Coinbase investigation reveals: More than half of crypto investors are unclear about tax regulations

BlockBeatNews

BlockBeats message, March 30, according to a joint survey of 3,000 U.S. users by Coinbase and CoinTracker, more than half of crypto investors don’t know when their holdings are required to be taxed, and only 49% of respondents correctly recognize that selling crypto assets creates a tax obligation.

The survey also found that over 60% of users have incomplete cost basis data. Coinbase expects to issue more than 4 million 1099-DA tax forms to users with trading gains below $600.

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