does coinbase report capital gains to irs

Coinbase reports capital gains to IRS. Coinbase, a cryptocurrency exchange company, has reported a net loss of $19.5 million for the year ended December 31, 2020, according to the company's filings with the Sec. However, it is worth noting that Coinbase reported net income of $33.8 million in the same period. Coinbase reports that these figures are primarily attributable to the conversion of discounted cash flows related to the settlement of certain transactions. The company has been preparing to report earnings for the quarter ending March 31, 2021, but the date has not yet been announced. As of now, Coinbase has not yet reported any capital gains to the Internal Revenue Service (IRS). The company's earnings report is yet to be released. As of now, it is unclear whether Coinbase will report capital gains to the IRS.