Coinbase Scraps Bitcoin Tax Form That Led Users to Overpay

24-11-2020 Flash News Decrypt 458 Print this Page

Coinbase Scraps Bitcoin Tax Form That Led Users to Overpay

Cryptocurrency exchange Coinbase will issue a new tax form to replace one that caused some people to overpay on their Bitcoin and crypto taxes. But just like the old form, the new one is of limited use to taxpayers, a crypto tax expert told Decrypt .
As spotted by Shehan Chandrasekera , head of tax strategy at crypto tax firm CoinTracker , Coinbase updated a help page to inform customers that it is abandoning its old tax form that provided customers with total proceeds of trades executed on the platform in favor of one that only includes information about money earned from Coinbase’s interest-bearing products.

BREAKING:
1/ Next year, Coinbase is planning to issue a new crypto tax form (1099-MISC) and abandon the old Form 1099-K which created a tax nightmare for many taxpayers. https://t.co/ZKUB6kGbdX pic.twitter.com/ujRg6KwTB5
— Shehan Chandrasekera, CPA

</div>

<style>
/* */
#screenshot{
position:absolute;
border:1px solid #ccc;
background:#333;
padding:5px;
display:none;
color:#fff;
}
/* */
</style>
<script src=

BitRss.com shares this Contents always with

License.

Cool to know huh? Read the full Article at : Decrypt

Cool huh? Please read the full Article: Coinbase Scraps Bitcoin Tax Form That Led Users to Overpay

Search about Crypto News

BITRSS | CRYPTOCURRENCY WORLD NEWS

The latest Top News, only from Leading exponents of BlockChain, Bitcoin and different Accredited Crypto Currency Sources.

Since 2015, our Mission was to Share, up-to-date, those News and Information we believe to represent in an Ethical and sincere manner the current Crypto Currencies World: everything you are looking for, in one place!

We have always tried to give priority to the News; for this reason we have designed BitRss.com simple and intuitive, usable by all Devices, fast and effective.

| LEARN MORE ABOUT |

BlockChain Knowledge Base
Cryptocurrency Knowledge Base
Bitcoin Knowledge Base

BITRSS | Submit Your Crypto NEWS

BitRss.com not only Update the Sources several time a day and allow Visitors to follow and comment on the latest News; We accept submissions of your own Bitcoin or related Crypto stories.

Our Team will evaluate in depth, human touch, if the Rss and Feeds Sources, will be in line with our policy.

Please support BitRss.com: if you like it, share your favorite News to your Socials!

Today Most Popular News

Nornickel to use blockchain for its new ETCs on Deutsche Börse and LSE
A palladium fund founded by Norilsk Nickel will launch exchange-traded commodities for metals custodied using blockchain at the Deutsche Börse...
Hedge fund predicts $115K Bitcoin price and the fall of ‘speculative’ altcoins
Analysts say Bitcoin and Ether’s growing dominance of the crypto market are signals that the current bull market is drastically different than...
Top 5 cryptocurrencies to watch this week: BTC, LINK, UNI, XTZ, ATOM
Bitcoin's brief period of consolidation has opened a path for select altcoins to rally higher.
Bitcoin gets physical: Art or digital heresy?
"Physical Bitcoins are a rarity, they’re sort of like Picasso and Van Gogh paintings were back in those days. Nobody realized how rare they...
Mitsubishi and Tokyo Tech create blockchain system for P2P energy trading
Beginning in April, the electronics giant and university R&D team will evaluate and tweak the new trading system's performance before...
DeFi’s death by a thousand cuts
They said that 2020 was the year of DeFi. Perhaps 2021 should be the year of DeFi’s sensible regulation.
Former Canadian prime minister names Bitcoin as possible reserve currency
Bitcoin could be part of a basket of reserve alternatives to the U.S. dollar, according to Stephen Harper.
SBF leads $50M funding round to bring DeFi to Maps.me's 140M users
A travel and mapping application with 140 million users worldwide has raised $50 million to integrate decentralized finance protocols into its...
‘Miss Bitcoin’ launches celebrity NFT art charity project
Mai Fujimoto's Kizuna crypto donation platform is partnering with blockchain gaming platform Enjin to sell tokenized celebrity artwork.
DeFi lending and borrowing, explained
As DeFi protocols continue to garner mainstream traction, here’s an introduction to how lending and borrowing work on these platforms.