Crypto.com and Kraken Tax Documents: Where to Find Them and What They Show

Crypto.com and Kraken both send US customers Form 1099-DA for crypto sales and Form 1099-MISC for rewards of $600 or more for the 2025 tax year, and Crypto.com adds Form 1099-B if you traded futures or options contracts. Crypto.com emails its forms with a download link; Kraken puts a combined 1099 in its Tax Center. Neither reported cost basis to the IRS for 2025, so the forms show what you sold for, not your gain, and you supply the basis from your own records. This page compares the two, says where each form lives and what to do with them, based on the exchanges' help pages and IRS guidance read on 9 and 10 October 2026. It is general information for US filers, not tax advice.

Short answer

Both exchanges report your 2025 crypto sales to the IRS, but as proceeds only. Kraken says plainly that the IRS received gross proceeds and that the cost basis and gains on your copy, calculated first in, first out (FIFO), were "informational only." Crypto.com says it chose not to report cost basis "during this transitional period to avoid any unintended error." In both cases your return, not the form, decides your gain, and IRS rules let you use your own records and lot method within the per-wallet rules.

Kraken's guide gives a simple illustration of why that matters: buy 1 ETH for $1,500, sell it for $2,000, and the 1099-DA shows $2,000 of gross proceeds, while your taxable gain is only $500.

The quickest route to an accurate return is to download the forms and your full transaction history from each platform, add any other wallets and exchanges you used, and reconcile them, either with tax software or by hand on Form 8949.

Crypto.com: forms, App vs Exchange, how to download

Crypto.com's help article "1099 Form for the 2025 Tax Year," dated 19 February 2026, covers the Crypto.com App and lists three forms a US person may receive:

• Form 1099-MISC if you earned $600 or more in rewards during the year, from Lock-Ups, Earn, Referrals or certain other activities.
• Form 1099-B if you traded contracts. Crypto.com describes the property as "Regulated Futures/Options," with boxes for realised profit or loss, unrealised profit or loss on open contracts at the start and end of the year, and the aggregate.
• Form 1099-DA if you made reportable digital-asset dispositions. Box 1f shows proceeds as the dollar value disposed of "minus the fees," and cost basis is left out for 2025.

How to get them. Crypto.com sends an email from [email protected] to your latest address on file, with a link to download your forms. If nothing arrives, check the spam folder. For a paper copy, a form you think is wrong, or one you expected and did not receive, the article says to contact Crypto.com through In-App Chat. Your transaction history can be downloaded from the app.

App versus Exchange. Crypto.com runs more than one product, and the 1099 article sits in the App section. Crypto.com's own tax page links to separate guides for exporting transaction history from the Crypto.com App and from the Crypto.com Exchange, so export each one you used. Crypto.com does not say on that page whether Exchange activity appears on the App's forms, so do not assume one form covers both.

One more change: Crypto.com's own free tax calculator, Crypto.com Tax, says it was deprecated on 24 June 2024, and that reports made with it are no longer applicable. The page now points users to outside tax services instead.

Kraken: the combined 1099-DA and your CSV ledgers

Kraken's guide "How to Read Your 2025 Combined Form 1099," last updated 7 October 2026, explains a single statement that combines Form 1099-DA and Form 1099-MISC.

Who gets a 1099-DA. Kraken says you receive one if you sold crypto on Kraken, Kraken Pro or Krak, or sent crypto to another person through Krak, during 2025. Selling includes swapping one crypto for another, stablecoins included. There is "no minimum threshold": even a $1 sale is reportable. Transfers between your own wallets are not treated as sales, and if you only bought and held, no 1099-DA applies. To receive the 2025 form you had to be a US tax resident client of Kraken's US broker with a US or US-territory address on 31 December 2025; accounts with Kraken's non-US entities may instead be reported under the OECD's Crypto-Asset Reporting Framework.

Who gets a 1099-MISC. Customers with $600 or more of 2025 rewards, including staking rewards, airdrops, deposit rewards and referral rewards. Below $600 Kraken did not report the income to the IRS, but it still appears in your statement, and it is still taxable.

What the IRS saw. Kraken says the IRS received gross proceeds only. The cost basis and gains on your copy were calculated FIFO purely for your information, and you may use a different lot method on your own return. Transactions may be labelled covered or noncovered, and totals can be grouped as short-term, long-term or "unknown holding period." Times on the form are in UTC, which can shift a late-evening US trade into the next day.

