Does Gemini Report to the IRS?

Traded on Gemini? The IRS may already know about your transactions. Learn what Gemini reports to the IRS in our guide and how you can stay compliant.

Does Gemini report to the IRS?

Yes. Gemini provides tax information to the IRS.

If a U.S. customer earns at least $600 in income on Gemini, such as Gemini Earn or bonuses, Gemini typically issues Form 1099-MISC and sends a matching copy to the IRS.

From 2026, Gemini will also report digital asset sale proceeds on Form 1099-DA.

What does Gemini report to the IRS?

Gemini provides 1099 forms, including 1099-MISC, to customers and the IRS when reporting thresholds are met. US users with at least $600 in crypto income in a tax year can receive this form.

Gemini issues 1099-DA(s) reporting on the disposals (sales, exchanges, spends) of crypto.

What counts as income on Gemini?

New tokens or rewards are generally treated as taxable income. On Gemini, this may include Gemini Earn, staking where offered, interest, referral bonuses, promotions, and similar rewards.

Read our guide to crypto taxes for more information on how crypto is taxed by the IRS.

When will I receive my form?

Gemini typically issues 1099 forms by late January or by February of the following tax year, so you can expect to receive a 1099 form by the end of February, at the latest.

The US financial year runs from January 1 to December 31, and tax reporting occurs after the end of this financial year, before the April 15 deadline.

How do I get my 1099 Form from Gemini?

You can download your 1099 forms through the 'Statement and Taxes' section in your Gemini settings.

What do I need to do if I receive a 1099 form from Gemini?

If you receive a Gemini 1099 Form, you need to report it, as well as all other crypto income, on your tax return. You should:

• Review your form details and confirm they are correct.

• Calculate your tax liability.

• Accurately report your gains, losses, and income.

• Maintain thorough records.

It's important that you remember your Gemini 1099-MISC only includes miscellaneous income. Which means you are still required to report any crypto capital gains or losses, as well as other income from Gemini, and other crypto exchanges and wallets you use.

Does Gemini share other information with the IRS?

The IRS has the right to present Gemini with a valid legal request. This includes asking them to share certain customer details and information on trading activity.

Whether you receive a 1099 Form from Gemini or not, you must still report all cryptocurrency transactions to the IRS every tax season.

Does Gemini report conversions to the IRS?

Yes, with the introduction of 1099-DA forms in 2026, Gemini reports crypto conversions to the IRS.

What does the IRS do with the information Gemini provides?

The IRS uses data reported by Gemini to compare against your tax return and may send compliance notices if it believes that you have failed to accurately report any gains or losses from investments.

Mismatches in your filing can increase the likelihood of a crypto-related audit.

Read next: Received IRS Letter 6173 or 6174? Here's What To Do

What information does Gemini send to the IRS?

Gemini reports on user information, such as your name, address, and TIN, as well as transaction details, which include income and sales proceeds.

How do I report my Gemini taxes to the IRS?

Report capital gains and losses from your Gemini trades on Form 8949 and Schedule D for gains and losses. Any crypto income earned on Gemini, such as rewards or interest, should be reported on Schedule 1, or on Schedule C if it relates to a trade or business.

Report your Gemini taxes with Koinly

Koinly makes filing your Gemini activity straightforward. It can pull your transaction history from Gemini via API or CSV upload. After syncing, Koinly calculates capital gains, losses, and income, then produces IRS-ready reports such as Form 8949, Schedule D, and TurboTax-compatible files. Learn more about generating your Gemini tax forms with Koinly.