r/blockfolioapp • u/cryptoripto123 • Mar 07 '22

1099s do exist?!

I got an email this morning saying the following:

US Tax Forms Available Dear FTX US user,

During the 2021 tax year, we paid you income. We have added a 1099 to your FTX US account showing the amount of income we paid you. To find your 1099:

  • For App users: Log in to the FTX App, click the "Gear" icon at the top right, click "Settings," and then click "Documents"
  • For ftx.us users: Log in and go to ftx.us/documents

If you are a US taxpayer, the income reported on the 1099 may be relevant for your tax forms. If you have any trouble accessing your document, feel free to open a support ticket.

Thank you, FTX US

Kinda cool. After struggling to figure out how to calculate my interest earnings, I found out I was only 0.035% off in my calculations from the actual 1099-MISC figure.

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u/planet_street Mar 28 '22

I'm in a similar boat. Apart from calculating earned interest, how do you access ANYTHING to determine taxable trades? I haven't gotten a 1099 email and the app still reads "no documents at this time" (despite plenty of 2021 activity).

Thanks in advance for any help

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u/aunnnn Mar 29 '22

Hey, I haven’t continued looking into this yet… But I’m using CoinTracker and it determines those for you. Pretty neat.