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What are the requirements for receiving a 1099-B form from Cash App for cryptocurrency trading?

avatarScarborough LewisJan 14, 2022 · 3 years ago1 answers

What are the specific criteria or conditions that need to be met in order to receive a 1099-B form from Cash App for cryptocurrency trading? How does Cash App determine if a user is eligible for a 1099-B form?

What are the requirements for receiving a 1099-B form from Cash App for cryptocurrency trading?
Cryptocurrency
Cash App
1099-B Form

1 answers

  • avatarJan 14, 2022 · 3 years ago
    In order to receive a 1099-B form from Cash App for cryptocurrency trading, you must meet the IRS criteria for reporting. Cash App will review your trading activity and determine if it meets the requirements set by the IRS. These requirements may include a certain number of transactions or a certain total value of transactions. If your trading activity meets these criteria, Cash App will generate a 1099-B form for you. It's important to keep track of your trades and consult the IRS guidelines to ensure compliance with reporting requirements. If you have any specific questions about receiving a 1099-B form from Cash App, it's best to reach out to their customer support for clarification.

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