Breeze does not issue Form 1099.
Withdrawals processed through Breeze from merchant platforms involve selling USDC (USD Coin) to USD at a 1:1 ratio. This transaction does not generate taxable income, as there are no capital gains, so no taxes are required for this activity in the current tax year.
For withdrawals that include winnings or other potentially taxable income, the merchant platform is responsible for issuing any applicable Form 1099. Recipients should receive the form directly from the platform if required and are responsible for reporting such income to the IRS.
For specific guidance regarding your tax obligations, please consult a qualified tax professional.
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