When will Cash App send 1099 for cryptocurrency transactions?

3 answers

• Flanagan AlbertsenSep 14, 2020 · 5 years ago
  Cash App will send 1099 forms for cryptocurrency transactions if you meet the IRS reporting requirements. Generally, if you have made more than $600 in cryptocurrency transactions on Cash App during a calendar year, you will receive a 1099 form. However, it's always best to consult with a tax professional to understand your specific reporting obligations.
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• Josiah JohnsonApr 05, 2024 · 2 years ago
  Cash App will send 1099 forms for cryptocurrency transactions if you meet the IRS reporting requirements. This is to ensure compliance with tax regulations and to accurately report your cryptocurrency earnings. Keep in mind that tax laws may vary depending on your jurisdiction, so it's important to consult with a tax advisor for personalized guidance.
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• sina fJan 15, 2021 · 5 years ago
  As an expert in the cryptocurrency industry, I can confirm that Cash App will send 1099 forms for cryptocurrency transactions if you meet the IRS reporting requirements. It's important to keep track of your transactions and report them accurately to avoid any potential issues with the IRS. Remember, it's always a good idea to consult with a tax professional for personalized advice based on your specific situation.
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