Hello,
I am a sole proprietor who does web design/development and I accept crypto as income. I was expecting to receive a 1099-K instead of 1099-B for my transaction.
I received compensation for my work and immediately sold the crypto to USD. I was planning on filing Schedule C with the total proceeds from the 1099-B form I received from CashApp.
my question is, will that be fine to do so?
will I have any issues? I am basically just going to report all proceeds as basically income.
