Is it possible to get a 1099 form from Cash App for my virtual currency transactions?
Akshay KabraNov 27, 2021 · 3 years ago3 answers
I'm wondering if it's possible to obtain a 1099 form from Cash App for reporting my virtual currency transactions. Can Cash App provide this form for tax purposes?
3 answers
- Nov 27, 2021 · 3 years agoYes, Cash App does provide a 1099 form for virtual currency transactions. It is important to report your virtual currency transactions for tax purposes, and Cash App makes it easy by providing the necessary form. Simply reach out to Cash App support and they will guide you through the process of obtaining your 1099 form.
- Nov 27, 2021 · 3 years agoUnfortunately, Cash App does not currently offer a 1099 form for virtual currency transactions. However, you are still responsible for reporting your virtual currency transactions for tax purposes. It is recommended to consult with a tax professional to ensure you accurately report your virtual currency earnings and comply with tax regulations.
- Nov 27, 2021 · 3 years agoAs an expert in the field, I can confirm that Cash App does provide a 1099 form for virtual currency transactions. It's great to see platforms like Cash App taking the initiative to help users stay compliant with tax regulations. Make sure to reach out to Cash App support to obtain your 1099 form and accurately report your virtual currency earnings.
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