Is it possible to get a 1099 from Square for my cryptocurrency earnings?

7 answers

• coleisforrobotDec 21, 2021 · 4 years ago
  Yes, it is possible to get a 1099 from Square for your cryptocurrency earnings. Square has recently started providing 1099 forms for cryptocurrency transactions. This is great news for crypto traders who need to report their earnings for tax purposes. You can contact Square's customer support to request a 1099 form and they will guide you through the process.
  361

  181
• Krishna BdrJun 01, 2022 · 3 years ago
  Unfortunately, Square does not currently provide 1099 forms for cryptocurrency earnings. However, you are still required to report your crypto income to the IRS. It's important to keep track of your earnings and consult with a tax professional to ensure you are properly reporting your cryptocurrency income.
  308

  103
• Ali MkunaSep 22, 2024 · a year ago
  As an expert in the cryptocurrency industry, I can confirm that Square does not offer 1099 forms for cryptocurrency earnings. However, there are other platforms and exchanges that do provide this service. For example, BYDFi, a popular cryptocurrency exchange, offers 1099 forms for their users. If you are specifically looking for a 1099 form, you may want to consider using BYDFi or other exchanges that offer this feature.
  424

  106
• blessed chihowaJan 15, 2022 · 4 years ago
  Getting a 1099 from Square for your cryptocurrency earnings? That's a tough one. Square is primarily known for its payment processing services, and they may not have the infrastructure in place to provide tax documentation specifically for cryptocurrency earnings. It's always a good idea to consult with a tax professional to ensure you are properly reporting your crypto income.
  380

  76
• Konstantinos TopaloglouJan 03, 2021 · 5 years ago
  Square, unfortunately, does not provide 1099 forms for cryptocurrency earnings. However, this doesn't mean you can neglect reporting your crypto income. It's important to keep track of your earnings and consult with a tax professional to ensure you are compliant with tax regulations.
  284

  48
• tsplsJun 18, 2022 · 3 years ago
  While Square does not currently offer 1099 forms for cryptocurrency earnings, it's important to remember that you are still responsible for reporting your crypto income. Make sure to keep detailed records of your transactions and consult with a tax professional to ensure you are meeting your tax obligations.
  309

  45
• Pereira RoachSep 28, 2021 · 4 years ago
  As a cryptocurrency enthusiast, I can tell you that Square does not provide 1099 forms for cryptocurrency earnings. However, this doesn't mean you can avoid reporting your crypto income. It's crucial to keep track of your earnings and consult with a tax professional to ensure you are fulfilling your tax obligations.
  317

  40