What is a 1099 Form?
A 1099 tax form is used to document non-work-related payments you receive from a business. (E.g, prizes or bonuses.)
Does Current send out 1099 Forms?
You will receive a 1099-MISC form from us if you earned $600 or more in bonuses or prizes from Current in 2025. If this applies, we’ll mail a physical 1099-MISC form to the address we have on file. All forms will be sent no later than February 2, 2026.
Do I have to request a 1099 form?
No, you don’t need to request one. We’ll send it if you’re eligible—just make sure your home address on file is up to date.
There's an error on my 1099-MISC form, what should I do?
If you received a 1099-MISC form from Current and notice an error, please contact our Support team.
I bought and sold crypto in 2025 - will I get a tax form?
If you bought or sold crypto in 2025, you'll get a 1099-DA form. You can find it in the app by going to Crypto > Crypto Tax Statements.
*Please note that earnings from your Savings Pod(s) do not qualify as "interest" as defined by the IRS. Instead, they are classified as bonuses and prizes.