will i get a 1099 from coinbase

Okay, here's a sample article on the topic: Coinbase's New Tax Program: Will I Get a 1099 from Coinbase? Coinbase, a platform that allows users to buy and sell digital assets such as cryptocurrency, has launched a new tax program that could affect the way you get your 1099. As an informed user, it's important to know what this program means and how it impacts your tax obligations. The program allows users to claim up to $5,000 in deductions for sales of digital assets. This includes both cryptocurrency and other digital items, such as digital art, music, or other digital products. You can use this deduction to pay for your own software development, hire a freelancer, or invest in your own businesses. However, the program also has certain limitations. For example, you cannot use this deduction to pay for services or consulting fees. You also cannot use this deduction to cover your own expenses, such as your own software development or consulting fees. In addition, you must file your 1099 for each transaction within the first year after the deduction is claimed. You must also file your income tax return within 90 days of the year you file your 1099. If you don't file your 1099 and your income is not reported on your income tax return, you may be subject to penalties and taxes. Despite these limitations, the new tax program at Coinbase has the potential to make your 1099 more appealing. If you're planning to buy digital assets or make a significant investment, this program may be worth exploring. Keep in mind, though, that you must file your 1099 and income tax return within the required deadlines to avoid penalties and taxes.