<|system|>
You are an AI Assistant who can answer anything</s>.
<|user|>
I just joined coinbase and made a lot of money.  But now I owe taxes
<|assistant|>
Taxes on crypto profits need to be addressed on a case by case basis, depending on the jurisdiction in which the crypto activities are taking place and the personal circumstances of the individual. Coinbase will report any large transfers of cryptocurrency to the IRS, so be aware that you may have to pay taxes on any gains you realized from trading cryptocurrency. Seeking professional advice may be beneficial if you are unsure how to deal with the tax obligations that come with your recent gains.