Koinly

Finally got your last 1099-DA from Kraken? 🐙 Here’s what you need to do (and what you don’t need to do): We’re once again seeing a lot of users assume they need to amend their transactions in the Kraken Tax Center to add missing cost basis details before filing in April 2026. In reality, this information will not be reported to the IRS, even if you add it. It’s for your records only. While it may help with filing in 2027, there’s no urgency to update it now (with a month to go until the deadline) if you’re already using crypto tax software. For 2025 transactions, you can report your cost basis on Form 8949 as usual. If you’ve only used Kraken and are relying on your 1099-DA to file, then you can amend this information to upload into your chosen filing software. The copy the IRS receives of your 1099-DA still won’t include it. For the April 15 deadline, the process is largely the same as last year: 1⃣ Pick your crypto tax software. Kraken users receive a 25% discount using Koinly. 👀 2⃣ Import your data. Review. Reconcile. 3⃣ Upload any 1099-DAs you received. 4⃣ Generate your tax forms as usual. On Form 8949, txns will be marked as not reported on a 1099-DA, reported with cost basis, or reported without cost basis. More info 👇

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