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Crypto Taxes Explained For Beginners - Cryptocurrency TaxesWhen required by the IRS, the crypto exchange or broker you use, including Coinbase, has to report certain types of activity directly to the IRS using specific. Confused about crypto taxation? Our guide simplifies IRS rules on Bitcoin and other cryptocurrencies, covering tax rates, capital gains, and income tax. Many exchanges help crypto traders keep all this information organized by offering free exports of all trading data. The trader, or the trader's tax.