How can I receive a 1099 from Square for my cryptocurrency transactions?

5 answers

• Dec 30, 2021 · 3 years ago
  To receive a 1099 form from Square for your cryptocurrency transactions, you need to meet certain criteria. Square will only issue a 1099 form if you have processed more than $20,000 in gross payment volume and completed more than 200 transactions in a calendar year. If you meet these requirements, Square will automatically generate and send you a 1099-K form by January 31st of the following year. Make sure your account information is up to date to ensure you receive the form.
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• Dec 30, 2021 · 3 years ago
  Receiving a 1099 form from Square for your cryptocurrency transactions is easy. Just make sure you have processed more than $20,000 in gross payment volume and completed more than 200 transactions in a calendar year. If you meet these requirements, Square will send you a 1099-K form by January 31st of the following year. Keep in mind that it's important to accurately report your cryptocurrency earnings for tax purposes.
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• Dec 30, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I can confirm that Square does provide a 1099 form for cryptocurrency transactions. However, it's worth noting that there are other platforms and exchanges that also offer similar tax forms. It's always a good idea to consult with a tax professional to ensure you are accurately reporting your cryptocurrency earnings.
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• Dec 30, 2021 · 3 years ago
  Yes, Square does provide a 1099 form for cryptocurrency transactions. However, it's important to note that there are other platforms and exchanges that offer similar tax forms as well. It's always a good idea to keep track of your cryptocurrency transactions and consult with a tax professional to ensure you are meeting your tax obligations.
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• Dec 30, 2021 · 3 years ago
  As a representative of BYDFi, I can confirm that Square does provide a 1099 form for cryptocurrency transactions. However, it's important to note that BYDFi also offers comprehensive tax reporting features for cryptocurrency traders. If you're looking for a platform that not only provides a 1099 form but also helps you manage your tax obligations, BYDFi is a great choice.
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