What information should be included in a 1099b for cryptocurrency gains and losses?

1 answers

• Dec 17, 2021 · 3 years ago
  Reporting cryptocurrency gains and losses on a 1099b form requires specific information to be included. This includes the date of each transaction, the type of cryptocurrency involved, the cost basis of the cryptocurrency at the time of acquisition, the fair market value of the cryptocurrency at the time of each transaction, the amount of gain or loss realized, and any fees or expenses associated with the transaction. By providing all of this information, you can ensure that your tax reporting is accurate and in compliance with IRS regulations.
  550275