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Does Gemini issue a 1099-MISC?

Gemini issues a Form 1099-MISC for any non-exempt U.S. exchange account holder who has earned more than $600 (USD equivalent) in income on the exchange during the calendar year. If applicable, income is reported in Box 3 (Other income) on the Form.

What is a 1099 & how does it work?

A 1099 is a tax document that reports income you receive from sources other than an employer.

How do I identify a 1099?

You can file unlimited 1099s, including 1099-NEC and 1099-MISC2. The IRS makes the identification of its forms relatively easy. For example, in the image above, you can identify the form as a 1099-MISC by the box in the upper right-hand corner.

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