Currently, Gemini is not required to issue Forms 1099-B because bitcoin and ether sales appear to be regarded as sales of personal property under current IRS guidance. Forms 1099-B are not required to be issued for sales of personal property, and therefore, while we are still evaluating this issue, we do not believe that Gemini has a filing requirement at this time.
With that said, our account reports do provide information related to 3 of the 4 pieces of information related to determining gain/loss of your bitcoin or ether activity on Gemini:
- Date acquired (if your bitcoin or ether were purchased on Gemini)
- Date sold
You can access your account report by following the two steps below:
1) Click the “View All Transaction History” button located at the bottom of the Dashboard
2) Click the “Download History (xlsx)” button. This will prompt the account report to download on to your device.
Please note that we do not have any way of knowing the cost basis for bitcoin or ether deposited into your account (one of the necessary pieces of information to complete a Form 1099-B). As a result, we recommend that for tax preparation, especially related to any sale of bitcoin or ether on Gemini that were acquired elsewhere, you consult with your personal tax advisor.