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Call: 316-869-0948 Cryptocurrency Form 1099-MISC: Investor’s Guide 2022 We’ll cover all you need to know in this article, whether you received Form 1099-MISC from a bitcoin exchange or not. We’ll go over the fundamentals of cryptocurrency taxation, define Form 1099-MISC, and walk you through how to file your tax return using the data it contains. What taxes apply to cryptocurrencies? According to the IRS, cryptocurrency is the property and is therefore subject to
both capital gains and ordinary income tax. Keep in mind that Form 1099-MISC does not provide data on capital gains. Only ordinary income is intended to be tracked by the form. Check out our comprehensive guide to bitcoin taxes for additional details on how cryptocurrencies are taxed. What taxes apply to cryptocurrencies? According to the IRS, cryptocurrency is the property and is therefore subject to both capital gains and ordinary income tax. Keep in mind that Form 1099 MISC does not provide data on capital gains. Only ordinary income is intended to be tracked by the form. Check out our comprehensive guide to bitcoin taxes for additional details on how cryptocurrencies are taxed. On Form 1099-MISC, cryptocurrency income is typically recorded under the heading ‘Other income’ Contact Us: Mail: support@form1099online.com Location: 1749 North Roosevelt Ct, Wichita, KS, 67208 www.form1099online.com