Coinbase to Customers: Don’t Forget to Pay Taxes on Bitcoin Gains

Exchange and wallet service provider Coinbase appears to be taking early steps to remind customers about their upcoming tax obligations.

With the U.S. tax year having ended on Dec. 31, the company’s users are now faced with a banner placed at the top of their dashboard, stating “Please remember to pay your taxes,” and linking to the website’s newly updated tax FAQ page.

The FAQ points out that Coinbase “cannot provide legal or tax advice,” but links to Internal Revenue Service (IRS) guidelines on how to report and pay taxes relating to crypto trading. A similar banner is also now visible for users in the EU as well.

It also adds that users can refer to their account transaction histories in order to calculate their gains and losses. Coinbase further offers a Cost Basis for Taxes report (currently in beta) to assist with the process, the FAQ states…

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