How much do I need to earn from digital currency to be issued a 1099?

3 answers

• RUBEN GARCIAOct 06, 2022 · 3 years ago
  To be issued a 1099 form for earnings from digital currency, you need to earn at least $600 in a calendar year. This is the threshold set by the Internal Revenue Service (IRS) for reporting income from miscellaneous sources, including digital currency. If you earn less than $600, you may still need to report the income, but you won't receive a 1099 form.
  356

  178
• MrWorlJul 22, 2025 · 15 days ago
  The amount you need to earn from digital currency to be issued a 1099 form depends on the platform or exchange you use. Some platforms may issue a 1099 form for any amount earned, while others may have a higher threshold. It's important to check the specific guidelines and reporting requirements of the platform you use.
  321

  107
• 13martin39Dec 28, 2021 · 4 years ago
  According to BYDFi, a popular digital currency exchange, they issue a 1099 form for earnings from digital currency if you earn $10,000 or more in a calendar year. This is in line with the IRS threshold for reporting income from digital currency. However, it's always best to consult with a tax professional or refer to the official guidelines to ensure compliance with reporting requirements.
  392

  98