LogFAQs > #953977438

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Topic	Stock Topic 29
Forceful_Dragon 05/16/21 7:04:14 PM #242:	It sounds like coinbase issues 1099-MISC. I think a 1099-B would be better but it sounds like crypto exchanges are not required to use that form at this point so coinbase uses 1099-MISC and it looks like binance will provide 1099-K. Edit: Bottom line, keep a good accounting of your costs so you can clearly distinguish what portion of what you received was actually profit. --- ~C~ FD https://imgur.com/dGDfxaw <cite>Forceful_Dragon posted [p:953977438] in Stock Topi... [t:79446992]...</cite> <quote>It sounds like coinbase issues 1099-MISC. I think a 1099-B would be better but it sounds like crypto exchanges are not required to use that form at this point so coinbase uses 1099-MISC and it looks like binance will provide 1099-K. Edit: Bottom line, keep a good accounting of your costs so you can clearly distinguish what portion of what you received was actually profit. --- ~C~ FD https://imgur.com/dGDfxaw</quote> ... Copied to Clipboard!
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