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I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

 
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5 Replies
DaveF1006
Employee Tax Expert

I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

No. You do not send the IRS a copy of the form, but you do need to report this on your return.

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I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

Thank you, I should have clarified, TurboTax wanted me to upload the form so it could be sent to irs I think.  I don’t understand as it’s should already have but TurboTax needed me to upload it for some reason.

DawnC
Employee Tax Expert

I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

Check in your forms list and make sure you do not have multiple 1099-DAs entered.   If you do, delete them.   And when you entered your from, did you change the default answer to YES? on the Did you get a 1099-DA?  screen?  

 

1099-DA.png

 

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I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

Thank you.  I answered the question with yes, I received a 1099-da.  I don’t see multiple forms for that.  And I can’t even find where I uploaded and attached it to TurboTax 

I have a 1099-DA from coinbase which shows a $-.80 loss. They said that this 1099-DA will be sent to the IRS, so why do I also have to send them a copy?

you do all this so the amount will be included on Schedule D.

If it says mark Box G or J, you won't send the 1099-DA details (not attached).

 

@grubin1454 

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