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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 U.S. 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 company notes that only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, which triggers reporting f…
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 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. Only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, which triggers reporting for non-employee c…
April 22, 2026, 12:45 p.m.
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
Kraken, a cryptocurrency exchange, has filed 56 million forms with the US Internal Revenue Service (IRS) for the 2025 tax year, with approximately 18.5 million of these forms covering transactions valued at less than $1 and over half for $10 or less. According to the company, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, and 74% were for less than $50. Each form is …
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 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. Notably, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, which triggers reporting f…
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 Crypto Tax Forms for 2025, Highlights Reporting Burden
Kraken, a cryptocurrency exchange, has filed 56 million crypto-transaction forms 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, while over half were for $10 or less. According to the company, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold that triggers reporting fo…
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 cryptocurrency transaction forms with the US 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. According to Kraken, only 8.5% of the newly introduced Form 1099-DAs exceeded the $600 threshold, which triggers r…
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 US 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 of them being for $10 or less. The newly introduced Form 1099-DA, which is used for reporting cryptocurrency transactions, saw only 8.5% of filin…
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.