Taxbit supports the transaction types and subtypes included in the table below. Each type has a specific tax treatment, including the cost basis that is applied, and the form type the transaction will be reported on.
| Transaction Type | Transaction Subtype | Form Type | Basis |
| Income | Rent | 1099-MISC - Rent (Box 1) | FMV |
| Royalties | 1099-MISC Royalties (Box 2) | ||
| Airdrop | 1099-MISC Other Income (Box 3) | ||
| Interest-Crypto-Backed | |||
| Referral-Bonus | |||
| Reward | |||
| Staking-Reward | |||
| Other | |||
| N/A | |||
| 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) & MRDP | ||
| Payment-Goods | 1099-K & MRDP | ||
| Payment-Services | |||
| Interest-Fiat-Backed | 1099-INT – Interest income (Box 1) | ||
| Expense | N/A | 1099-DA Only if expensing a digital asset | N/A |
| Trade | N/A | 1099-DA | FMV |
| Sell | N/A | 1099-DA | N/A |
| Buy | N/A |
N/A
| FMV |
| Deposit | N/A | Unknown
Unless customer-provided basis information is provided | |
| ACH | |||
| Debit | |||
| Blockchain | |||
| Cost-Basis-FMV | FMV | ||
| Gift | FMV, Donor’s Basis, or Unknown
Requires the transaction ID of Withdraw | ||
| Inheritance | FMV Including long-term holding period | ||
| Internal-Personal | Original basis
Requires the transaction ID of Withdraw | ||
| Card-Reward | Zero | ||
| Withdraw | N/A |
N/A
| |
| ACH | |||
| Blockchain | |||
| Gift | |||
| Stake | N/A | N/A | |
| Unstake | N/A | N/A | |
| Cost-Basis-Transfer | Asset-Name-Change | Original basis | |
| Wrapping | Original basis | ||
| Adjustment | N/A | N/A | |
| Contribution | Standard |
5498
| N/A |
| Postponed | |||
| Recharacterization | |||
| Conversion | |||
| Rollover | |||
| Late Rollover | |||
| Distribution | N/A | 1099-R | N/A |
Please note: Most of the transactions listed above may be reportable on a Form 1099-B/DA to the extent there is a digital asset fee on the transaction.