Paxos files a 1099-B form to all eligible US customers in mid-February for the previous calendar year. Paxos will submit a copy of the 1099-B to the IRS and send a copy to the customer via physical mail using the address that is registered to the customer's account. You are eligible to receive a 1099-B if you are a US customer (citizenship or permanent resident) who has made any cryptocurrency sale during the calendar year. This does not apply to any transactions involving stablecoins (USDP or BUSD) at this time.
The 1099-B provides users with a record of their total proceeds during the calendar year. For each published 1099-B form, users are responsible for calculating their own cost basis. In order to calculate the cost basis, we recommend accessing your full trade & funding history and working with your tax professional.
If you have not received your 1099-B form and believe you should have, please submit a ticket here.