Is there a minimum threshold for receiving a 1099 form from Cash App for cryptocurrency transactions?

3 answers

• Dec 25, 2021 · 3 years ago
  Yes, there is a minimum threshold for receiving a 1099 form from Cash App for cryptocurrency transactions. According to the IRS guidelines, if your total cryptocurrency transactions on Cash App exceed $600 in a calendar year, you will receive a 1099 form. This form is used to report your cryptocurrency earnings to the IRS.
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• Dec 25, 2021 · 3 years ago
  No, there is no minimum threshold for receiving a 1099 form from Cash App for cryptocurrency transactions. Even if your cryptocurrency transactions on Cash App are below $600 in a calendar year, you may still receive a 1099 form. It is important to keep track of all your cryptocurrency transactions and report them accurately to the IRS.
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• Dec 25, 2021 · 3 years ago
  As an expert in the field, I can confirm that there is indeed a minimum threshold for receiving a 1099 form from Cash App for cryptocurrency transactions. If your total cryptocurrency transactions on Cash App exceed $600 in a calendar year, you will be issued a 1099 form. It is important to accurately report your earnings to comply with tax regulations.
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