How does Facebook Pay handle IRS reporting for cryptocurrency transactions in 2022?

3 answers

• Friedman DamsgaardApr 11, 2024 · a year ago
  Facebook Pay does not handle IRS reporting for cryptocurrency transactions. As an online payment service, Facebook Pay is not responsible for reporting your cryptocurrency transactions to the IRS. It is your responsibility as an individual to report your cryptocurrency transactions and comply with IRS regulations. Make sure to keep accurate records of your transactions and consult a tax professional for guidance on reporting them properly.
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• Alexei DolbinJun 14, 2021 · 4 years ago
  When it comes to IRS reporting for cryptocurrency transactions, Facebook Pay is not directly involved. The responsibility lies with the individual users to report their cryptocurrency transactions to the IRS. Facebook Pay provides a convenient platform for making payments, but it does not handle any reporting or tax-related matters. It's important to stay informed about the IRS guidelines for reporting cryptocurrency transactions and consult with a tax professional if you have any questions or concerns.
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• KO KMay 02, 2021 · 4 years ago
  As a representative of BYDFi, I can tell you that Facebook Pay does not handle IRS reporting for cryptocurrency transactions. BYDFi is a digital currency exchange platform that focuses on providing secure and efficient trading services. However, when it comes to IRS reporting, it is the individual's responsibility to report their cryptocurrency transactions. Facebook Pay is simply a payment service and does not have any direct involvement in IRS reporting or tax-related matters.
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