Is it possible to receive a 1099 form from the Cash App for my cryptocurrency activities?

3 answers

• Nov 23, 2021 · 3 years ago
  Yes, it is possible to receive a 1099 form from the Cash App for your cryptocurrency activities. The Cash App is required to provide tax documentation for transactions that meet certain criteria. However, it's important to note that not all cryptocurrency transactions may be eligible for a 1099 form. It's recommended to consult with a tax professional to determine if your specific transactions qualify for tax reporting.
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• Nov 23, 2021 · 3 years ago
  Unfortunately, the Cash App does not currently provide a 1099 form for cryptocurrency activities. As of now, they only offer tax documents for traditional fiat currency transactions. If you need to report your cryptocurrency activities for tax purposes, you may need to manually track and report your transactions using other tools or consult with a tax professional for guidance.
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• Nov 23, 2021 · 3 years ago
  As an expert in the field, I can confirm that the Cash App does not issue 1099 forms for cryptocurrency activities. However, this does not exempt you from reporting your cryptocurrency transactions to the IRS. It's important to keep accurate records of your transactions and consult with a tax professional to ensure compliance with tax regulations.
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