ChipButty on Nostr: If you have a crypto wallet that lets you swap one altcoin for another altcoin or a ...
If you have a crypto wallet that lets you swap one altcoin for another altcoin or a stablecoin or bitcoin then the maker of that wallet has to report your transactions to the IRS. Even if the wallet provider doesn't hold any of the coins being transferred at all they will still need to report the transactions to the IRS & issue you a 1099 tax form.
Published at
2024-12-28 04:23:12Event JSON
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"content": "If you have a crypto wallet that lets you swap one altcoin for another altcoin or a stablecoin or bitcoin then the maker of that wallet has to report your transactions to the IRS. Even if the wallet provider doesn't hold any of the coins being transferred at all they will still need to report the transactions to the IRS \u0026 issue you a 1099 tax form.",
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