How long does it take to receive a 1099 form for cryptocurrency activities?

1 answers

• TurkiSQSep 24, 2022 · 3 years ago
  At BYDFi, we understand the importance of tax compliance in the cryptocurrency space. The timeline for receiving a 1099 form for cryptocurrency activities can vary depending on the exchange or platform you used. Generally, exchanges and platforms are required to send out 1099 forms to their users by January 31st of each year. However, it's important to note that not all cryptocurrency activities may require a 1099 form. It depends on the specific circumstances and the amount of cryptocurrency transactions you have made. If you have engaged in a significant number of transactions or have earned a substantial amount of income from cryptocurrency, you are more likely to receive a 1099 form. Remember to keep track of your cryptocurrency activities and consult with a tax professional for personalized advice.
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