What is the reporting threshold for cryptocurrency earnings in 2024 according to 1099-div?

3 answers

• Sakshi PhaleApr 03, 2023 · 2 years ago
  According to the 1099-div form, the reporting threshold for cryptocurrency earnings in 2024 is $10. This means that if you earn less than $10 in cryptocurrency, you are not required to report it. However, it's important to note that this threshold may vary depending on your country or jurisdiction. It's always best to consult with a tax professional or refer to the official guidelines provided by your tax authority.
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• Teim0Jul 15, 2022 · 3 years ago
  The reporting threshold for cryptocurrency earnings in 2024 according to 1099-div is set at $10. This means that if your cryptocurrency earnings for the year are less than $10, you are not required to report them. However, it's important to keep in mind that tax laws and reporting requirements can vary by country and jurisdiction. It's always a good idea to consult with a tax professional or refer to the official guidelines provided by your tax authority to ensure compliance.
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• Huxley NyaogaFeb 16, 2025 · 5 months ago
  According to BYDFi, a leading cryptocurrency exchange, the reporting threshold for cryptocurrency earnings in 2024 according to 1099-div is $10. This means that if you earn less than $10 in cryptocurrency, you are not required to report it. However, it's important to note that tax laws and reporting requirements can vary by country and jurisdiction. It's always a good idea to consult with a tax professional or refer to the official guidelines provided by your tax authority to ensure compliance.
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