The type of transaction entered into during the year will determine the form that Uphold will provide you. Keep in mind that you may receive multiple forms needed to complete your income tax return filings.
Form 1099-MISC will be provided to report the ordinary income realized from staking rewards, referral and affiliate bonuses and airdrops if the aggregate amount of these items is $600 or more.
Form 1099-B will be provided to report sale and exchange transactions that resulted in capital gains or losses. The gross proceeds and tax basis of each transaction that occurred during the year will also be included.