How can I receive a 1099-K from Cash App for my cryptocurrency transactions?
Mihajlo ZivkovicDec 27, 2021 · 3 years ago3 answers
I have been using Cash App for my cryptocurrency transactions and I need to receive a 1099-K form for tax purposes. How can I go about receiving a 1099-K from Cash App?
3 answers
- Dec 27, 2021 · 3 years agoTo receive a 1099-K from Cash App for your cryptocurrency transactions, you need to ensure that you have met the requirements set by the platform. This includes reaching the threshold of $20,000 in gross payments received and having at least 200 transactions. Once you meet these criteria, Cash App will automatically generate and send you a 1099-K form. Make sure to keep track of your transactions and consult with a tax professional for any additional guidance.
- Dec 27, 2021 · 3 years agoReceiving a 1099-K from Cash App for your cryptocurrency transactions is a straightforward process. As long as you meet the minimum requirements of $20,000 in gross payments and 200 transactions, Cash App will automatically generate the form for you. It's important to note that the form will be sent to the email address associated with your Cash App account, so make sure to check your inbox and spam folder. If you haven't received the form, you can reach out to Cash App's customer support for assistance.
- Dec 27, 2021 · 3 years agoTo receive a 1099-K from Cash App for your cryptocurrency transactions, you need to meet the platform's requirements. Cash App will automatically generate the form if you have received at least $20,000 in gross payments and have had at least 200 transactions. If you meet these criteria and haven't received the form, you can contact Cash App's support team for further assistance. They will be able to help you with any issues or concerns regarding the 1099-K form.
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