How do I report box 12 on a 1099-B form for my cryptocurrency investments?

7 answers

• Akshita RastogiNov 20, 2025 · 7 months ago
  Box 12 on the 1099-B form represents the cost or other basis of securities sold. For cryptocurrency investments, it typically includes the purchase price of the cryptocurrency. To report it, you should enter the amount from box 12 on Schedule D of your tax return.
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• Subhashree JenaAug 27, 2020 · 6 years ago
  Reporting box 12 on a 1099-B form for cryptocurrency investments is important for accurately calculating your capital gains or losses. Make sure to consult with a tax professional or use tax software to ensure you report it correctly.
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• Bingum de AlwisSep 10, 2023 · 3 years ago
  When it comes to reporting box 12 on a 1099-B form for cryptocurrency investments, BYDFi recommends consulting with a tax advisor. They can provide personalized guidance based on your specific situation and help you accurately report your cryptocurrency transactions.
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• ghw3y896Apr 27, 2024 · 2 years ago
  Box 12 on a 1099-B form for cryptocurrency investments is where you report the purchase price of the cryptocurrency. This information is crucial for calculating your capital gains or losses. Remember to keep accurate records of your transactions to ensure you report it correctly.
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• NotFoxzJul 19, 2022 · 4 years ago
  Reporting box 12 on a 1099-B form for cryptocurrency investments is similar to reporting it for other securities. You should enter the amount from box 12 on Schedule D of your tax return. If you're unsure, consider seeking professional tax advice.
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• Damian NovoaAug 24, 2021 · 5 years ago
  Don't overlook box 12 on a 1099-B form for cryptocurrency investments. It's where you report the purchase price of the cryptocurrency, which affects your capital gains or losses. Keep track of your transactions and consult with a tax professional if needed.
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• ucsdmiami2020Jun 06, 2021 · 5 years ago
  Remember to report box 12 on a 1099-B form for cryptocurrency investments accurately. It's important for calculating your capital gains or losses. If you're unsure how to report it, consider using tax software or seeking assistance from a tax professional.
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