Missing 1099-DAs | Users Face Deadline Pressure Amid Delays

A growing number of users are expressing frustration over the delayed issuance of 1099-DA forms from crypto exchanges and brokers. With a crucial filing deadline approaching on February 17, 2026, many are concerned these delays could impact their tax preparations for 2025 transactions.

The Impact of Delays on Users

Many people are struggling to finalize their tax filings as they await important documents. One user noted, "I have a deadline before the end of February due to my CPA being booked. This is the only file I’m missing, and quite frankly, it might cause me to close my Kraken account after this."

Those operating as S-Corporations are facing even tighter schedules. "As an S-Corp, I need to file in March and have a lot of reconciliation to get done," one commenter asserted.

Timeline and Requirements

Crypto exchanges and brokers are required to provide 1099-DA forms for 2025 transactions by February 15, 2026. Since this date falls on a weekend, recipients should expect these forms by February 17, 2026, or shortly thereafter.

Key Reporting Details:

• What is reported? Gross proceeds from digital asset transactions for 2025.

• Cost Basis? Not mandatory for reporting, meaning taxpayers must calculate their own gains or losses.

• Could you be affected? Those using decentralized exchanges may not receive a 1099-DA at all.

User Sentiment and Tensions Rise

The current sentiment appears overwhelmingly negative as many users face delays that could complicate their tax returns. "This is holding up so many tax returns, and customer support just gives vague answers on when they will actually release," commented another frustrated user.

"When are they dropping the real? This is getting annoying. I might just switch after this tax year because of this," expressed one user as tensions rise.

Key Insights

• 🚨 Many users currently lack their 1099-DA forum; deadline is looming.

• 📅 Notifications likely to be late—expected by February 17, 2026.

• ⚠️ Tensions are high; several users consider switching platforms due to frustrations.

With tax season already underway, clarity and communication from crypto platforms are urgently needed. Will these delays force users to rethink their choice of exchanges? Only time will tell as the situation unfolds.

Possible Outcomes and User Reactions

There’s a strong likelihood that the delays in issuing 1099-DA forms will prompt many people to reconsider which crypto exchanges they choose to work with. As uncertainty looms over the tax season, experts estimate that around 30% could switch platforms by the end of the year if these frustrations aren’t addressed quickly. If the delays continue, exchanges might face increased customer churn, particularly among those with upcoming tax obligations. Moreover, platforms could respond by enhancing their communications and support to avoid losing additional users, especially as the pressure from tax deadlines intensifies.

Reflections on Historical Events

This situation draws an interesting parallel to the 2013 healthcare rollout, where millions were unable to access critical information needed for insurance enrollment due to technological glitches. Like today’s crypto firms, those in the healthcare sector faced furious public backlash as individuals relied on these forms for essential needs. In both cases, the stakes have massive implications for individuals' financial well-being. This historical moment reminds us how critical consistent communication and reliable service are during pivotal times, whether in crypto or healthcare.