From a tax reporting perspective, 1099-K is useless because it does not help the taxpayer report capital gains and losses from cryptocurrency investing activity.

1099-B. Form 1099-B documents income from the sale of securities at a brokerage or barter exchange. If you sold stock last year, the gain or loss will be reported on a 1099-B.

The 1099-B makeover. Both tax pros and financial service firms expect the new 1099-B, Proceeds From Broker and Barter Exchange Transactions, to cause mass confusion.

You must send a 1099 when you've made payments to a contractor of $600 or more during the tax year in the course of your trade or business. The contractor must be an individual or partnership.

For 1099-B reporting to be truly effective (in the way that it is effective for traditional equities brokers), cryptocurrency brokers would have to operate in a siloed, walled-garden fashion.

The 1099-B has blank in the cost basis (1e), "Check if basis reported to IRS" (3) is not checked, and "Check if noncovered security" (5) is checked. If the stock was a bonus from work would the ...

Businesses must meet the February 18, 2025 deadline to furnish recipient copies of Forms 1099-B, 1099-S, and 1099-MISC (Boxes 8 and 10) ...

Investors should receive their 1099-B and 1099-S forms from their financial institutions by Feb. 15 this year. The deadline for investment firms to provide 1099 forms to clients for many years was ...

1099-B. Form 1099-B documents income from the sale of securities at a brokerage or barter exchange. If you sold stock last year, the gain or loss will be reported on a 1099-B.

Form 1099-B is being framed as a “solution” to your crypto tax problems by regulators and financially incentivized market participants. Unfortunately, this couldn’t be further from the truth.