Does Coinbase Report to the IRS? (2026)

Yes. Coinbase reports your crypto sales and trades to the IRS on Form 1099-DA, rewards and staking income on Form 1099-MISC, and futures trades on Form 1099-B.

What tax forms does Coinbase send to the IRS?

Coinbase reports your activity on three IRS 1099 forms. Each form covers a different type of transaction.

Form 1099-DA: Coinbase issues Form 1099-DA to US customers who sold or traded digital assets during the year. Starting with the 2025 tax year, the form reports your gross proceeds. Starting with the 2026 tax year, it also reports cost basis for certain crypto you bought on Coinbase.

Form 1099-MISC: Coinbase issues Form 1099-MISC for income such as staking rewards and Coinbase Learning rewards. For the 2025 tax year, you received this form if you earned $600 or more. For income you earn in 2026 and later, the threshold is $2,000.

Form 1099-B: Coinbase issues Form 1099-B to customers who sold futures, securities, or other financial instruments, such as futures traded through Coinbase Financial Markets.

Form 1099-K: Coinbase doesn’t issue Form 1099-K.

Remember, the IRS receives a copy of each form Coinbase sends you. The numbers on your tax return should line up with what Coinbase reported.

What doesn’t Coinbase report to the IRS?

Coinbase’s tax forms don’t cover every crypto transaction. Here are a few examples.

Holding crypto: Holding cryptocurrency is not a taxable event, and it won’t be reported to the IRS.

Moving crypto between wallets: If you moved crypto between wallets you own, the transfer isn’t reported on Form 1099-DA. The only exception is crypto used to pay a network fee.

Coinbase Wallet and DEX trades: Trades on decentralized exchanges aren’t reported on Coinbase’s IRS forms, and Coinbase Taxes doesn’t include your Coinbase Wallet activity.

Remember, you still need to report taxable activity that doesn’t appear on a Coinbase form, like trades on a decentralized exchange.

What does Coinbase report on Form 1099-DA?

Form 1099-DA reports your gross proceeds. That’s the total value you received from every sale and trade on Coinbase during the year.

It’s important to note that gross proceeds are not your profit. According to Coinbase’s Form 1099-DA help page, the form adds up everything you sold, including crypto-to-crypto trades and small transactions.

Let’s walk through an example.

Sam’s form says he sold $40,000 of crypto. However, his actual capital gain is just $2,000, the difference between what he paid for his Bitcoin and what he sold it for.

Here’s what Form 1099-DA looks like. Your gross proceeds appear in box 1f.

For a box-by-box walkthrough, check out our guide on how to read Form 1099-DA.

Does Coinbase report your cost basis?

Cost basis is what you originally paid for your crypto. It’s the number that turns your proceeds into a gain or a loss.

For the 2025 tax year: Form 1099-DA reports only your gross proceeds. The IRS didn’t receive your cost basis from Coinbase.

For the 2026 tax year and later: Form 1099-DA also reports cost basis for covered assets, according to the IRS instructions for Form 1099-DA. Covered assets are crypto you bought on Coinbase on or after January 1, 2026 and kept on Coinbase until you sold it.

Crypto you bought before 2026, or transferred to Coinbase from another exchange or wallet, is non-covered. Coinbase isn’t required to report cost basis for non-covered assets.

Laila’s real gain is $3,000. However, Coinbase never saw the $5,000 she paid, so it can’t report it.

If you find yourself in this situation, don’t panic. You’re allowed to report your own cost basis on Form 8949, as long as you have records to back it up. Crypto tax software can rebuild your cost basis across exchanges and wallets automatically.

For step-by-step help, check out our guide to fixing missing cost basis on Coinbase.

What should you do when your Coinbase 1099-DA arrives?

The IRS compares the 1099 forms it receives against your tax return. When the numbers don’t line up, you may get a CP2000 notice proposing changes to your tax bill.

Here are three steps to take when your form arrives.

1. Don’t treat proceeds as profit: Your 1099-DA shows what you received, not what you made. Don’t report the proceeds as your gain.
2. Reconcile against your full history: Match every sale on the form to its cost basis, using your records from Coinbase and every other exchange and wallet you use.
3. Report on Form 8949 and Schedule D: List each sale with its correct cost basis, and make sure your total proceeds match what Coinbase reported.

If your name, Social Security number, or state is wrong on the form, contact Coinbase support to request a corrected form. The IRS can’t correct a Form 1099-DA for you.

For a full walkthrough, check out our guide on how to reconcile Form 1099-DA.

You can also import your 1099-DA into CoinLedger and compare it against your full transaction history in the 1099-DA Dashboard. Rather hand it off? The Done For You service can handle it for you.

