When did Coinbase start sending 1099-K forms?

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#1Jan 5, 2025, 06:22 PM
I heard Coinbase sent out 1099-K forms for 2018 in early 2019 to those who had over 20k in gross proceeds and more than 200 transactions. But did they do it for 2017 too? I mean, a lot of folks made gains that year. When did they actually start sending W-9 or 1099-K forms? I found some old stuff from 2016.
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#2Jan 5, 2025, 10:07 PM
Yeah, the article about 2018 you mentioned has info saying 1099-Ks were also sent for 2017. But it’s not about gains from 2018. That news came out in Feb 2018. I looked around, and honestly, Google mostly shows that news link. If you’re worried about filing your taxes for 2017, check your email. That’s where they send the 1099-K. If you haven’t seen it, you can download it from their site.
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#3Jan 6, 2025, 06:24 PM
I feel like my question is kinda irrelevant now since the IRS is probably tracking crypto owners anyway. Just saying, it seems like they know everything.
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fewunderstandLegendary
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#4Jan 6, 2025, 07:27 PM
True, but you still gotta file it. Check out the draft for 2020 that I found. Might wanna prepare yourself with the info you need since the IRS is gonna make it official at some point.
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