RE: RE: Coinbase Has Signed a Deal with the IRS to Track Your Bitcoin Wallets
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RE: Coinbase Has Signed a Deal with the IRS to Track Your Bitcoin Wallets

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6y

It makes little difference to me as I report my crypto earnings anyway.

The biggest risk, in my opinion, is that the IRS will use the data to "prove" that your filing is wrong by comparing your data against theirs.

If they're going to go through the trouble of checking my transactions, I'd prefer if they sent me a report that I can use to file my taxes. It would save me about $200/yr for my tax calculating subscription. It would be annoying to file my taxes, then have them kick back my filing for inaccuracy because my numbers don't match theirs. Or, worse, have an audit.

@travelwritemoney: It makes little | Ecency