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ffernando
Returning Member

My first time reporting cryptocurrency... i received a 1099-b and a csv document for cryptocurrency. Do I use both forms for reporting cryptocurrency transactions?

 
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2 Replies

My first time reporting cryptocurrency... i received a 1099-b and a csv document for cryptocurrency. Do I use both forms for reporting cryptocurrency transactions?

report your sales of capital assets.

an exchange from one currency to another is considered a sale of the first currency.

do not enter your transactions twice.

ffernando
Returning Member

My first time reporting cryptocurrency... i received a 1099-b and a csv document for cryptocurrency. Do I use both forms for reporting cryptocurrency transactions?

Thank you for responding to my question, i really appreciate the help. I just want to make sure i understand this correctly. Since i have the 1099-B for cryptocurrency, just use that form to file my taxes, and not import the CSV document, correct?.. Also, I received another 1099-B for other stocks. Which means importing 2 1099-Bs, one for cryptocurrency and one for stocks? 

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