Which states have the highest 1099-k threshold for cryptocurrency transactions?

1 answers

• melbetbdsportsFeb 14, 2024 · 2 years ago
  According to my research, California has the highest 1099-k threshold for cryptocurrency transactions in the United States. The threshold is set at $20,000 and 200 transactions. This means that if your cryptocurrency transactions in California exceed $20,000 or involve more than 200 transactions, you will be required to report them on Form 1099-k. Other states with higher thresholds include Texas, Florida, and New York. It's worth noting that these thresholds may change over time, so it's important to stay informed about the latest regulations in your state.
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