Coinbase Survey Finds: Over Half of Crypto Investors Unclear on Tax Rules

BlockBeats News, March 30th, according to a survey conducted by Coinbase and CoinTracker of 3,000 US users, over half of cryptocurrency investors are unsure when they need to pay taxes on their holdings, with only 49% of respondents correctly recognizing that selling cryptocurrency triggers a taxable event.

The survey also found that over 60% of users have incomplete cost basis data. Coinbase expects to issue over 4 million 1099-DA tax forms to users with trading proceeds below $600.