
A growing group of Kraken clients are expressing discontent over the delayed delivery of Forms 1099-DA, amid concerns that their tax filings could be affected. These forms, originally expected by March 13, 2026, have left many in a lurch as the deadline for tax submissions looms.
Kraken has acknowledged significant technical issues that have hindered the timely distribution of these crucial tax documents. As of late evening on March 13, many clients reported not receiving their forms, with Kraken stating,
"We are issuing forms as quickly as our processes allow and have experienced technical challenges while ensuring accurate delivery that protects your data privacy."
As they awaited forms, users flocked to various forums, where dissatisfaction continues to escalate. One individual mentioned, "I havenβt got mine either. I'm filing taxes using Koinlyβs 8949. My CPA is okay with just that," indicating some clients are seeking alternatives for tax preparation.
The backlog of 1099-DA forms is causing significant anxiety among Kraken clients. Comments from forums suggest many are uncertain about their options. One user questioned,
"What do we do if we have not received them? I need to finish my taxes."
This sentiment was echoed by another, stating, "Havenβt gotten anything yet. Made a post, and mods deleted it," revealing issues with forum engagement regarding the topic.
Additionally, the frustration didn't stop at missing documentation. Comments about content deletion from the forums imply a deeper concern about transparency. One user wrote, "Theyβve been deleting all posts about the 1099s, lying about providing the forms, and refusing to give any updates whatsoever."
As the situation evolves, many users voiced feelings of being stuck without the necessary forms, heightening unease.
One user shared, "Honestly, I donβt know. My CPA wonβt file my taxes without the 1099 and filed for an extension for me. I can't even book a new appointment until I have the forms."
Another lamented, "Just checked the mail. No 1099. I really wish they could just post a PDF for download."
It seems that the frustration is intensifying, particularly as deadlines approach.
π» Users report no receipt of 1099-DA forms, raising tax filing issues.
π Many clients struggle with obtaining help from Kraken support or community boards.
π¬ "Just checked the mail they could post a PDF for download" - Reflects user frustration over delivery methods.
As Kraken grapples with this controversy, clients are demanding clarity and timely resolutions. If the exchange doesn't address these delays, it risks damaging its reputation further.
While Kraken suggests that forms are forthcoming, users are left anxious as they prepare for tax season without the necessary documentation. Will Kraken manage to restore client confidence and resolve these ongoing issues? Only time will tell.