How can I read a 1099-B for cryptocurrency transactions?

1 answers

• Mar 21, 2022 · 3 years ago
  When it comes to reading a 1099-B form for cryptocurrency transactions, it's important to pay attention to the details. Start by looking at Box 1a to find the date of the sale. Then, check Box 1b for the description of the cryptocurrency involved. In Box 2, you'll see the proceeds from the sale. Finally, take a look at Box 3 for any adjustments or codes that may apply. If you need further assistance, feel free to reach out to our team at BYDFi, and we'll be happy to help you understand the form and navigate through your cryptocurrency transactions.
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