What is the difference between 1099 div and 1099 b in the context of cryptocurrencies?

1 answers

• DH KimDec 09, 2021 · 4 years ago
  When it comes to reporting cryptocurrency transactions, 1099 div and 1099 b are two different tax forms that you need to be aware of. 1099 div is used to report dividend income from cryptocurrencies, while 1099 b is used to report the proceeds from the sale of cryptocurrencies. So, if you receive any dividends from your cryptocurrency investments, you would receive a 1099 div form. If you sell your cryptocurrencies and make a profit, you would receive a 1099 b form. It's important to keep track of these forms and accurately report your cryptocurrency transactions to avoid any potential tax issues.
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