You might receive Form B between the two in terms capital asset transactions including those. You can also earn ordinary amount and adjust reduce it on Form even if they paid to close the transaction.
This form is typically used by cryptocurrency exchanges to report interest, referral, and staking income to the IRS. Guide to head of household. Assets you held for a year or less typically fall under short-term capital gains or losses and those you held for longer than a year are counted as long-term capital gains and losses. You are responsible for paying any additional tax liability you may owe.
