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Policy

Kraken Submits 56 Million Cryptocurrency Tax Forms for 2025, Highlighting Reporting Burden

Kraken, a cryptocurrency exchange, has filed 56 million cryptocurrency transaction forms with the U.S. Internal Revenue Service (IRS) for the 2025 tax year. Approximately 18.5 million of these forms pertained to transactions valued at less than $1, with over half being for $10 or less. The newly introduced Form 1099-DA, which only 8.5% exceeded the $600 threshold for non-employee compensation, sa…

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, with Many Below $1 Threshold

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlights Reporting Burden

Kraken, a cryptocurrency exchange, has filed 56 million forms for crypto transactions with the US Internal Revenue Service for the 2025 tax year. Approximately 18.5 million of these forms pertained to transactions valued at less than $1, with over half being for $10 or less. The newly introduced Form 1099-DA, which only 8.5% exceeded the $600 threshold for reporting non-employee compensation, saw…

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlighting Reporting Burden

In the 2025 tax year, cryptocurrency exchange Kraken filed 56 million forms with the U.S. Internal Revenue Service (IRS) related to crypto transactions. Approximately 18.5 million of these forms pertained to transactions valued at less than $1, with over half being for $10 or less. Notably, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, which triggers reporting for n…

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlighting Reporting Burden

According to a recent announcement by crypto exchange Kraken, the company filed approximately 56 million crypto-transaction forms with the U.S. Internal Revenue Service (IRS) for the 2025 tax year. Notably, around 18.5 million of these forms pertained to transactions valued at less than $1, with over half being worth $10 or less. The newly introduced Form 1099-DA revealed that only 8.5% of the …

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, with Many Under $1

Kraken, a cryptocurrency exchange, has filed 56 million forms with the US Internal Revenue Service (IRS) for the 2025 tax year, covering various crypto transactions. Approximately 18.5 million of these forms pertained to transactions valued at less than $1, and over half were for $10 or less. The company noted that only 8.5% of the new Form 1099-DAs exceeded the $600 threshold, which triggers rep…

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlighting Reporting Burden

Kraken, a prominent crypto exchange, has filed 56 million crypto-transaction forms with the U.S. Internal Revenue Service (IRS) for the 2025 tax year, with approximately 18.5 million of these forms covering transactions valued at less than $1. Over half of the forms were for transactions worth $10 or less. According to Kraken, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 thre…

April 22, 2026, 12:45 p.m.

Policy

Kraken Processes 56 Million Cryptocurrency Tax Forms for 2025, with One-Third Valued Below $1

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Cryptocurrency Tax Forms for 2025, with One-Third Valued Under $1

April 22, 2026, 12:45 p.m.

Policy

Kraken Submits 56 Million Cryptocurrency Tax Forms for 2025, with One-Third Valued Below $1

April 22, 2026, 12:45 p.m.