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What should I do if I haven't received a 1099 form from crypto.com for my cryptocurrency transactions?

avatarTanner BlockNov 23, 2021 · 3 years ago5 answers

I have been using crypto.com for my cryptocurrency transactions, but I haven't received a 1099 form from them. What should I do in this situation? Is it necessary to report my transactions to the IRS? How can I ensure that I am compliant with tax regulations?

What should I do if I haven't received a 1099 form from crypto.com for my cryptocurrency transactions?

5 answers

  • avatarNov 23, 2021 · 3 years ago
    If you haven't received a 1099 form from crypto.com for your cryptocurrency transactions, it is important to take the necessary steps to ensure compliance with tax regulations. Although crypto.com may not provide a 1099 form, it is still your responsibility to report your transactions to the IRS. You can do this by using Form 8949 and Schedule D to report your capital gains and losses. Make sure to accurately calculate your gains and losses and report them on your tax return.
  • avatarNov 23, 2021 · 3 years ago
    Don't worry if you haven't received a 1099 form from crypto.com. Many cryptocurrency exchanges do not provide 1099 forms. However, this does not exempt you from reporting your transactions to the IRS. It is important to keep track of your cryptocurrency transactions and accurately report your gains and losses on your tax return. If you are unsure about how to report your transactions, consider consulting a tax professional for guidance.
  • avatarNov 23, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I understand that crypto.com may not provide a 1099 form for your transactions. However, it is still important to report your transactions to the IRS. To ensure compliance, you can use tax software or consult a tax professional who specializes in cryptocurrency taxes. Remember, it's better to be proactive and report your transactions accurately to avoid any potential issues with the IRS.
  • avatarNov 23, 2021 · 3 years ago
    If you haven't received a 1099 form from crypto.com, it's important to note that not all cryptocurrency exchanges provide these forms. However, this does not exempt you from reporting your transactions to the IRS. To ensure compliance, keep a record of your transactions and accurately report your gains and losses on your tax return. If you need assistance, consider using tax software or consulting a tax professional who is knowledgeable about cryptocurrency taxes.
  • avatarNov 23, 2021 · 3 years ago
    At BYDFi, we understand that crypto.com may not provide a 1099 form for your cryptocurrency transactions. However, it is still important to report your transactions to the IRS. To ensure compliance, keep a detailed record of your transactions and accurately report your gains and losses on your tax return. If you need assistance with reporting your transactions, consider using tax software or consulting a tax professional who can guide you through the process.