Crypto.com sends Form 1099-MISC detailing taxable income from cryptocurrency to both customers and the IRS.
In the past, Crypto.com issued Form 1099-K to customers. However, this form caused confusion for both customers and tax authorities — and even led to warning letters being sent to customers who had accurately reported their taxes!
Yes. In the United States, your transactions on Crypto.com and other platforms are subject to income and capital gains tax.
If you’ve earned or disposed of crypto (ex. Sold or traded away cryptocurrency) during the year, you’ll have a tax liability to report to the IRS.
For more information, check out our complete guide to cryptocurrency taxes.
Yes. Crypto.com legally operates in the United States.
Remember, there is no way to legally evade your taxes in the United States. However, tools like tax-loss harvesting and cryptocurrency tax software can help you save thousands of dollars legally.
For more information, check out our guide on how to avoid crypto taxes.