Gemini 1099-DA Issuance Delay Sparks User Outrage | Tax Season Tensions Escalate
A crowd of frustrated users is voicing their concerns over the delay in receiving the 1099-DA tax form from Gemini. With taxes due, many are uncertain about filing without this crucial document, intensifying anxiety as the deadline approaches.
Users Left Hanging
As tax season rolls in, people who traded on Gemini feel let down, still waiting for the 1099-DA forms. One person noted, "I don't want any issues so I'm patiently waiting," reflecting common sentiments among users. Unless users receive their forms, many remain hesitant to file using TurboTax or other platforms.
Interestingly, Gemini has filed a 30-day extension to issue the 1099-DA recipient statements for certain accounts. They claim they will work to complete outstanding statements within the next 10 business days. This revelation comes as other platforms, like Robinhood, released their forms as early as February 12.
Support Requests Soaring
Inquiries sent to Gemini have surged as users express their frustration over the lack of communication. "I opened an inquiry a few days ago and couldn't get a response. They’re busy, but at least update the website," shared one discontented user. Many are feeling on edge about filing their taxes as the IRS deadline nears.
Heightened Frustration and Comparisons
The dominant sentiment remains one of frustration. While some exchanges are delayed until mid-March, reports suggest people are receiving their 1099-DAs earlier than anticipated, raising more questions about Gemini's response times. Users are comparing their experiences, especially as Coinbase has already released its forms, amplifying dissatisfaction towards Gemini's lack of updates.
"The waiting game is really annoying," one user summarized.
Key Points of Concern
🔹 Users are asking for timely updates, feeling uncertain about their filing process.
🔹 One individual exclaimed, "Gemini really needs to get their act together."
🔹 Fresh frustrations arise as users compare Gemini's silence with other exchanges that have delivered their forms.
As tensions continue to grow, many hope for answers soon.
Future Outlook for Gemini Users
With increasing user pressure, Gemini faces a choice to expedite the issuance of forms. As the IRS filing deadline looms, many in the crypto community are eager for a resolution. Delays could lead some users to consider alternative platforms, signaling a potential shift in user loyalty.
Pressing Questions in a Crunch
In this crunch time, users are starting to wonder: how much longer can they wait before seeking other options?
A Time of Limited Choices
This situation brings back memories of the chaotic travel delays seen in 2018 when many faced uncertainty regarding cancellations. Just like wary travelers had to weigh their options, Gemini users are reconsidering their choices, ready to adapt as frustrations mount.
Key Takeaways
✦ 30-day extension filed: Users told to expect forms in about 10 days.
✦ Comparative frustrations: Other exchanges like Robinhood and Coinbase are ahead in delivering tax forms.
✦ User pressure building: Many users may switch to other platforms if frustrations continue.