Transaction Mapping – US IRW
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.
For how different transaction types impact the Form 10990-DA, refer to this article: 1099-DA Acquisitions & Dispositions
|
Transaction Type |
Transaction Subtype |
Form Type |
|
Income |
Rent |
1099-MISC – Box 1 |
|
Royalties |
1099-MISC – Box 2 |
|
|
Blank |
1099-MISC – Box 3 |
|
|
Airdrop |
||
|
Interest-Crypto-Backed |
||
|
Mining |
||
|
Referral-Bonus |
||
|
Reward |
||
|
Staking-Reward |
||
|
Other |
||
|
Medical-Payment |
1099-MISC – Box 6 |
|
|
Gross-Proceeds-Paid-to-an-Attorney |
1099-MISC – Box 10 |
|
|
NEC |
1099-NEC |
|
|
Payment-Goods |
1099-K |
|
|
Payment-Services |
1099-K |
|
|
Interest-Fiat-Backed |
1099-INT – Box 1 |
|
|
Contribution |
Standard |
5498 |
|
Postponed |
||
|
Reacharacterization |
||
|
Conversion |
||
|
Rollover |
||
|
Late Rollover |
||
|
Distribution |
N/A |
1099-R |