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Policy
Kraken Submits 56 Million Crypto Tax Forms for 2025, Citing Excessive Reporting Burden
Kraken, a cryptocurrency exchange, has filed 56 million crypto-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, and over half were for $10 or less. The lack of a de minimis exemption for crypto payments and staking rewards has created a substantial reporting burden. Onl…
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, crypto exchange Kraken filed approximately 56 million crypto transaction forms with the U.S. Internal Revenue Service. Of these, around 18.5 million were for transactions valued at less than $1, while over half were for $10 or less. The newly introduced Form 1099-DA revealed that only 8.5% of these transactions exceeded $600, which is the threshold for reporting non-employee…
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Cryptocurrency Tax Forms for 2025, Highlighting Reporting Burden
For the 2025 tax year, cryptocurrency exchange Kraken filed 56 million forms with the U.S. Internal Revenue Service (IRS) related to cryptocurrency transactions. Approximately 18.5 million of these forms pertained to transactions valued at less than $1, with over half of them being for $10 or less. Notably, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold that triggers …
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Crypto Tax Forms for 2025, with Many Below $1 Threshold
Kraken, a leading cryptocurrency exchange, has filed approximately 56 million crypto transaction forms with the US Internal Revenue Service (IRS) for the 2025 tax year, with around 18.5 million of these forms covering transactions valued at less than $1. Over half of the transactions were valued at $10 or less. According to Kraken, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600…
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlights 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. 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 non…
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Crypto Tax Forms for 2025, Highlighting Reporting Burden
Kraken, a cryptocurrency exchange, has filed 56 million crypto-transaction forms with the 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. The company notes that only 8.5% of the new Form 1099-DAs exceeded the $600 threshold, and 74% were for less than $50. Each f…
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Crypto Tax Forms for 2025, with Many Valued Below $1
U.S.-based cryptocurrency exchange Kraken has reported filing 56 million forms for crypto transactions with the Internal Revenue Service (IRS) for the 2025 tax year. Approximately 18.5 million of these forms were for transactions valued at less than $1, and over half were for $10 or less. The newly introduced Form 1099-DA, which is used for reporting cryptocurrency transactions, has created a sub…
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 Cryptocurrency Tax Forms for 2025, with Many Under $1
Kraken, a cryptocurrency exchange, has filed 56 million forms for cryptocurrency transactions with the US Internal Revenue Service for the 2025 tax year. Approximately 18.5 million of these forms were for 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 reporting for non-e…
April 22, 2026, 12:45 p.m.
Policy
Kraken Submits 56 Million Cryptocurrency Tax Forms for 2025, Highlighting Reporting Burden
Kraken, a cryptocurrency exchange, has filed 56 million forms with the US Internal Revenue Service 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, this creates a substantial reporting burden, with each form requiring reconciliation by the taxpaye…
April 22, 2026, 12:45 p.m.