Download as pdf or txt
Download as pdf or txt
You are on page 1of 4

TAX YEAR FORM ACCOUNT NUMBER

2020 1099-B COMPOSITE 7f5a9f58-ba01-4782-bde7-84c7b9048e9a

RECIPIENT INFORMATION

James Patrick Kelley Uphold HQ Inc.


163 Avalon 6 West 18th St.
Flagler Beach, US-FL 32136 3rd Floor
New York, NY 10011

Taxpayer ID Number - XXXXX2546 Federal ID Number - 46-5371066

Box 5: Box Checked (Noncovered Security)

Section 1 - Short-Term Capital Gains and Losses - Assets Held One Year or Less (Box 2)
Description of Property (1a) Date Acquired (1b) Date Disposed (1c) Proceeds (1d) Cost Basis (1e)
531.490832 XRP * 06/21/2020 99.87 *
200.00 XRP 06/21/2020 07/25/2020 41.44 38.40
20.00 XRP 06/21/2020 07/27/2020 4.37 3.84
89.807525 XRP 06/21/2020 07/27/2020 20.24 17.24
10.00 XRP 06/21/2020 07/28/2020 2.25 1.92
34.495413 XRP 06/21/2020 08/09/2020 10.12 6.62
10.00 XRP 06/21/2020 08/10/2020 2.89 1.92
149.956883 XRP 06/21/2020 08/11/2020 44.67 28.79
1.42460954 XAG 08/11/2020 08/18/2020 41.76 44.67
0.73319926 XAG 07/27/2020 08/18/2020 21.49 20.24
1.61577247 XAG 07/25/2020 08/18/2020 47.36 41.44
0.01 UPXAU 08/18/2020 08/20/2020 19.50 21.54
172.265288 XRP * 08/20/2020 50.04 *
0.00071 UPXAU 08/18/2020 08/31/2020 1.39 1.53
0.04063 UPXAU 08/18/2020 09/15/2020 79.84 87.54
0.01133 UPXAU 08/20/2020 09/15/2020 22.27 22.64
0.01371 UPXAU 08/20/2020 09/15/2020 26.97 27.40
0.02035 UPXAU 09/12/2020 09/15/2020 40.04 40.49
405.874768 XRP 09/27/2020 09/27/2020 98.11 99.58
2.17418903 XAG 09/15/2020 09/28/2020 53.21 67.01
203.939332 XRP 09/28/2020 09/28/2020 49.96 53.21
46.060668 XRP 09/27/2020 09/28/2020 11.28 11.32
111.424075 XRP 09/27/2020 09/28/2020 27.30 27.38
1.00 XAG 09/28/2020 10/02/2020 25.14 26.52
1.25021987 XAG 09/28/2020 10/02/2020 31.33 33.15
1.036519 XAG 09/28/2020 10/02/2020 25.98 27.30
0.01 UPXAU 10/02/2020 10/03/2020 19.01 20.48
0.01799 UPXAU 10/02/2020 10/03/2020 34.19 36.83
236.344449 XRP 09/27/2020 10/22/2020 60.56 58.09
142.550151 XRP 10/03/2020 10/22/2020 36.53 34.19
TAX YEAR FORM ACCOUNT NUMBER
2020 1099-B COMPOSITE 7f5a9f58-ba01-4782-bde7-84c7b9048e9a

Section 1 - Short-Term Capital Gains and Losses - Assets Held One Year or Less (Box 2)
Description of Property (1a) Date Acquired (1b) Date Disposed (1c) Proceeds (1d) Cost Basis (1e)
79.390845 XRP 10/03/2020 10/22/2020 20.34 19.01
0.91727724 XAG 10/07/2020 10/22/2020 23.55 23.51
0.00171396 BTC 10/22/2020 10/31/2020 23.13 23.55
0.00901115 BTC 10/22/2020 10/31/2020 121.63 117.43
5.48863096 XAG 10/31/2020 11/04/2020 135.30 144.76
527.319734 XRP 11/04/2020 11/06/2020 131.54 135.30
0.0081152 BTC 11/06/2020 11/06/2020 125.69 131.54
479.387729 XRP 11/06/2020 11/06/2020 121.77 125.69
Totals $1,752.06 $1,622.07

* - Asset was transferred onto exchange. Cost basis obtainment originated off exchange.
TAX YEAR FORM ACCOUNT NUMBER
2020 1099-B COMPOSITE 7f5a9f58-ba01-4782-bde7-84c7b9048e9a

Section 2 - Long-Term Capital Gains and Losses - Assets Held Longer than One Year (Box 2)
Description of Property (1a) Date Acquired (1b) Date Disposed (1c) Proceeds (1d) Cost Basis (1e)
Totals $0.00 $0.00

* - Asset was transferred onto exchange. Cost basis obtainment originated off exchange.
TAX YEAR FORM ACCOUNT NUMBER
2020 1099-B COMPOSITE 7f5a9f58-ba01-4782-bde7-84c7b9048e9a

1099-B Instructions for Recipient


Form 1099-B reports proceeds from (and in some cases, basis for) the disposition of capital asset transactions.
This form is delivered to both you and the IRS.

Recipient's taxpayer identification number (TIN)

Account Number: May show an account or other unique number the payer assigned to distinguish your account.

Box 1a: Shows a brief description of the asset and quantity for which amounts are being reported. This asset and
quantityrepresent what was being disposed of (sent).
Box 1b: Shows the date that the asset being disposed of was acquired. This box may be blank if box 5 is checked.
If box 1b is blank, box 1e (see below) will also be blank, representing the fact that cost basis and the associated
cost basis acquisition date are unknown. An unknown asset acquisition date and cost basis results from assets
being transferred on and off the platform.
Box 1c: Shows the disposal date of the sale or exchange of a capital asset.
Box 1d: Shows the USD proceeds, reduced by any commissions or transfer taxes related to the disposition.
Box 1e: Shows the cost basis of the asset being disposed of. This box may be blank if box 5 is checked. If box 1e
is blank, box 1b (see above) will also be blank, representing the fact that cost basis and the associated cost basis
acquisition date are unknown. An unknown asset acquisition date and cost basis results from assets being
transferred on and off the platform.
Box 2: The short-term and long-term boxes pertain to short-term gain or loss and long-term gain or loss.
Box 5: If checked, the property being disposed of were noncovered securities and boxes 1b and 1e may be blank.

For additional information relating to Form 1099-B and its instructions, go to www.irs.gov/Form1099B

Instructions for Completing IRS 8949


As a US citizen or resident that transacted virtual currency ("cryptocurrency"), it is your responsibility to furnish an
IRS Form 8949 and include the form with your tax return. Each transaction reported on Form 1099-B is to be
reported by you on Form 8949. Instructions on how to report each transaction on Form 8949 are as follows:

Transactions with Cost Basis


If Box 1b, Date Acquired and Box 1e, Cost Basis, are populated for a given transaction, then you should directly
transpose the information for each transaction onto IRS Form 8949 with Box "A" checked for short-term
transactions and Box "D" checked for long-term transactions.

Transactions with Missing Cost Basis


If Box 1b, Date Acquired, and Box 1e, Cost Basis, are missing for a given transaction, then you should transpose
the available information for each transaction onto IRS Form 8949 with Box "B" for short-term transactions and Box
"E" for long-term transactions. It is your responsibility to fill in your asset acquisition dates and cost basis
information on Form 8949 for such transactions.

Taxpayers may fill in any missing cost basis information themselves or with the help of an accountant. Uphold has
partnered with cryptocurrency tax software and accounting firm TaxBit in order to automatically aggregate a user's
transactions across platforms, accurately fill in cost basis information, and produce their completed IRS Form
8949's in a variety of formats compatible with popular tax filing software. Uphold users can receive a 10% discount,
start a free TaxBit trial account, and complete their cryptocurrency tax filings here: www.taxbit.com/invite/uphold.

You might also like