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Does Uphold Report to the IRS?

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Cryptocurrency exchanges around the world are starting to report more and more information to government agencies. In this guide, we analyze Uphold’s tax reporting policies within United States. We’ll also break down a simple way to report your Uphold taxes in minutes.

Does Uphold report to the Internal Revenue Service (IRS)?

Uphold issues Form 1099-MISC and Form 1099-B to customers and the IRS. These tax forms detail your income and capital gains from cryptocurrency. 

Will Uphold send me a 1099?

Uphold issues Form 1099-B and 1099-MISC to customers and the IRS. These forms can be downloaded on your Uphold account. 

Do I have to pay taxes on my Uphold transactions?

Yes. In the United States, your transactions on Uphold and other platforms are subject to income and capital gains tax. 

If you’ve earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you’ll have a tax liability to report to the IRS. 

For more information, check out our complete guide to cryptocurrency taxes

Is Uphold legal?

Yes. Uphold legally operates in the United States. 

How do I avoid Uphold taxes?

Remember, there is no way to legally evade your taxes in the United States. However, tools like tax-loss harvesting and cryptocurrency tax software can help you save thousands of dollars legally. 

For more information, check out our guide on how to avoid crypto taxes

Get an Uphold tax report today

Looking for a simple way to report your Uphold taxes? With CoinLedger, you can import your Uphold transactions and auto-generate a complete gains, losses, and income tax report in minutes.

CoinLedger integrates with Uphold and dozens of other wallets, blockchains, and cryptocurrency exchanges to automate the entire crypto tax reporting process.

You can get started with a free preview report today.

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