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Ex-Ripple Director: Big XRP News Coming Within A Few Days #xrp #xrpnews #xrparmy #xrpForm MISC is designed to report 'miscellaneous' income to taxpayers and the IRS. This form is typically used by cryptocurrency exchanges to report interest. Crypto exchanges may issue Form MISC when customers earn at least $ of income through their platform during the tax year. Typically you'. Some cryptocurrency exchanges issue Form MISC when customers earn at least $ of cryptocurrency income through the platform during the tax year. You.