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Returning Member
posted Oct 7, 2023 1:41:29 PM

1099-B Detailed and 1099-B Summary for Crypto

Hi -

 

I was wondering if it is ok to include one detailed 1099-B form for crypto gains/losses from a particular exchange which total in the 100's of trades and the software will seem to accept. And then one summary 1099-B for a large number of crypto derivatives trades that occurred on a different platform, and then mail in the more detailed breakout of these trades from this platform which total in the 1,000s to the IRS? 

 

Is it possible to separate them like this (one summary + one detailed) ? Or would I have to choose 1 or the other (ie report them all as a summary, or try to combine them all as a detailed breakout) 

 

Any advice would be appreciated! Thank you!

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1 Replies
Level 15
Oct 7, 2023 1:43:53 PM

Sure ... that is allowed.