Gemini tax forms: 1099-DA and 1099-MISC cover crypto, and none covers Gemini Predictions

Form 1099-DA and the Gain/Loss Statement, available February 15

IRS Form 1099-DA instructions

Gemini issues Form 1099-DA when you sold, converted or otherwise disposed of digital assets on Gemini. It is available for eligible accounts on February 15. The Gain/Loss Statement is “provided for your reference; not sent to the IRS”, and also goes to taxable entities not eligible for a 1099-DA, mainly C corporations. Gemini applies first in, first out to sales of digital assets when no method is chosen.

Form 1099-MISC by January 31: more than $600, then $2,000 for 2026

IRS Form 1099-MISC instructions

Gemini issues Form 1099-MISC by January 31 for staking, Refer a Friend, sign-up and trading bonuses, and stablecoin rewards of more than $600, rising to $2,000 for 2026 transactions.

What Gemini lists, and what it doesn’t

Gemini lists no Form 1099-B among the documents it issues. On Form 8949 its articles are explicit: “Gemini does not prepare or issue Form 8949”. Gemini’s tax articles do not name Form 6781. The forms that do exist sit under Settings, Statements & Taxes, Taxes.

Tax documents listed

Form 1099-DAGain/Loss StatementForm 1099-MISC

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Form 1099-DA

For digital assets sold, converted or otherwise disposed of on Gemini, available February 15

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Gain/Loss Statement

Provided for reference, not sent to the IRS; also goes to taxable entities not eligible for a 1099-DA, mainly C corporations

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Form 1099-MISC

By January 31, for staking, Refer a Friend, sign-up and trading bonuses and stablecoin rewards of more than $600, rising to $2,000 for 2026 transactions

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Form 1099-B

Not named as a document Gemini issues

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Form 8949

Gemini does not prepare or issue it

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Cost-basis default

First in, first out, applied to sales of digital assets

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Where the forms are

Settings > Statements & Taxes > Taxes

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Gemini Predictions runs on Gemini Titan, LLC, a CFTC-designated contract market. A spot account trades predictions from its USD balance. Buying a contract sells no crypto, so it creates no 1099-DA line.

Gemini’s only tax line for Predictions is its FAQ answer: “Gemini does not provide tax or accounting advice. Please consult your own tax advisor regarding your specific circumstances.” That is what its pages list, not an IRS rule about the contracts.

Exchange

Gemini Titan, LLC, a designated contract market registered with the CFTC

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Account

Spot accounts trade predictions, from the USD balance

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Tax form for prediction contracts

None named: Gemini’s US tax articles, last updated January 21, 2026, describe 2025 crypto activity only

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Transaction History, on web and mobile

Gemini says predictions and payouts appear in Transaction History. Its download steps:

1. Web: Account, Settings, Statements and taxes, Transaction history. Press download for Exchange Transaction History and set the date range.
2. Mobile: Account, Transaction history. Select a year and download Exchange Transaction History.

The settled-positions API: payout, cost basis and P&L, past year only

Gemini’s API returns settled positions with payout, cost basis and profit or loss, and names tax reporting as a use. “Results are limited to the past year.” Order history by UTC day needs a key with the Trader role.

TurboTax and CoinTracker read Gemini’s crypto forms

TurboTax imports Gemini’s tax forms through an API key, and Gemini calls CoinTracker “a preferred crypto tax partner”. Neither page mentions prediction contracts.

Payouts

Shown in Transaction History

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Transaction history, web

Account > Settings > Statements and taxes > Transaction history > Exchange Transaction History, then a date range

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Transaction history, mobile

Account > Transaction history > a year > Exchange Transaction History

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Settled positions

Payout, cost basis and profit or loss per settled position, limited to the past year

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Order history

Filled orders by UTC day, for a key with the Trader role

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TurboTax

Imports Gemini’s tax forms through an API key

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CoinTracker

Named by Gemini as “a preferred crypto tax partner”

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Of the people we’ve seen file, the most common ways use Form 6781 (Section 1256, 60/40), Form 8949 (capital gains, with the $3,000 loss limit) or Schedule 1 and Schedule A (gambling, with the 90% loss limit).

There is no IRS guidance on how event contracts are taxed. Of the people we’ve seen file, three ways are most common: standard capital on Form 8949 and Schedule D, Section 1256 on Form 6781, and gambling on Schedule 1. Gemini Predictions taxes sets them side by side on one winning and one losing year, and Gemini Predictions legal status covers the states that have acted.