Do you receive a 1099 form from Coinbase for tax purposes?

Yes, Coinbase provides a Form 1099-MISC to users who meet certain criteria. Typically, this form is made available to Coinbase users who are U.S. persons and have earned $600 or more in rewards or fees from Coinbase Earn, USDC Rewards, and/or Staking in a calendar year. It's essential for users who receive a Form 1099-MISC from Coinbase to include the information it reports on their tax return. Additionally, regardless of receiving a form, all Coinbase users should report any capital gains or losses incurred from the sale or exchange of cryptocurrency during the tax year. It's important to consult with a tax professional to ensure compliance with IRS regulations regarding cryptocurrency transactions.