Who sends a 1099-S for cryptocurrency transactions?

3 answers

• JoshephOct 15, 2022 · 3 years ago
  As an individual cryptocurrency trader, you are responsible for reporting your transactions and sending the 1099-S form to the IRS. It is important to keep accurate records of your trades and consult with a tax professional to ensure compliance with tax regulations.
  266

  133
• shaktiJun 27, 2022 · 3 years ago
  Cryptocurrency exchanges are not responsible for sending the 1099-S form. They may provide transaction history and reports, but it is ultimately the individual trader's responsibility to report their transactions to the IRS.
  224

  75
• Liam PoveyJun 15, 2021 · 4 years ago
  At BYDFi, we provide transaction history and reports to our users, but we do not send the 1099-S form on behalf of our users. It is their responsibility to report their transactions and comply with tax regulations.
  214

  54