1099-DA Delays Spark Outrage | Kraken Users Demand Answers

As the February 18 deadline looms, Kraken customers find themselves in a growing uproar over delays in receiving their 1099-DA tax documents. Many people across various forums are expressing urgency and frustration regarding their tax filings amid these ongoing issues.

Users Voice Their Frustration

The dissatisfaction is palpable among users, who describe Kraken's delays as unprecedented. One user noted, "Worse than Coinbase is criminal lol. I gave up and used CoinLedger." People are confused as it shouldn't take this long to receive tax documents.

Many are calling for action, with one saying, "Suggest everyone report this garbage company they are saying we need to wait until March 13th when I had every single other tax forms by January 31st." Others are tweeting similar sentiments, pressing Kraken for immediate updates on their documents.

Miscommunication and Misinformation

Some users report conflicting timelines regarding the 1099-DA availability. In a recent chat with support, one shared, "I was told the 1099-DA would be ready by the end of next week." This draws attention to potential inconsistencies in communication from Kraken representatives, fueling further outrage among users.

Interestingly, users also pointed out the impact of missing the critical 1099-DA on their financial planning. There are fears the document won't align with the 8949 form they need for their taxes. As one user warned, "There’s a possibility the 1099-DA will not match your 8949"

Growing Discontent Leads to Threats of Withdrawal

The community's discontent intensifies as many threaten to leave Kraken altogether. A user bluntly stated, "I'm definitely pulling my money out." With some estimating that many could switch platforms, Kraken could face potential losses if the situation remains unresolved.

"They are past the deadline. We can call the IRS and tell them Kraken is late," remarked one proactive individual, underlining the chaos surrounding the tax obligations.

Consequences for Kraken

The ongoing delays are likely to strain Kraken's reputation as customer dissatisfaction grows. Industry experts suggest that if complaints continue to mount, a significant portion of their customer base could look for alternatives come next tax season.

Key Highlights:

• ⚠️ Users frustrated: "This might be the last year that I use Kraken."

• ⌛ Deadline missed: Many still lack their tax documents.

• 🔍 IRS concerns raised: People considering reporting Kraken for late filings.

As 2026 tax season advances, Kraken faces mounting pressure. Can they resolve these document delays before more users decide to leave?