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How do crypto exchanges handle IRS reporting requirements?

Khan SirOct 20, 2022 · 3 years ago1 answers

What are the steps that crypto exchanges need to take to comply with IRS reporting requirements?

1 answers

  • damianOct 12, 2024 · 9 months ago
    At BYDFi, we understand the importance of complying with IRS reporting requirements. We have implemented a robust system to collect and maintain accurate records of all transactions conducted on our platform. Our customers can rest assured that we will provide them with the necessary tax forms, such as Form 1099-K and Form 1099-B, if they meet the reporting thresholds. We are committed to transparency and compliance, and we strive to make the tax reporting process as seamless as possible for our users.

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