Cryptocurrency Income for Employees and Non-Employees

Crypt0Turbr0 — Tue, 24 Feb 2026 08:04:20 GMT

What tax form(s) is/are best to use for reporting employees', as well as non-employees', cryptocurrency income?

Re: Cryptocurrency Income for Employees and Non-Employees

LoriLeighEA — Wed, 15 Nov 2023 19:03:22 GMT

Thanks for joining us today, Crypt0Turbr0!

If you buy, sell or exchange cryptocurrency, you would report this activity using Form 1040 Schedule D as your crypto tax form to reconcile your capital gains and losses and form 8949 if necessary.
If you earned ordinary income related to crypto currency activities, tax forms 1099NEC or 1099MISC maybe used.
If you are an employer and paid an employee crypto and the payments during the year reach $600, you’ll need to issue them an IRS Form 1099. Whatever the type or amount of crypto you use, the IRS will say you paid them the current market value of the crypto on that day.

Here is more detailed information: