How do I report 1099-b and 1099-div for cryptocurrency transactions?

3 answers

• Ariesta Tyllas FebrianyMar 15, 2022 · 4 years ago
  To report your 1099-b and 1099-div forms for cryptocurrency transactions, you'll need to include the information from these forms on your tax return. The 1099-b form will provide details about your cryptocurrency sales, including the date of sale, proceeds, and cost basis. You'll need to report these transactions on Schedule D of your tax return. The 1099-div form will provide information about any dividends you received from your cryptocurrency investments. You'll need to report these dividends on your tax return as well, typically on Schedule B. It's important to accurately report all cryptocurrency transactions to ensure compliance with tax laws.
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• Guy TerrellAug 09, 2025 · 3 months ago
  Reporting 1099-b and 1099-div forms for cryptocurrency transactions can be a bit confusing, but it's important to do it correctly to avoid any potential issues with the IRS. If you're unsure about how to report these forms, it's recommended to consult with a tax professional who is familiar with cryptocurrency taxation. They can help ensure that you accurately report your transactions and maximize any potential tax benefits or deductions.
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• Pridgen BatesJan 13, 2023 · 3 years ago
  At BYDFi, we understand the importance of properly reporting your cryptocurrency transactions for tax purposes. When it comes to reporting 1099-b and 1099-div forms, it's crucial to accurately include the information from these forms on your tax return. Failing to report these forms can result in penalties or audits from the IRS. If you have any questions or need assistance with reporting your cryptocurrency transactions, feel free to reach out to our team of experts. We're here to help you navigate the complexities of cryptocurrency taxation and ensure compliance with tax laws.
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