Does Square allow cryptocurrency transactions and report them to the IRS?

3 answers

• Raphael BailleulMay 08, 2024 · 2 years ago
  Yes, Square does allow cryptocurrency transactions. As of now, you can buy and sell Bitcoin using the Square Cash app. However, it's important to note that Square does not currently support other cryptocurrencies. Regarding IRS reporting, Square does comply with tax regulations and may report cryptocurrency transactions to the IRS if required by law.
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• Mayo FengerDec 19, 2022 · 3 years ago
  Absolutely! Square has embraced the world of cryptocurrencies. You can easily buy and sell Bitcoin through the Square Cash app. However, it's worth mentioning that Square does not support other cryptocurrencies at the moment. As for IRS reporting, Square follows all legal requirements and may report cryptocurrency transactions to the IRS when necessary.
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• Igor VasconcelosJul 01, 2022 · 3 years ago
  Yes, Square does allow cryptocurrency transactions. You can use the Square Cash app to buy and sell Bitcoin. However, it's important to keep in mind that Square currently only supports Bitcoin and not other cryptocurrencies. In terms of IRS reporting, Square complies with tax regulations and may report cryptocurrency transactions to the IRS if required by law. Please note that this information is subject to change, so it's always a good idea to stay updated with Square's latest policies and guidelines.
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