Crypto taxes are hard - How do I get more information? – Gemini

Gemini x CoinTracker

Gemini has partnered with CoinTracker to help our customers with crypto tax support

CoinTracker - a preferred crypto tax partner.

Finish your crypto taxes, fix missing cost basis, and complete your Form 1099-DA — even across multiple exchanges and wallets.

The Gemini × CoinTracker partnership is rooted in education and support to help customers get complete, accurate and informed crypto tax data before filing.

How this impacts Gemini users

Starting with the 2026 tax season (for 2025 activity), anyone who sold, exchanged, or redeemed digital assets will receive Form 1099-DA.This brings crypto reporting closer to traditional Form 1099-B rules and significantly increases IRS visibility into digital asset activity. It includes:

The asset sold
The date of the transaction
Proceeds
Customer identifying information

The big challenge: missing cost basis

In its first year, Form 1099-DA will not include a cost basis and that’s expected. As a result, many taxpayers will receive forms that look incomplete. Cost basis goes missing when customers:

Move crypto between wallets or platforms
Buy in one place but sell in another
Use multiple exchanges, wallets, or dapps
Hold older, noncovered assets

What is a Form 1099-DA, and will I get one?

A Form 1099-DA is a new tax form that shows how much you sold your crypto for during the year. If you traded digital assets on Gemini or another U.S. custodial exchange in 2025, you should expect to receive one from each broker.

Each exchange should send you its own form. Brokers must send Form 1099-DA to customers by February 15, 2026.

For the 2025 tax year, the form will not include your cost basis (what you originally paid for the asset). You’ll need that information to figure out your gains or losses. A tool like CoinTracker can track this automatically across all your wallets and exchanges.

Will the Form 1099-DA affect my previous tax returns?

No—new regulations only apply going forward. You won’t need to amend or change prior years' returns because of the Form 1099-DA.

Should I file without my Form 1099-DA?

If you sold or exchanged digital assets on Gemini (or any U.S. custodial exchange), you will likely receive a Form 1099-DA.
If you're unsure whether you’ll get one, you can contact Gemini or any other exchange you used.
Forms are typically delivered by February 15 (the IRS deadline for brokers).
You will only receive a Form 1099-DA from U.S. custodial exchanges that issue them (for example: Gemini, Coinbase, PayPal, Robinhood).
Even if you don’t receive a form from every place you used, you’re still responsible for reporting all of your crypto activity — including DeFi and self-hosted wallets.
A tool like CoinTracker can combine activity across all your exchanges and wallets into one complete tax report.
More info: https://www.cointracker.io/blog/whats-a-1099-da

My Form 1099-DA looks wrong — what should I do?

If something doesn’t look right, start by contacting the exchange that issued the form.

Missing cost basis:
Cost basis isn’t included for 2025. You can calculate it yourself or use CoinTracker to do it automatically.
Incorrect sale amounts:
This is rare. If you believe the sale amounts are wrong, reach out to the issuing exchange so they can review it.

Even if cost basis isn’t reported, you can still report your own cost basis when you file your taxes.

What should I do once I have my Form 1099-DA?

You’ll use the information on the form when you file your taxes.
If you use CoinTracker, you can connect your Gemini account (and any other exchanges or wallets) to pull everything into one place and generate a complete tax report.