The form US exchanges issue for $600 or more of crypto income such as staking rewards, earn program yield, and referral bonuses.
The 1099-MISC covers income, not sales; the 1099-DA covers sales, not income. An active investor may receive both from the same exchange. The MISC amount is the exchange's valuation of your rewards, which should match your own records within rounding; large differences usually mean a valuation-timing gap.
Yes. The rewards are income at receipt. Selling the coins later is a separate event.
Source: Form 1099-MISC instructions
Last reviewed September 18, 2026. Tax rules change; confirm current law before acting.
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