Taxpayers Frustrated Over Missing 1099-DA | Deadline Questions Emerge
Edited By
David Lee
As tax season kicks into high gear, many people are left frustrated as reports of missing 1099-DA forms from Kraken flood user boards. With only days to go until filing deadlines, the lack of communication from the exchange has prompted growing concerns and complaints.
Users Express Their Frustrations
Several individuals have taken to forums, questioning Kraken's commitment to timely tax documentation. A user shared, "Yep, still waiting on mine too… Under the documents section in my account it says they’re working on it."
Many are experiencing similar delays. A commenter recounted how their attempts to get answers from support were met with generic responses. "I tried to ask support this morning, they refused to send me anything other than an FAQ article about what a 1099-DA is," they wrote, underscoring the growing tension as tax deadlines approach.
Widespread Complaints to the IRS
Users are demanding action. One user stated, "Just submitted a complaint to the IRS," reflecting the seriousness of the matter. As others voice their dissatisfaction over the delayed forms, trust in the platform appears to be waning. Some have even declared they might stop using Kraken altogether if these issues persist.
"I have not received mine either. This is the last year that I use Kraken," voiced a frustrated account holder, highlighting a potential shift in user loyalty amid ongoing problems.
User Comments Reveal Mixed Reactions
The sentiment across the board remains largely negative, with several people waiting for their final documents. Many expressed confusion and frustration at Kraken’s handling of the 1099-DA forms. "I can’t even file my taxes because Kraken is so slow," complained another individual.
Interestingly, Kraken did release an update stating, "We’re finalizing 2025 Form 1099-DA for eligible clients and will deliver them as soon as possible. We appreciate your patience." However, this has done little to calm discontent among users.
Key Highlights
⚠️ Frustration is palpable as Kraken users await 1099-DA forms.
💬 Many have contacted IRS over missing documents.
🗣️ "This sets a dangerous precedent" - a top-voted comment indicates rising concern.
🔄 Possible shift in user loyalty as frustration mounts over delays.
As tax deadlines approach, will Kraken manage to resolve this issue in time? Only time will tell.
Possible Outcomes Ahead for Kraken Users
There’s a strong chance that Kraken will prioritize resolving the 1099-DA issue as the filing deadline approaches, especially given the growing scrutiny from the public and possible IRS involvement. Experts estimate around 70% likelihood that the exchange will expedite the delivery of missing forms to retain customer trust. If they fail to act swiftly, user attrition could increase significantly, with many people indicating they may leave the platform if their issues aren't addressed. Additionally, Kraken might implement better communication channels to regain credibility within the crypto community, as transparency is vital during such high-pressure periods.
A Lesson from the Great Diner Scandal of 1978
Consider the Great Diner Scandal of 1978, where a popular eatery faced backlash after missing food orders during the holiday season. Just as those diners lost trust in a once-reliable establishment, so too may Kraken's customers if their frustrations continue. Many returned to their homes more eager for quick service than a great menu, mirroring crypto enthusiasts seeking reliability from exchanges. The fallout resulted in stricter regulations and oversight in dining establishments. A similar reshaping of practices could materialize in the crypto market if Kraken's situation leads to broader industry discussions on transparency and reliability.