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Cash App sent 1099-B and only shows proceeds, no cost basis. I only used cash app as a payment processor/collection service. Does this need to go under 1099B or Misc income section?
I used cash app as a payment processor and collected Bitcoin for various areas/transactions/services. Cash App sent a 1099-B, but since I only utilized Cash App as a payment processor to receive the Bitcoin payments, how do I determine the cost basis. Would this not be better placed on MISC income section or should I just use the costs basis of $0?
Thanks
March 24, 2022
3:07 PM