How does Cash App handle taxes for Bitcoin transactions?

3 answers

• Nov 25, 2021 · 3 years ago
  Cash App handles taxes for Bitcoin transactions by providing users with a 1099-B form. This form includes all the necessary information for reporting Bitcoin transactions to the IRS. Users can access their 1099-B form through the Cash App website or app. It is important to note that Cash App is not responsible for providing tax advice, and users should consult with a tax professional for any specific tax-related questions or concerns.
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• Nov 25, 2021 · 3 years ago
  When it comes to taxes for Bitcoin transactions on Cash App, users are responsible for accurately reporting their transactions to the IRS. Cash App provides a 1099-B form to assist users in this process. It is important to keep track of all Bitcoin transactions and report them accurately to avoid any potential tax issues. If you have any doubts or questions, it is always recommended to consult with a tax professional for guidance.
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• Nov 25, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that Cash App handles taxes for Bitcoin transactions by providing users with a 1099-B form. This form contains all the necessary information for reporting Bitcoin transactions to the IRS. Users can easily access their 1099-B form through the Cash App website or app. It is important to note that Cash App is not responsible for providing tax advice, and users should consult with a tax professional for any specific tax-related questions or concerns. Remember to accurately report your Bitcoin transactions to avoid any potential tax issues.
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