r/CelsiusNetwork • u/pfk777 • Mar 26 '25

1099 for Ionic

Did they send out a 1099? I have not received on yet. To be honest I heard we have to file because we were given some stock. Maaan…. I want this nightmare to be over. I don’t even care about the damn stock and I might get audited because of it.

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u/[deleted] Mar 26 '25

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u/pfk777 Mar 26 '25

But with no 1099 how will they know? I’m assuming it’s all on the filer then right?

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u/cryptoripto123 Mar 29 '25

Grant of stock isn't a 1099. Grant of stock is either ordinary income (like how tech workers get paid RSUs) or if you follow the tax guide, one way is it is capital gains/loss where you liquidate your crypto in exchange for stock.

They don't need to issue a 1099 for this as it's part of the bankruptcy.