Can the IRS see your Coinbase account?

Yes. The IRS receives a copy of every tax form Coinbase sends you.

The IRS has also gone to court for Coinbase customer records. In 2016, a federal court authorized the IRS to serve Coinbase with a John Doe summons for records on US customers.

Trades on decentralized exchanges and activity in self-custody wallets like Coinbase Wallet don’t show up on Coinbase’s forms. However, these transactions are recorded on public blockchains, and they’re still taxable. For more information, check out our guide on whether the IRS can track cryptocurrency.

Remember, Form 1040 asks whether you received or disposed of digital assets during the year. You sign your return under penalty of perjury, so answer the question truthfully.

How do I report my Coinbase taxes to the IRS? 

Crypto tax software like CoinLedger can automatically import your transactions from Coinbase and other platforms, helping you generate a complete tax report in minutes. 

Here’s how you can report your Coinbase taxes with CoinLedger. 

1. Log in to your CoinLedger account. 
2. Connect your Coinbase account in the ‘Import’ Step. 
3. Let the platform automatically calculate your gains, losses, and income.

And that’s it! Once you’ve completed these steps, you can connect your other exchanges and wallets in just a few clicks!

What is the Coinbase gain/loss report?

Coinbase lets you download a gain/loss report from Coinbase Taxes. It lists the sales and trades on your Coinbase account that resulted in a capital gain or loss.

It’s important to note that the gain/loss report isn’t an official IRS form, and it isn’t filed with the IRS. It also doesn’t include activity from Coinbase Wallet or other platforms.

Starting with the 2025 tax year, Coinbase no longer provides Form 8949. You can generate it with crypto tax software instead.

When does Coinbase send a 1099?

Coinbase sends tax forms early in the year after the tax year ends. For the 2025 tax year, Coinbase said it would provide Form 1099-MISC by mid-February 2026 and Form 1099-DA by March 17, 2026.

You’ll get an email from Coinbase when your forms are ready to download.

Will Coinbase send me a 1099 in 2027?

Your Coinbase tax forms for the 2026 tax year will arrive in early 2027.

If you sold or traded crypto on Coinbase in 2026, you should receive Form 1099-DA. It will show your gross proceeds, plus cost basis for covered assets.

If you earned $2,000 or more of income, such as staking rewards, on Coinbase in 2026, you should receive Form 1099-MISC.

Do I have to report my crypto taxes if I didn’t receive a 1099 form from Coinbase? 

Even if you didn’t receive a 1099 form from Coinbase, you are required to report all of your taxable income from cryptocurrency. Failing to report it can lead to penalties and interest, and willfully hiding income is tax evasion.

Does Coinbase report small-time crypto traders? 

Coinbase issues Form 1099-MISC only if your income meets the reporting threshold: $600 for the 2025 tax year and $2,000 for 2026 and later.

Remember, that’s a reporting threshold, not a tax threshold. All of your crypto income is taxable, even if you don’t receive a form.

Form 1099-DA has no minimum. If you sold or traded crypto on Coinbase, even a small amount, it will generally be reported on Form 1099-DA. One exception is stablecoin sales, which brokers can leave off the form if they total $10,000 or less for the year.

Does Coinbase report to the IRS if you didn’t sell? 

If you did not have taxable income during the year, it’s unlikely that Coinbase will report your cryptocurrency activity to the IRS. Simply holding cryptocurrency or transferring it between wallets you own is not considered a taxable event. 

Still, it’s important to note that there are some situations where you may incur a tax liability even if you don’t ‘cash out’ to fiat currency. Two examples are earning cryptocurrency interest and trading your crypto for another cryptocurrency. 

How to access my Coinbase tax forms 

If you’re looking for a copy of your Coinbase transactions for your own records, here’s how you can get started. 

1. Log in to Coinbase on desktop. 
2. Click ‘More’ on the left hand side.

3. In the dropdown, click ‘Taxes’. 

4. Select ‘Documents’ to download your IRS forms. To create a gain/loss report, choose the report type and tax year.

Alternatively, you can connect your Coinbase account to CoinLedger to automatically import your transactions and handle all of your tax reporting! 

How crypto tax software can help

Cryptocurrency tax software like CoinLedger can help take the stress out of your tax season. The platform automatically connects with exchanges like Coinbase and blockchains like Ethereum to help you report your taxes in minutes!

Sign up for an account for free, import all of your historical trades and transactions, and automatically generate tax forms like 8949 with the click of a button. The whole process takes around 15 minutes! 

Get started with a free preview report today.