What is Form 1099-B?

Brokers usually file Form 1099-B to provide the IRS with detailed information on the profit or loss from the transaction of your asset or property and also issue you a copy. You’ll need it to fill out Schedule D and Form 8949.

However, crypto exchanges do not file Form 1099-B, leaving you on your own to compile all your crypto transaction details, which can be quite complicated and time-consuming. Let Cointelli do the heavy lifting to ensure you get the proper forms and information you need to calculate your crypto taxes and complete your tax return.



DISCLAIMER: This post is for informational purposes only and should not be interpreted or relied upon as a substitute for the advice of financial, legal, or tax professionals. This content also only addresses U.S. federal income tax consequences for U.S. citizens and residents and does not address tax consequences that may be relevant to a particular person subject to special rules, such as dealers or traders. You should consult with your own financial, legal, or tax professionals to report and file your crypto taxes or make decisions on your particular circumstances. The laws, regulations, or interpretation of the existing laws could change, which may adversely affect either prospectively or retroactively. The content of this post is subject to changes.