#TURBOTAX GEMINI EARN DOWNLOAD#

To determine your Earn income for the year:ġ - You can go to Account> Balances> press the Download button > select Transaction History> Grow Transaction History> set the appropriate date range ( through )> download the report. Any Earn income amounts accrued subsequent to the suspension of withdrawals will not be reported on Forms 1099-MISC for tax year 2022 given such amounts were not accessible by customers for withdrawal at any point after the suspension. This includes all Earn income which was credited to a customer’s account and available for withdrawal at any point during tax year 2022 (regardless of whether or not it was actually withdrawn by the customer). Forms 1099-MISC will be issued according to this calculation (reflecting the USD equivalent) regardless of whether assets have been redeemed from Earn.Īs paying agent, Gemini has a legal obligation (pursuant to US tax law and regulations) to report income earned by customers via the Earn program on Forms 1099-MISC. If you have not been issued a Form 1099-MISC for 2022, you will see a message that notifies you that the account does not have a tax form once the Download button is pressed.Įarnings from lending crypto assets through the Gemini Earn program will be calculated by identifying the daily asset allocation multiplied by the current price of the asset at the time of allocation. On the website: Go to Account > Balances > Press the Download button (the shape that looks like a down arrow into a box) > Tax documents > Form1099MISC/2022 > Download On the app: Go to Account (icon on top right of the mobile app) > Statements and History > Tax Documents > Form1099MISC/ 2022 > Download.pdf You can download your Form 1099-MISC (or confirm you did not receive one) in the Statements and History section on the Account page on the Gemini web or mobile app.

If applicable, income is reported in Box 3 (Other income) on the Form.Īccounts that have been issued a Form 1099-MISC will receive a notification via email to retrieve the Form. exchange account holder who has earned more than $600 (USD equivalent) in income on the exchange during the calendar year. Gemini issues a Form 1099-MISC for any non-exempt U.S. Please consult a tax advisor to determine your personal tax obligations that result from your activities on Gemini, including dispositions, earnings, and rewards.Ģ022 Tax Information Reporting issued by the Gemini Exchange This article is based on IRS guidance received to date, which may continue to evolve and change. The information below is provided for general informational purposes and should not be considered tax advice.

Turbotax gemini earn