Simplify Your Crypto Tax Reporting With the New Gemini Tax Center

There’s no denying that taxes are complicated, and adding crypto taxes to the mix certainly doesn’t help. Over the past year, a cross-functional team of tax experts and engineers at Gemini have collaborated to build the Gemini Tax Center, a hub dedicated to simplifying your US crypto tax reporting.

The new Gemini Tax Center* is designed to provide you with helpful tools for the upcoming tax season. If you sold assets on the Gemini exchange in 2023, you will be able to generate a gain/loss statement for these sales. You’ll also be able to track information for crypto transferred to Gemini by manually entering price and acquisition date information, or using a default value at the time of the transfer.

Download a 2023 Gain/Loss Statement Plus Current and Historical Forms 1099-MISC

To generate a 2023 gain/loss statement, you’ll have to satisfy the following conditions:

1. Sold an asset in 2023;
2. Selected a cost basis method to apply to sales; and
3. Input cost basis and acquisition date information for assets transferred onto the exchange (if applicable).

The Gemini Tax Center will also be the new centralized location for US users to download current and historical Forms 1099-MISC, as well as receive income and realized gain/loss information.

How to Access the Gemini Tax Center

To access the Gemini Tax Center, follow these steps:

1. Log on to your Gemini account on our website or mobile app,
2. Navigate to the Account tab at the top right of your screen (if you're on web, click settings),
3. Locate and click on the Statements and taxes tab,
4. Once on the Statements and taxes page, select the Taxes tab.

*Make sure your app is up to date.

Visit this link to learn more about the Gemini Tax Center and Gain/loss statements generated by Gemini.

We are thrilled to offer this new tax hub for you to generate forms you may need to help report your Gemini-related crypto tax information. We’re always driven to build more products to support you on your crypto journey as we continue on our mission to unlock the next era of financial, creative, and personal freedom.

Onward and Upward!

Team Gemini

*The Tax Center will be available for both Retail and Institutional users who have access to the Gemini website or app. 2023 Gain/loss statements will not be available for OTC traders.

Please consult with a tax professional for any questions about your personal tax situation including advice on a cost basis method. Gemini does not verify and cannot be responsible for information input by users regarding the acquisition cost or date of transferred assets, and the impact on an individual’s tax obligations. Information on 2023 gain/loss statements is not filed with the US Internal Revenue Service, but only provided to customers for the sake of convenience.