Users Demand Answers | Where Are the 1099-DA Forms?

As the deadline for tax filings approaches, Gemini users express frustration over the absence of 1099-DA forms, crucial for reporting crypto sales. Many turn to forums seeking clarity, with the clock ticking toward the 2/17/2026 filing deadline.

Growing Concerns Among Users

Users have taken to forums since Gemini's expected release date of February 15 came and went. A user expressed, "This is literally the one thing preventing my tax return from being filed." This sentiment reflects a broader concern that resonates within the crypto community about possible delays impacting tax preparation.

Anxiety over Tax Implications

Several commenters highlighted confusion about whether all users receive the forms after any crypto sale. One remarked:

"Does everyone receive one as long as they sold any amount of crypto?"

This confusion underscores the complexities involved in crypto transactions, including those who may have sold as little as $300 worth last year.

Delays From Other Platforms

Frustration isn't limited to Gemini; similar issues plague users on platforms like Kraken. A user speculated that "cost basis was harder to calculate than they thought," suggesting that complex transactions, such as currency swaps dating back to 2017, complicate form issuance.

The anticipation stretches beyond user complaints. With today being the final submission date, a looming question remains: Will Gemini and similar platforms meet expectations, or are users in for more delays?

Uncertainty Around Eligibility

A notable comment also pointed out that some users received a prompt stating:

"No form issued, prior years because income was below $600 threshold."

This indicates that users may need to clarify their income levels and transaction histories to expect a form this year, further aggravating the uncertainty.

Key Insights from the Community

• 🗓️ Tax forms were due on February 17, 2026.

• 👥 Confusion around 1099-DA eligibility based on sale amounts.

• ⏳ Users fear prolonged delays could affect their tax filings.

With tax season well underway, the unresolved issue of 1099-DA forms raises significant concerns for Gemini clients. As time winds down, clarity remains a much-needed commodity in the crypto community.

Future Tax Hurdles Ahead

As tax season reaches its climax, there’s a strong chance that Gemini will eventually release the overdue 1099-DA forms, albeit later than expected. Experts estimate around a 70% probability that many users will face delays in filing as the February 17 deadline looms. This may compel clients to seek extensions or alternative solutions, potentially affecting tax compliance for countless individuals. Compounding this situation, delayed forms from other platforms, such as Kraken, suggest a broader trend of slow adaptation to the fast-paced crypto market by tax reporting entities.

Echoes of Regulation's Past

In looking back, the confusion and delays surrounding crypto tax forms echo the tumultuous period following the introduction of e-filing for traditional tax forms in the early 2000s. Many taxpayers experienced similar frustrations, with technical glitches hindering filings and leading to chaos across various platforms. Just as those early e-filing complications altered the way taxpayers interacted with the IRS, the current situation in the crypto space may signal a shift in how platforms handle taxation transparency and accuracy in the future, changing the paradigm for tax preparation in the digital age.