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Earlier, it was expected that Coinbase would also issue B containing all gains and losses from trading for the tax year. No obligations. Depending on the document type, the IRS can use the information to determine whether various types of income, gains, and losses are accurately reported. The content provided on this website is intended solely for general informational purposes and should not be interpreted as professional advice. Cryptocurrency tax software like CoinLedger can help take the stress out of your tax season.