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How To Do Your Coinbase Crypto Tax FAST With KoinlyDo you have to pay taxes on Bitcoin and crypto? Yes, you'll pay tax on cryptocurrency gains and income in the US. The IRS is clear that crypto may be subject to. Keep in mind that crypto platforms (including Coinbase) aren't required to report all taxable income events to the IRS (or to you). As a taxpayer, you're. You'll create a liability if the price you realize for your cryptocurrency � the value of the good or real currency you receive � is greater.