free plans if you have fewer than 100 transactions.

Just wanted to add some clarity here since I see people getting confused about what forms to expect. For 2023 tax year, Coinbase stopped sending 1099-B forms for most retail traders. They only send 1099-MISC if you earned over $600 in rewards/staking income. However, they still report your transaction data to the IRS behind the scenes, so you absolutely must report everything even without receiving a physical form. The key is using Coinbase's own tax reporting tool in your account settings - it's free and gives you all the data you need. Don't risk not reporting just because you didn't get a form in the mail. The IRS has been getting much more aggressive about crypto enforcement, and they have ways of matching unreported crypto income to your SSN. Better safe than sorry!