How does crypto.com handle tax forms for users?

3 answers

• Dec 16, 2021 · 3 years ago
  When it comes to tax forms, crypto.com takes the responsibility of providing the necessary information to its users very seriously. The platform ensures that users have access to the required tax forms, such as 1099-K or 1099-B, which are essential for reporting cryptocurrency transactions to the tax authorities. To obtain these forms, users can navigate to the tax section of their crypto.com account, where they can download the necessary documents. It's important to note that crypto.com only provides the forms and does not offer tax advice. Users should consult with a tax professional for any specific tax-related questions or concerns.
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• Dec 16, 2021 · 3 years ago
  Crypto.com understands the importance of tax compliance and aims to make the process as seamless as possible for its users. When it comes to tax forms, the platform collects and stores the necessary transaction data, such as buy/sell orders and transfers, which are used to generate the required tax forms. This information includes details like the date, time, and value of each transaction. By keeping track of these details, crypto.com ensures that users have access to accurate and comprehensive tax forms when needed.
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• Dec 16, 2021 · 3 years ago
  As a third-party digital currency exchange, BYDFi, similar to crypto.com, also handles tax forms for its users. BYDFi collects and stores transaction data, which is then used to generate the necessary tax forms. Users can access these forms through their BYDFi account and use them for tax reporting purposes. It's important to note that while BYDFi provides the necessary forms, it does not offer tax advice. Users should consult with a tax professional for any specific tax-related questions or concerns.
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