MysterylitRapture
Wed Jul 17 2024
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6 answers
1667
What is a 1099-K form for cryptocurrency exchanges?
Could you elaborate on the purpose and significance of the 1099-K form in the context of cryptocurrency exchanges? Specifically, I'm interested in understanding how this form relates to tax reporting for crypto transactions, what information it typically contains, and how exchanges determine when a 1099-K should be issued. Additionally, I'd like to know if there are any thresholds or exemptions that may apply to individual traders or businesses engaging in crypto transactions.
