Kraken Tax Reporting US 2026 – Tax Forms, Exports & Complete Guide

Kraken is one of the most established US crypto exchanges. This guide explains how to get your Kraken tax data, what forms Kraken sends, and how to report Kraken transactions correctly on your US tax return.

What Tax Forms Does Kraken Send?

• Form 1099-DA: Starting tax year 2025 – reports proceeds from crypto sales to you and the IRS
• Form 1099-MISC: For staking rewards and other income over $600
• Available in your Kraken account by January 31
• Note: Kraken was subpoenaed by the IRS in 2021 – all activity should be reported

How to Export Your Kraken Transaction History

1. Log in to Kraken → History → Export
2. Select Ledger export type (most complete)
3. Choose full tax year date range (Jan 1 – Dec 31)
4. Select all asset types
5. Download CSV

Also export Trades separately. The Ledger export covers trades, staking rewards, deposits, withdrawals, and fees.

Kraken Staking Rewards

• Staking rewards = ordinary income at FMV when received (IRS Rev. Rul. 2023-14)
• Kraken sends 1099-MISC if staking income exceeds $600
• Even under $600: Still taxable
• Cost basis of rewards = USD value at receipt
• Later sale = capital gain from receipt date

Kraken Futures

• Kraken Futures gains/losses = capital gains
• Export from the Futures platform separately
• Only realized P&L matters – not unrealized

Import Kraken into CoinTaxReporting

CoinTaxReporting supports Kraken with full automation:

• Connect via Kraken API key for automatic sync
• All transaction types recognized automatically
• FIFO/HIFO calculation across all your exchanges
• IRS Form 8949 generated automatically

Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.