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What is the process for receiving a 1099 from Cash App for my crypto trades?

avatarDax SardinhaNov 26, 2021 · 3 years ago1 answers

Can you explain the step-by-step process for receiving a 1099 from Cash App for my cryptocurrency trades?

What is the process for receiving a 1099 from Cash App for my crypto trades?
Crypto
1099
Cash App

1 answers

  • avatarNov 26, 2021 · 3 years ago
    Receiving a 1099 from Cash App for your crypto trades is a straightforward process. Just follow these steps: 1. Open the Cash App on your mobile device. 2. Navigate to the 'Investing' tab. 3. Select the cryptocurrency you traded, such as Bitcoin. 4. Locate the 'Tax Documents' option. 5. Choose the desired tax year for the 1099. 6. Download and save the 1099 form. That's it! You now have your 1099 from Cash App for your crypto trades. Remember to consult a tax professional for accurate reporting of your cryptocurrency earnings.

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