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by modeless 3447 days ago
Speaking as a Coinbase user I would love it if they could just send me a 1099. It would make filing my taxes a whole lot easier.
2 comments

Coinbase offers a (beta) cost basis for taxes report via https://www.coinbase.com/reports
At the end of the day unless you exclusively use Coinbase to handle your Bitcoin business they can't possibly know the correct cost basis for all your transactions. Kind of like if you transferred stocks from one brokerage to another. You are always going to have to do some amount of work.