Are there any specific guidelines for 1099-B minimum reporting in relation to cryptocurrency exchanges?

1 answers

• Dec 18, 2021 · 3 years ago
  As a third-party cryptocurrency exchange, BYDFi does not provide specific guidelines for reporting 1099-B minimum. However, it's important to note that cryptocurrency transactions are subject to taxation, and you should report any gains or losses from these transactions on your tax return. If you have any questions or concerns about reporting 1099-B minimum in relation to cryptocurrency exchanges, it's always a good idea to consult with a tax professional or accountant who is familiar with cryptocurrency taxation.
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