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IRS Form 1099-B is a tax form used to report the proceeds from the sale or exchange of certain financial instruments, including stocks, bonds, and other securities. The form is issued by brokers and barter exchanges to report the gross proceeds from these transactions to the IRS and taxpayers. It's crucial for taxpayers to accurately report their income from these transactions to comply with tax laws.

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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