Where to find it. The statement appears in Kraken's Tax Center, which Kraken runs in partnership with CoinTracker as an optional tool for applying other lot methods and finding missing basis. Kraken notes that using the Tax Center "does not change what was reported to the IRS." Kraken's guide also carries a notice that some 2025 forms were delayed by technical problems and were still being generated, so check the Tax Center again if yours is missing.

Your raw data. For reconciliation, export your Kraken ledger history as a CSV. Kraken's field guide (updated 6 October 2026) explains that each ledger entry records a change to one asset's balance, with types such as "trade" and "earn," so a single swap shows up as at least two rows, one per asset.

Crypto.com vs Kraken vs Coinbase: forms and data side by side

Coinbase is included for comparison because many people use it alongside one of these two. All three follow the same IRS rules, but they deliver and present the 2025 forms differently, starting with where you find them.

What neither form includes

The forms are records of what happened on each platform, and only part of that in 2025. Expect to add these yourself:

• Cost basis. Neither exchange sent basis to the IRS for 2025. For coins transferred in from another wallet or exchange, the platform may not even know what you paid; Kraken says so directly.
• Activity elsewhere. Self-custody wallets, DeFi and other exchanges create taxable events that appear on no Crypto.com or Kraken form.
• Small rewards. Under $600 of 2025 rewards, no 1099-MISC went to the IRS, but the income is still taxable. Under IRS Revenue Ruling 2023-14, staking rewards are income at their fair market value when you gain control of them.
• The right box on Form 8949. The IRS's 2025 Form 8949 instructions put digital-asset sales with a 1099-DA but no basis in box H (short-term) or box K (long-term), and sales with no 1099-DA at all in box I or L. Your software or preparer needs to pick the right one.

From 2026 the picture changes. IRS rules require brokers to report basis for "covered" digital assets, those bought after 2025 in a custodial account and kept there until sale, and the 1099-MISC threshold rises to $2,000 for 2026 payments. Coins you bought before 2026 or moved in from elsewhere will still be noncovered, so missing basis will not disappear entirely. Our guide to Form 1099-DA and broker reporting covers the rules in more depth.

Importing into tax software

If you used either exchange for more than a few trades, software is usually the practical way to turn these forms and exports into a Form 8949 and Schedule D. The steps are the same for both:

1. Connect or upload each source. Use a read-only API key or the CSV exports: Crypto.com App and Crypto.com Exchange separately, and Kraken ledgers.
2. Add your other wallets and exchanges so transfers in and out can be matched rather than treated as sales.
3. Fix missing basis by matching transfers to their original purchases; anything left unmatched needs your records.
4. Compare totals with each 1099-DA. Your software's proceeds for each platform should be close to the form. Investigate big differences before filing.
5. Export Form 8949 and Schedule D, plus an income summary for rewards.

Crypto.com's tax page itself points users to Koinly and TokenTax since retiring its own calculator. Koinly says it supports 1099-DA and Form 8949 outputs and lets you import and preview before paying per tax year. CoinLedger offered one-time reports at $49, $99 and $199 and up (for 100, 1,000 and 3,000 or more transactions) when we checked on 9 October 2026. Kraken's own Tax Center uses CoinTracker, which pays this site nothing. The other three are referral links that may pay this site a fee if you buy, with no extra charge to you; our crypto tax software rankings explain how we compare tools. For a light year, our guide to crypto tax software versus a spreadsheet may save you the fee.

Edge cases worth checking

You moved abroad or live outside the US. Kraken issued 2025 forms only to US tax residents with a US address on 31 December 2025, and says non-US accounts may instead fall under international reporting. You still report worldwide income if you are a US taxpayer; the IRS notes that taxable transactions on foreign platforms must be reported even without a US broker form.

Your form looks wrong. Crypto.com asks you to raise it through In-App Chat; Kraken points you to its Tax Center and your transaction history. Do not simply copy a figure you believe is wrong onto your return, and keep notes of how you reconciled any difference.

You only held. If you bought and held without selling, swapping or sending, you may receive no 1099-DA at all. You still answer the digital-asset question on Form 1040, and buying with dollars alone generally means answering no.