Is it possible to file taxes for cryptocurrency income without a 1099 form?

3 answers

• Ian TannOct 04, 2023 · 2 years ago
  Yes, you can still file taxes for your cryptocurrency income even if you did not receive a 1099 form. The IRS requires you to report all income, including cryptocurrency income, on your tax return. You can use other forms, such as Form 8949 and Schedule D, to report your cryptocurrency transactions and calculate your capital gains or losses. It's important to keep accurate records of your cryptocurrency transactions and consult a tax professional if you're unsure about how to report your income.
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• SathsaraJan 04, 2025 · 10 months ago
  Absolutely! While a 1099 form is commonly used to report income, it is not the only way to report your cryptocurrency earnings. The IRS treats cryptocurrency as property, so you need to report your gains or losses when you sell, exchange, or dispose of your cryptocurrency. Make sure to keep detailed records of your transactions and consult with a tax professional to ensure you accurately report your cryptocurrency income.
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• Amir Hossein Norouzi GorjiJul 20, 2025 · 4 months ago
  Yes, it is possible to file taxes for cryptocurrency income without a 1099 form. The IRS requires you to report all income, regardless of whether you receive a 1099 form or not. You can use alternative forms, such as Form 8949 and Schedule D, to report your cryptocurrency transactions and calculate your capital gains or losses. It's important to keep accurate records of your transactions and consult with a tax professional to ensure you comply with the IRS guidelines.
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