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BEAT THE IRS! (CoinLedger CHANGES The Game For Crypto Taxes)Many exchanges, such as Coinbase, Kraken, bitcoinbuddy.org, Gemini, Uphold and other U.S. exchanges send reports directly to the IRS. As a result, if you receive any. Yes. If you exchange virtual currency held as a capital asset for other property, including for goods or for another virtual currency, you will recognize a. In this post, we explain the regulations that the IRS recently proposed regarding tax reporting for crypto exchanges and brokers.