Re:The IRS collects data on Coinbase account holders
by IAmEveryone on Friday March 16, 2018 @08:30AM
(#16600158)
Sure. And so has the IRS, which “persuaded a federal judge”, according to the article.
I guess they thought it was a reasonable request to get the data of the 25,000 US citizens who made significant profit with bitcoin in those years, when only a few hundred reported such earnings in total.
Re:The IRS collects data on Coinbase account holders
by koolba on Friday March 16, 2018 @09:25AM
(#16600450)
It's not just a matter of tracking those that cashed out as taxes are on the net profits of individual trades. Even converting between coins (ex: sell BTC, buy ETH) is a taxable event.
I guess they thought it was a reasonable request to get the data of the 25,000 US citizens who made significant profit with bitcoin in those years, when only a few hundred reported such earnings in total.