Are there any specific requirements to receive a 1099 from Cash App for my digital asset transactions?

3 answers

• May 10, 2022 · 3 years ago
  To receive a 1099 from Cash App for your digital asset transactions, there are a few specific requirements you need to meet. First, you must have completed at least 200 transactions with a total value of $20,000 or more in a calendar year. Additionally, you must have provided your taxpayer identification number (TIN) to Cash App. It's important to note that these requirements may vary depending on your jurisdiction, so it's always a good idea to consult with a tax professional for personalized advice.
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• May 10, 2022 · 3 years ago
  Receiving a 1099 from Cash App for your digital asset transactions is subject to specific requirements. One of the main requirements is that you need to have reached a certain threshold of transactions and total value. This threshold typically involves completing a minimum number of transactions and reaching a minimum total value within a calendar year. It's important to keep track of your transactions and consult with a tax professional to ensure compliance with the specific requirements in your jurisdiction.
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• May 10, 2022 · 3 years ago
  BYDFi, a digital asset exchange, provides users with the option to receive a 1099 for their digital asset transactions. To be eligible for a 1099 from BYDFi, you need to have completed a certain number of transactions and reached a minimum total value within a calendar year. The specific requirements may vary depending on your jurisdiction, so it's important to consult with a tax professional to ensure compliance. Keep in mind that receiving a 1099 is not mandatory for all users, and you should assess your own tax situation to determine if it's necessary for you.
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