Do Crypto Exchanges Send 1099-DA Forms? Coinbase, Kraken, Gemini & Binance Explained

Yes. If you sold, traded, or spent crypto on Coinbase, Kraken, Gemini, or Binance.US, there is a high chance your exchange will send you a 1099-DA form or make it available in your tax center. If the numbers look off, that is common.

This table compares the primary exchange notices for 2025 activity statements delivered in 2026.

Two practical notes:

• First, brokers had to furnish Form 1099-DA statements by February 17, 2026 for 2025 transactions.

• Second, exchange-specific help pages can still show later platform dates or delays, so your actual availability may follow the exchange notice, not the general IRS deadline.

Where to download your 1099 forms

• Coinbase: Coinbase Taxes → Documents

• Kraken: Profile icon → Tax Center on web

• Gemini: Settings → Statements & Taxes → Taxes

• Binance.US: Export Reports → Tax Reports

The 1099-DA is the digital asset broker statement that reports proceeds, and in some cases basis, from reportable digital asset dispositions to you and the IRS. For the full breakdown, see our guide to 1099 forms.

A typical 2025 form can include:

• Your name, address, and taxpayer ID

• Your account number

• The digital asset sold

• The number of units sold

• The sale or disposition date

• Gross proceeds

• Cost basis, if reported

• Acquisition date, if reported

• Whether the asset is short-term or long-term, if reported

This table shows the main difference between 1099-DA and 1099-MISC.

The big issue is your cost basis. You still have to calculate basis before you file. For 2025 transactions, brokers generally report proceeds, but many do not report basis. Coinbase says 2025 1099-DAs include proceeds only.

Kraken says 2025 1099-DAs begin with reporting sales and dispositions, and basis reporting starts in 2026 for qualifying positions. Gemini says 2025 activity is reported with proceeds only and that cost basis is not reported to the IRS for that year.

That is why a 1099-DA can show higher gains than expected. It may be showing gross proceeds, not your true capital gain.

This table shows which fields deserve the most trust on a 2025 1099-DA.

If section 1g is blank, unknown, or marked non-covered, your 1099-DA is usually reporting proceeds, not your actual capital gain or loss.

If your gains look too high, the next place to look is your cost basis, not the proceeds field. And if you moved coins between platforms first, start with our guide to transferring crypto. Those two issues explain most 2025 mismatches.

Do you need to amend your 1099-DA?

No. You usually do not need to amend your 1099-DA just because cost basis is missing or your gains look inflated.

You use the form and your other records to report income on your return, and you must calculate basis before you file. For 2025 activity, Coinbase, Kraken, and Gemini all say basis reporting is not the normal starting point for these forms. That is why the fix is usually not “amend the form.” The fix is to file Form 8949 with your accurate numbers.

• Missing basis usually does not mean you need a corrected 1099-DA

• Major proceeds errors do justify asking the exchange for a corrected form

• Your tax return should use accurate numbers, even if the broker form is incomplete

This matters more starting with 2026 activity filed in 2027. Coinbase, Kraken, and Gemini all say that basis reporting for qualifying positions acquired on or after January 1, 2026, starts in 2026.

In practice, that means the simplest covered case is a digital asset bought on the same exchange on or after January 1, 2026 and kept there until sold. Assets bought before then or transferred in from elsewhere are the clearest non-covered cases.

This table shows the practical split for covered and non-covered crypto assets.

For 2025, the practical takeaway is simple: think of almost everything as non-covered for basis reporting. That is why basis reconstruction is the real job this year. If you need the downstream filing form, it is Form 8949.