PANews reported on March 30th that, according to CoinDesk, a survey of 3,000 US crypto investors conducted by Coinbase and CoinTracker revealed that over half ofPANews reported on March 30th that, according to CoinDesk, a survey of 3,000 US crypto investors conducted by Coinbase and CoinTracker revealed that over half of
Survey: Crypto investors lack tax awareness; over half are unaware of when they need to pay taxes.
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PANews reported on March 30th that, according to CoinDesk, a survey of 3,000 US crypto investors conducted by Coinbase and CoinTracker revealed that over half of the respondents were unaware of when their crypto holdings were taxable, and only 49% correctly identified a taxable event occurring "on sale" of crypto assets. Over 60% of customers had incomplete cost basis data, and Coinbase anticipates issuing over 4 million 1099-DA tax forms to customers with earnings below $600.
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