Most taxpayers lack 1099 forms for reporting crypto transactions

The Internal Revenue Service is including a question at the top of Schedule 1 of the Form 1040 this year asking taxpayers whether they received, sold, sent, exchanged or acquired a financial interest in virtual currency in 2019, but most taxpayers won’t have any record from a Form 1099 about their cryptocurrency transactions.

Original Article Posted at : https://www.accountingtoday.com/news/most-taxpayers-lack-1099-forms-for-reporting-crypto-transactions