Does Kraken report to the IRS?
Yes. Kraken issues tax forms to US customers (1099-DA and 1099-MISC), and the IRS gets a copy.
Checked 2026-10-27 · 1 source- com, Kraken Pro and related apps but not Kraken Wallet or Ink. It issues Form 1099-MISC for $600 or more in staking, referral and airdrop income, and issued no 1099s for tax year 2024.
- Tax is owed on gains whether or not you receive a form. Swapping one token for another counts as a sale.
- Form 1099-DA is the IRS form for digital asset sales through a broker. It reports your sale proceeds, so keep your own records of what you paid.
- This is general information, not tax advice.
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Sources: Kraken Support - Tax forms: Frequently asked questions (1099-DA, 1099-MISC). The venue's own page wins if it disagrees with ours.
Kraken
Exchange · 1.6% round trip. Kraken is a US-based custodial crypto exchange run by Payward, Inc., founded in San Francisco in 2011 and open to the public since September 2013. Instant buys and sells in the Kraken app carry a 1% fee plus a spread, while the Kraken Pro order book charges 0.40% maker and 0.80% taker at the entry tier.
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