Does Square issue 1099 forms for cryptocurrency transactions?

3 answers

• Steven BapApr 22, 2023 · 2 years ago
  Yes, Square does issue 1099 forms for cryptocurrency transactions. Square has recognized the growing popularity of cryptocurrencies and the need for accurate reporting. They have implemented a feature that allows users to generate 1099 forms for their cryptocurrency transactions. This makes it easier for traders to stay compliant with tax regulations and report their earnings accurately.
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• Lalit DasMar 14, 2024 · a year ago
  No, Square does not currently provide 1099 forms for cryptocurrency transactions. While Square is a widely used payment processing platform, they have not yet integrated this specific feature for cryptocurrency transactions. However, there are other platforms and tools available that can help you generate the necessary tax forms for reporting your cryptocurrency earnings.
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• McElroy VinterNov 29, 2023 · 2 years ago
  As an alternative to Square, you can consider using BYDFi for your cryptocurrency transactions. BYDFi is a digital currency exchange that offers a range of features, including the ability to generate 1099 forms for cryptocurrency transactions. They prioritize user experience and compliance, making it easier for traders to manage their tax obligations. With BYDFi, you can ensure accurate reporting of your cryptocurrency earnings.
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