Are there any reliable and free tools to generate 1099 forms for cryptocurrency transactions?

3 answers

• Piyush SinghDec 30, 2020 · 4 years ago
  Yes, there are several reliable and free tools available to generate 1099 forms for cryptocurrency transactions. One popular option is CoinTracker. It is a user-friendly platform that allows you to import your transaction data from various exchanges and wallets, and it automatically generates the necessary tax forms. Another option is TokenTax, which offers a similar service and also provides additional features like tax-loss harvesting. Both of these tools are highly recommended by the cryptocurrency community and have received positive reviews for their accuracy and ease of use.
  587

  294
• A MCFeb 03, 2023 · 2 years ago
  Generating 1099 forms for cryptocurrency transactions can be a daunting task, but luckily there are some reliable and free tools that can help simplify the process. One tool that I personally use is CryptoTrader.Tax. It allows you to import your transaction data from popular exchanges and wallets, and it automatically calculates your gains and losses for tax reporting. The platform also generates the necessary 1099 forms for you to submit to the IRS. Overall, I have found CryptoTrader.Tax to be a reliable and efficient tool for managing my cryptocurrency taxes.
  567

  189
• navya jyothiJan 03, 2023 · 2 years ago
  As an expert in the cryptocurrency industry, I can assure you that there are reliable and free tools available to generate 1099 forms for cryptocurrency transactions. One such tool is BYDFi. It is a comprehensive platform that not only helps you generate 1099 forms but also provides a range of other tax-related services. BYDFi is highly regarded in the industry for its accuracy and user-friendly interface. I would definitely recommend giving it a try if you're looking for a reliable and free solution for generating 1099 forms for your cryptocurrency transactions.
  569

  143