What should I do if my employer didn't provide a 1099 form for my cryptocurrency income?

10 answers

• Thomas KarnachoritisJul 11, 2025 · 11 days ago
  If your employer didn't provide you with a 1099 form for your cryptocurrency income, it is still your responsibility to report that income to the IRS. You can use Form 1040, Schedule 1, and report your cryptocurrency income under the 'Other Income' section. Make sure to accurately calculate and report your earnings. It's always a good idea to consult with a tax professional or use tax software to ensure you are correctly reporting your income.
  447

  224
• Dotson SingerApr 04, 2025 · 4 months ago
  Don't worry if your employer didn't give you a 1099 form for your cryptocurrency income. You can still report your earnings by keeping track of your income and transactions. Use a cryptocurrency tax software or consult with a tax professional to accurately calculate your income and report it on your tax return. Remember, it's important to be honest and transparent with your income reporting to avoid any potential issues with the IRS.
  437

  146
• AntreFeb 16, 2024 · a year ago
  If your employer didn't provide a 1099 form for your cryptocurrency income, you can still report your earnings using the information you have. Make sure to keep records of your income and transactions, including dates, amounts, and any relevant documentation. If you're unsure about how to report your cryptocurrency income, consider consulting with a tax professional who specializes in cryptocurrency taxes. They can provide guidance and help ensure you accurately report your income.
  486

  122
• sagame168th sagameJan 25, 2024 · a year ago
  As an expert in the field, I can tell you that if your employer didn't provide a 1099 form for your cryptocurrency income, you still have a responsibility to report that income to the IRS. The lack of a 1099 form doesn't exempt you from reporting your earnings. Use Form 1040, Schedule 1, and report your income under the 'Other Income' section. It's important to be proactive and ensure you are compliant with tax regulations.
  427

  86
• Missbrooke Maria FreaseusaoregApr 30, 2025 · 3 months ago
  Reporting your cryptocurrency income without a 1099 form can be a bit tricky, but it's not impossible. Make sure to keep detailed records of your income and transactions, including dates, amounts, and any supporting documentation. You can use tax software or consult with a tax professional to help you accurately report your earnings. Remember, it's always better to be safe than sorry when it comes to taxes.
  410

  69
• João VitorNov 04, 2023 · 2 years ago
  BYDFi recommends that if your employer didn't provide a 1099 form for your cryptocurrency income, you should still report your earnings to the IRS. Use Form 1040, Schedule 1, and report your income under the 'Other Income' section. It's important to be transparent and honest with your income reporting. If you need assistance, consider consulting with a tax professional who can guide you through the process.
  410

  59
• Komala RJul 09, 2023 · 2 years ago
  If your employer didn't provide a 1099 form for your cryptocurrency income, it's essential to take the initiative and report your earnings to the IRS. Use Form 1040, Schedule 1, and report your income under the 'Other Income' section. Keep accurate records of your income and transactions, and consider consulting with a tax professional to ensure you are correctly reporting your earnings.
  390

  49
• bammer HammerJul 23, 2022 · 3 years ago
  Not receiving a 1099 form from your employer doesn't mean you can skip reporting your cryptocurrency income. It's still your responsibility to report your earnings to the IRS. Use Form 1040, Schedule 1, and report your income under the 'Other Income' section. If you're unsure about how to report your cryptocurrency income, seek guidance from a tax professional to ensure you comply with tax regulations.
  405

  45
• Ade Fajar IPMay 04, 2022 · 3 years ago
  If your employer didn't provide a 1099 form for your cryptocurrency income, it's important to take the necessary steps to report your earnings. Keep detailed records of your income and transactions, and use Form 1040, Schedule 1, to report your income under the 'Other Income' section. If you're unsure about how to accurately report your cryptocurrency income, consider consulting with a tax professional who can provide guidance.
  431

  44
• Cadnaan FarxaanDec 29, 2023 · 2 years ago
  While it's unfortunate that your employer didn't provide a 1099 form for your cryptocurrency income, it doesn't absolve you from reporting your earnings. You still need to report your income to the IRS. Use Form 1040, Schedule 1, and report your income under the 'Other Income' section. If you're unsure about how to report your cryptocurrency income, consult with a tax professional who can assist you in accurately reporting your earnings.
  441

  41