It does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only. It is not intended to provide–and should not be relied on for–tax, legal,. or accounting Advice. BlockFi makes tax reporting easier for our US taxpayers. Earning income on crypto is considered a taxable event in the US. Only US taxpayers who have earned more than $600 of interest and bonuses in 2020 will have a 1099-MISC form. For international clients, please look to your transaction history and historical monthly interest statements for any details needed to file taxes. If you're using tax preparation software, it will typically ask you to enter any 1099 income you may have earned.