What are the requirements for receiving a form 1099 K for cryptocurrency transactions in 2022?

1 answers

• Eunhae HwangSep 23, 2024 · a year ago
  Receiving a form 1099 K for cryptocurrency transactions in 2022 requires meeting specific criteria. You must have completed a minimum of 200 transactions with a total value of $20,000 or more during the calendar year. Additionally, you must have a verified account with the cryptocurrency exchange or platform you used for these transactions. It's important to note that not all exchanges or platforms issue form 1099 K, so it's advisable to check with your specific exchange to see if they provide this form. If you meet the requirements, the exchange will send you a form 1099 K by January 31st of the following year.
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