Where can I find box 12 on my 1099-B for cryptocurrency transactions?

3 answers

• Nov 26, 2021 · 3 years ago
  When you receive a 1099-B form for your cryptocurrency transactions, box 12 is typically located in the middle section of the form. It is labeled as 'Box 12 - Code' and is followed by a series of letters and numbers. Look for the code that corresponds to cryptocurrency transactions, such as 'Z' for cryptocurrency. This code represents the type of transaction you made, and the amount will be listed next to it. Make sure to report this information accurately when filing your taxes.
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• Nov 26, 2021 · 3 years ago
  Finding box 12 on your 1099-B form for cryptocurrency transactions is easy. Just look for the section labeled 'Box 12' on the form. It should be clearly marked and may be accompanied by a description of the code used for cryptocurrency transactions. The amount related to your cryptocurrency transactions will be listed next to the corresponding code. Remember to include this information when reporting your taxes to ensure compliance with tax regulations.
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• Nov 26, 2021 · 3 years ago
  At BYDFi, we understand the importance of accurately reporting your cryptocurrency transactions. When you receive a 1099-B form, you can find box 12 by locating the section labeled 'Box 12 - Code'. Look for the code that represents cryptocurrency transactions, such as 'Z' for cryptocurrency. The amount related to your cryptocurrency transactions will be listed next to this code. Make sure to include this information when filing your taxes to avoid any potential issues with the IRS.
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