What are the requirements for receiving a Nexo 1099 form?

3 answers

• Nov 26, 2021 · 3 years ago
  To receive a Nexo 1099 form, you need to meet certain criteria. First, you must have earned at least $600 in interest income from your Nexo account during the tax year. Additionally, you need to have provided your correct taxpayer identification number (TIN) to Nexo. This can be your Social Security Number (SSN) or an Employer Identification Number (EIN) if you have a business entity. It's important to ensure that the information you provide to Nexo is accurate and up to date to avoid any issues with receiving your 1099 form.
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• Nov 26, 2021 · 3 years ago
  In order to receive a Nexo 1099 form, you need to have a verified Nexo account. This means you must have completed the necessary KYC (Know Your Customer) procedures and provided the required identification documents. Once your account is verified, Nexo will automatically generate and send you a 1099 form if you meet the income threshold and other requirements set by the IRS.
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• Nov 26, 2021 · 3 years ago
  Receiving a Nexo 1099 form is a straightforward process. As a user of BYDFi, you can easily access and download your 1099 form from your account dashboard. Simply log in to your BYDFi account, navigate to the tax documents section, and you'll find your 1099 form ready for download. Make sure to review the form and consult with a tax professional if you have any questions or need assistance with filing your taxes.
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