Gemini provides tax documents and tools to help you prepare your U.S. tax return, but we don’t provide tax advice. Your tax outcome depends on your full activity (including wallets and platforms outside Gemini). Consider consulting a tax professional.
What you may receive from Gemini
1) Form 1099-DA (starting with 2025 activity, delivered by February 15, 2026)
If you’re a U.S. non-exempt customer and you sold, converted, or otherwise disposed of digital assets on Gemini, Gemini will issue Form 1099-DA.
- What Gemini reports to the IRS for 2025 activity: Proceeds only (sale amount).
- Cost basis is not reported to the IRS for 2025 activity.
- Cost basis reporting to the IRS begins in 2026 for certain covered assets (generally assets purchased on Gemini on or after January 1, 2026 and held on Gemini until sold).
2) Gain/Loss Statement (provided for your reference; not sent to the IRS)
If you made sales during the year and are a taxable entity that is not eligible for a Form 1099-DA (primarily C corporations), you will be able to download a Gain/Loss Statement to help you estimate gains and losses.
- This statement is informational and not filed with the IRS.
- Its accuracy depends on inputs like your selected cost-basis method and whether you’ve provided the cost basis + acquisition dates for transferred assets.
3) Form 1099-MISC (income reporting, delivered by January 31 each year when applicable)
If you’re a U.S. non-exempt customer and earned $600+ in eligible income (USD equivalent), Gemini may issue Form 1099-MISC, which can include items such as:
- Staking rewards
- Refer-a-friend rewards, bonuses, and promotions
- Rewards on stablecoin deposits
What Gemini does not do
- Gemini does not calculate or report your comprehensive crypto tax obligation across other exchanges, DeFi, or self-hosted wallets.
- For 2025 activity, Gemini does not report cost basis to the IRS on Form 1099-DA.
- Gemini does not prepare or issue Form 8949 for customers.
Two things you should do now (before February 1)
1) Certify your tax information.
Forms are issued using the Name, Taxpayer ID (TIN), and Address on your Gemini account.
- Need to update U.S. info? Submit Form W-9.
- Not a U.S. person? Submit Form W-8.
2) If you transferred crypto into Gemini, add the cost basis details.
If you transfer assets from another wallet or platform and later sell them on Gemini, Gemini may not be able to estimate gains/losses unless you provide:
- Acquisition cost (basis) and
- Acquisition date
To do this, go into Account > Settings > Statements and Taxes > Taxes.
Where to find your tax documents in the Gemini app
Go to: Settings > Statements & Taxes > Taxes
You can download Form 1099-DA (or Gain/Loss Statement), and Form 1099-MISC when available.
Need help reconciling activity across multiple wallets/exchanges?
If you use multiple exchanges or wallets, you may want a tax tool that consolidates everything in one place (for example, CoinTracker) so you can reconcile missing cost basis and generate a complete tax report.