@shadowysupcoder@SPACEracerX@krakensupport@jespow The new kraken leadership is a joke nowadays. Instead of prioritizing the most important thing of generating 1099-DA for their customers they are focusing on all other things. Customer support is useless providing canned answers only.
Genuinely ironic that Kraken is the first crypto exchange to receive a Federal Reserve master account but can't even generate a 1099-DA in a timely manner
Still no 1099 or Email from @krakensupport@krakenfx How are you going to make this right for the clients? Do we all need to file extensions? this is very unprofessional, apologies only go so far...🐙🖤🐙
Our systems are processing all forms now. If you are eligible and haven't received it it will likely land very soon.
One important note is that you are still able to fully calculate your PnL independent of the 1099-DA. In fact the DA only reports gross proceeds of sales. The ability to do this has been available since January 1st using direct exports of your account with your accountant or yourself or using a crypto tax software company such as Koinly.
@krakenfx@krakensupport why haven't the 1099 forms been provided? Besides the fact that we should have received it by 2/17, you said no later than 3/13 and it's still not provided. This is ridiculous.
Wall Street wants in.
$312B in stablecoins. 11 crypto bank charters in 83 days. And Hyperliquid just hit a record — trading oil.
Is this the moment crypto swallows TradFi? 🤔
Hi Davie,
Updates will be shared in the banner of this article: support.kraken.com/articles/how-t…
Forms 1099-DA are being issued as quickly as possible. Many were delivered March 13, and the rest will follow as soon as they’re ready. You’ll receive an email once yours is available.
Thanks for your patience! 🐙
So when do we as a community decide to pull all of our funds off of @krakenfx since they're not even capable of sending out our 1099 DA's?
Makes you wonder why they're the only exchange having problems with this. I have NO faith in my funds being safe there now. 💯@krakensupport