What are the tax forms required for crypto transactions on crypto.com?

3 answers

• Bandaru BhargaviJun 15, 2021 · 4 years ago
  When it comes to tax forms for crypto transactions on crypto.com, there are a few important ones to be aware of. The most common form is the Form 1099-K, which is used to report payment card and third-party network transactions. This form is typically issued by crypto exchanges like crypto.com to users who have engaged in a certain level of transactions. Additionally, depending on your specific situation, you may also need to fill out Form 8949 to report capital gains or losses from your crypto transactions. It's always a good idea to consult with a tax professional or use tax software to ensure you're filling out the correct forms.
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• MrSensibleOct 02, 2021 · 4 years ago
  Ah, taxes. The bane of every crypto trader's existence. When it comes to crypto transactions on crypto.com, you'll need to keep an eye out for the Form 1099-K. This form is like the W-2 of the crypto world and is used to report your payment card and third-party network transactions. Crypto.com will typically issue this form to users who have reached a certain threshold of transactions. Additionally, if you've made any capital gains or losses from your crypto transactions, you may also need to fill out Form 8949. Remember, it's always a good idea to consult with a tax professional to make sure you're on the right track.
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• Rama PratamaDec 10, 2023 · 2 years ago
  When it comes to crypto transactions on crypto.com, you'll need to be aware of the tax forms that may be required. One of the most common forms is the Form 1099-K, which is used to report payment card and third-party network transactions. Crypto.com will typically issue this form to users who have met a certain threshold of transactions. Additionally, if you've made any capital gains or losses from your crypto transactions, you may also need to fill out Form 8949. Remember, it's important to stay on top of your tax obligations to avoid any potential issues down the line.
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