How do I report 1099-int vs 1099-div earnings from cryptocurrency transactions?

3 answers

• Gi Beom GwonMar 08, 2025 · 8 months ago
  When it comes to reporting your cryptocurrency earnings on your tax forms, it's important to understand the difference between 1099-int and 1099-div forms. The 1099-int form is used to report interest income, while the 1099-div form is used to report dividend income. If you have received interest income from your cryptocurrency transactions, you should report it on your 1099-int form. If you have received dividend income, you should report it on your 1099-div form. Make sure to accurately report your earnings to avoid any potential issues with the IRS.
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• Hemant DOct 03, 2020 · 5 years ago
  Reporting your cryptocurrency earnings can be a bit confusing, but it's important to get it right to avoid any trouble with the IRS. The 1099-int form is used to report interest income, which includes any interest you may have earned from lending your cryptocurrency. On the other hand, the 1099-div form is used to report dividend income, which includes any dividends you may have received from your cryptocurrency investments. Make sure to carefully review your earnings and accurately report them on the appropriate form to ensure compliance with tax regulations.
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• Mohammadrez12345Jul 10, 2022 · 3 years ago
  When it comes to reporting your cryptocurrency earnings, it's important to consult with a tax professional or use a reputable tax software to ensure accuracy. While I can provide some general guidance, it's always best to seek personalized advice. That being said, the 1099-int form is typically used to report interest income, such as earnings from lending your cryptocurrency. The 1099-div form, on the other hand, is used to report dividend income, which may include earnings from staking or participating in certain cryptocurrency projects. Remember to keep detailed records of your earnings and consult with a tax professional for personalized guidance based on your specific situation.
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