does coinbase provide statements

Coinbase offers a range of statements to track cryptocurrency activity and facilitate tax reporting, including transaction histories, account summaries, and IRS-compliant forms like Form 8949.

Oct 28, 2024 at 01:44 pm

Does Coinbase Provide Statements?

1. Yes, Coinbase provides statements. Coinbase offers a variety of statements to help users track their cryptocurrency activity and tax information. These statements include:

   • Transaction History: This statement shows all of your cryptocurrency transactions, including deposits, withdrawals, purchases, and sales. You can filter transactions by date, type, or cryptocurrency.
   • Account Statement: This statement shows a summary of your Coinbase account activity, including your account balance, transaction history, and fees. You can download your account statement as a CSV file.

   • Tax Documents: Coinbase provides a variety of tax documents to help you report your cryptocurrency activity to the IRS. These documents include:

     • Form 8949: This form shows your capital gains and losses from cryptocurrency sales.
     • Schedule D (Form 1040): This form shows your total capital gains and losses from all sources, including cryptocurrency sales.
     • Form 1099-K: This form is required by the IRS if you had more than $20,000 in gross payments from Coinbase in a calendar year.

2. How to Get a Statement from Coinbase

   To get a statement from Coinbase, follow these steps:

   1. Log in to your Coinbase account.
   2. Click on the "Statements" tab.
   3. Select the type of statement you want.
   4. Enter the date range for the statement.
   5. Click on the "Download" button.

3. Why Would I Want a Statement from Coinbase?

   There are a few reasons why you might want to get a statement from Coinbase. These reasons include:

    - **Tracking your cryptocurrency activity:** Statements can help you track your cryptocurrency transactions and balances. This can be helpful for budgeting and tax purposes.
    - **Reporting your cryptocurrency activity to the IRS:** Coinbase provides tax documents to help you report your cryptocurrency activity to the IRS. 
    - **Providing proof of your cryptocurrency activity:** Statements can be used as proof of your cryptocurrency activity to banks, lenders, or other third parties.