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Can I use Cash App to generate a 1099 form for my cryptocurrency earnings?

Benamar MohJun 26, 2022 · 3 years ago3 answers

Is it possible to use Cash App to generate a 1099 form for reporting my earnings from cryptocurrency? I've been using Cash App for my transactions and I'm wondering if it provides the necessary documentation for tax purposes. Can Cash App generate a 1099 form specifically for cryptocurrency earnings?

Cash App
Cryptocurrency Earnings
1099 Form

3 answers

  • Krabbe DamsgaardJan 03, 2023 · 2 years ago
    Unfortunately, Cash App does not currently offer the option to generate a 1099 form for cryptocurrency earnings. Cash App is primarily a peer-to-peer payment service and does not provide tax reporting services. If you need to report your cryptocurrency earnings for tax purposes, you may need to use a different platform or consult with a tax professional.
  • AJAY BOOPATHY K ECEAug 04, 2021 · 4 years ago
    No, Cash App does not have the capability to generate a 1099 form specifically for cryptocurrency earnings. Cash App is primarily designed for peer-to-peer payments and does not provide tax reporting features. To accurately report your cryptocurrency earnings, you should consult with a tax professional or use a platform that offers comprehensive tax reporting services.
  • Duran RossenFeb 08, 2024 · a year ago
    While Cash App is a convenient platform for sending and receiving money, it does not have the functionality to generate a 1099 form for cryptocurrency earnings. If you need to report your cryptocurrency earnings, you may consider using a different platform or consult with a tax professional who can guide you through the reporting process.

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