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belovedxiaomin20
Returning Member

My crypto invest is under $ 600.00. I did not receive any 1099 form regarding this. My question is whether I still need to report this for the tax return?

 
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1 Reply
MaryK4
Employee Tax Expert

My crypto invest is under $ 600.00. I did not receive any 1099 form regarding this. My question is whether I still need to report this for the tax return?

Yes, you must report if you had cryptocurrency or other digital assets you received (as a reward, award or payment for property or services); or sold, exchanged, or otherwise disposed of a digital asset (or a financial interest in a digital asset).  See Digital assets | Internal Revenue Service.

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