Two crypto tax experts, Shehan Chandrasekera, certified public accountant and head of strategy, Tax, at Cointracker, and John Cardone, senior director of Washington National Tax at RSM US LLP, explain[…]
Podcast Episodes mentioning 1099 Forms as they pertain to crypto
Cryptocurrencies are treated as property, and there are three main ways crypto can be taxed.
- Cashing out crypto
- Converting one token to another (Etherreum to Bitcoin for example)
- When you spend crypto to buy a good or service
- When you earn cryptocurrencies
The following podcasts discuss the tax implications of holding and trading crypto, especially as it pertains to 1099 forms. Third parties like crypto exchanges (like Coinbase), credit card companies (like Visa), and crypto brokers (like RobinHood) are required to send these forms to the government and may do so using 1009-K, 1099-MISC, and 1099-B forms.