The table below reflects all of the different transaction type and subtype combinations and the tax form/deliverable that they will ultimately map to.
For example, if an account had the transactions below, the account would be eligible for both a Form 1099-NEC (Box 1 - $1,350) and a 1099-MISC (Box 3 - $1,000).
- Income > NEC - $450
- Income > NEC - $450
- Income > NEC - $450
- Income > Reward - $1,000
| Transaction Type | Transaction Subtype | Form Type |
| Income | Rent |
1099-MISC Rent (Box 1) |
| Royalties |
1099-MISC Royalties (Box 2) |
|
| Airdrop |
1099-MISC Other income (Box 3) |
|
| Interest-Crypto-Backed | ||
| Referral-Bonus | ||
| Reward | ||
| Staking-Reward | ||
| Other | ||
| Medical-Payment |
1099-MISC Medical and healthcare payments (Box 6) |
|
| Gross-Proceeds-Paid-to-an-Attorney |
1099-MISC Gross proceeds paid to an attorney (Box 10) |
|
| NEC |
1099-NEC Nonemployee compensation (Box 1) |
|
| Payment-Goods | 1099-K & DAC7 | |
| Payment-Services | 1099-K & DAC7 | |
| Interest-Fiat-Backed |
1099-INT Interest income (Box 1) |
|
| Expense | N/A |
1099-B/DA Only if expensing a digital asset (not fiat) |
| Trade | N/A | 1099-B/DA |
| Sell | N/A | 1099-B/DA |
| Buy | N/A |
1099-B/DA Only if there are digital asset fees in a digital asset that is different from the asset being purchased |
| Deposit | ACH |
1099-B/DA Only if there are digital asset fees |
| Debit | ||
| Blockchain | ||
| Card-Reward | ||
| Cost-Basis-FMV | ||
| Withdraw | ACH | |
| Blockchain | ||
| Gift-sent |