If you are a US taxpayer with reportable income, BlockFi may provide you with two separate reports related to your BlockFi Interest Account and any trading activity you performed throughout the year.
For US clients using the BlockFi Interest Account, if you’ve earned $600 or more this year in interest and bonuses, you will receive a 1099-MISC form to report interest earned. This report will be made available for download by January 31, 2021.
For US clients who have traded during the year, you will receive a 1099-B form used to report activity. This report will be made available for download by February 15, 2021.
For international clients, please look to your transaction history report for any details needed to file taxes.
Disclaimer: BlockFi does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide--and should not be relied on for--tax, legal, or accounting advice. You should always consult your own tax, legal, and accounting advisors before engaging in any transaction.