And paid taxes? Or we can ignore? CPA says there r no controls for its reporting at coinbase and we can ignore.
Please don’t follow this idiotic advice
If you commit fraud you probs have a 90% chance of saving a few dollars but you have a 10% chance of losing everything. Not a risk worth taking.
Please report and pay your taxes. My CPA said the same thing for a few years and he is also wrong
I personally use Cointracker to keep track of all of my crypto activity (I buy and sell a few places) and Coinbase users get a 10% discount on the service I think
Always pay taxes..it is painful but necessary too.
IRS hired 87000 agents this year to find people like you and your CPA.
The solution to all of the worlds problems is everyone stopping pay taxes but if its just a few you will probably get caught.
My question is did coinbase issued any 1099 last year? Did they report to IRS?
Yes they did. And pay taxes for all your crypto transactions!!
Yes they did.
Dont trade on exchanges lol. Just trade on defi and ignore taxes.
You need to fire your CPA and report him to a governing body. Coinbase shares statements with the IRS as required by law. Source: despite the fact that I work at CB I know this not because of my job but because a family member works for the IRS.
That CPA should have his license revoked. You definitely need to report it.