Gemini will issue electronic recipient statements for Forms 1099-MISC in late January of the year after income is accrued. The statements will be downloadable from the Account Balances and History page on the Gemini web site. This amount will be reported in Box 3: Other Income if the total income for the calendar year is $600 or more. We will calculate the amount by totaling each day’s earnings according to the USD price of the asset on that day.
This content is for general informational purposes only and is not tax advice. You should consult a qualified, licensed advisor to understand the risks and reporting obligations before engaging in any transaction.