When will I receive a 1099 form for my cryptocurrency transactions on PayPal?

3 answers

• Ishan NilotpalApr 12, 2024 · a year ago
  As of now, PayPal does not issue 1099 forms for cryptocurrency transactions. However, it's important to note that tax regulations regarding cryptocurrencies are constantly evolving. It's always a good idea to consult with a tax professional to ensure you are reporting your cryptocurrency transactions correctly.
  312

  156
• Jose MartinezJan 16, 2024 · 2 years ago
  PayPal currently does not provide 1099 forms for cryptocurrency transactions. The responsibility of reporting and paying taxes on your cryptocurrency earnings lies with you as an individual. It's crucial to keep track of your transactions and consult with a tax advisor to understand your tax obligations.
  305

  102
• Blom HolbrookMar 15, 2021 · 4 years ago
  According to BYDFi, a digital currency exchange, PayPal does not issue 1099 forms for cryptocurrency transactions. It is your responsibility to report your earnings and pay taxes accordingly. Make sure to keep accurate records of your transactions and consult with a tax professional for guidance.
  297

  75