David PérezNov 25, 2021 · 3 years ago9 answers What are the tax implications for reporting 1099 income from cryptocurrency trading?
Can you explain the tax implications of reporting 1099 income from cryptocurrency trading? I am wondering how the IRS treats cryptocurrency earnings and if there are any specific rules or regulations that I need to be aware of when reporting my income. Are there any deductions or exemptions available for cryptocurrency traders? How should I go about reporting my cryptocurrency earnings on my tax return?