will I receive a tax form, from the exchanges even if I sold at a loss?
I'm working on my 2024 crypto taxes for the first time and sold at a loss. Years ago, I purchased crypto through Coinbase, CDC, and Uphold. Additionally, I performed some conversions within my wallet.
Since crypto taxes can be complex, I decided to use Koinly to consolidate all my transactions. My main question is: Will these exchanges send me any tax forms?
To summarize:
- I did not make any gains—I sold my assets at a loss.
- I received some VTHO within my wallet and later converted it to VET, but that’s the extent of my transactions.
Am I safe to rely solely on Koinly for filing my taxes? If so, how does the government view this process? Is it just based on the data I input? Since I haven't received any forms from the exchanges, is that because I only incurred losses? I assume if I had gains, I would receive tax documents from them.
edit –
USA taxes
submitted by /u/foxtrot90210
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