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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