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Kraken Securities: Frequently Asked Questions (2025 Tax Year)

Last updated: 11 сакавіка 2026 г.

We currently expect equities-related Form 1099s to be available shortly. Please note availability may be subject to minor adjustments as we complete final reconciliations.

If your equities activity involved a dividend reclassification or income reclassification, your forms are expected to be available on or around mid to late March.
 

Please consult your tax professional for any tax or filing related guidance.

Kraken Securities will provide a 1099-B for your stock and ETF capital gains and dividend activity. It is possible you could receive a revised 1099. Changes to dividend tax classifications processed after your original tax form is issued for 2024 may require an amended tax form.

However, there are other circumstances which may also cause you to receive a revised 1099. Alpaca will continue to receive, process and mail these corrections up to the IRS filing deadline of April 17, 2025. It is recommended that tax returns be filed after these mailing deadlines to ensure you have received all reported data. Kraken may provide a 1099-DA and/or 1099-MISC for crypto related activity, see our FAQ on tax forms for more information.

Income from certain types of investments is subject to adjustments that could change the tax reporting on payments received in your account. For example, you may have received a $100.00 cash dividend on June 1, 2023. The company who declared the dividend may later decide to change the tax category (“reallocate”) of that dividend to 50% return of capital and 50% long term gain. Though these reallocations can occur throughout the year, the bulk of income reallocations are provided between late January and February following the year the original payment was made.

The definition of the notes can be found within the end-notes at the end of your tax statement.

Yes. You can import your Kraken Securities LLC Form 1099 and cost basis information directly into TurboTax by selecting “Kraken Securities LLC” from the list of financial institutions on the TurboTax website.

Note: You will need the Document ID (found on your tax statement) to complete the import process.

How to locate your Document ID

The Document ID is a unique identifier found in the upper right-hand corner of your Form 1099. You can locate your tax statement by following the steps below:

  1. 1

    Click your profile icon in the top right-hand corner.

  2. 2

    Select Documents.

  3. 3

    Under Account Documents, select Tax Statement from the dropdown.

  4. 4

    Download your equities 1099.

    The Document ID is displayed in the upper right-hand corner of the form. Use this Document ID together with your Account ID to import your 1099 into TurboTax.

  1. 1

    Click your profile icon in the top-right corner.

  2. 2

    Go to Tax center.

  3. 3

    Download your 1099 from this section.

    - The Document ID appears in the upper right-hand corner of the document.

Note:

Tax documents are not available on Kraken’s mobile applications. Please access them via the web.

Frequently Asked Questions

The IRS applies a de minimis threshold of $10 for combined dividends (DIV) and interest (INT). If your total dividends and interest exceed $10, a tax document is required to be issued. If the combined total is $10 or less, it will not be reported on your 1099.

You will only receive a Form 1099 if you had a taxable event from trading equities on Kraken during the last tax year. If you did not, no form will be issued.

In accordance with the Energy Improvement and Extension Act of 2008, brokers are required to report cost basis information for “covered” securities to the IRS. If your securities are “noncovered,” this will be indicated on your 1099-B, and the cost basis information will not be reported to the IRS.

If you believe there is an error on your tax form, please contact Kraken Support for assistance.

 

To import your Kraken Securities LLC Form 1099 directly into TurboTax, you will need two pieces of information:

  1. 1

    Your Kraken Securities Account Number, found in the account details sections of your settings tab, or in the top right hand corner of your Form 1099.

  2. 2

    Your Document ID, which appears on the top right-hand corner of your Form 1099.

TurboTax will prompt you for both when selecting Kraken Securities LLC as your financial institution during the import process.

Your Kraken Securities account number is required for TurboTax imports and may also be needed for ACAT transfers. You can find it in both Kraken Pro and Kraken (consumer) by following the steps below.

On Kraken Pro web

  1. Click your profile icon in the top right-hand corner of the screen.
  2. Select Settings.
  3. In the Account Details section, you will see your Kraken Securities Account Number.

On Kraken web

  1. Click your profile icon in the top right-hand corner of the screen.
  2. Select Account.
  3. On the Personal Info page that appears next, your Kraken Securities Account Number will be listed

Directly on Your Form 1099

When viewing your downloaded Form 1099, the Brokerage Account Number is displayed in the top right-hand section of the form, above or near the Document ID.

Your Kraken Securities account number serves two primary purposes:

  1. 1

    TurboTax Tax Import: TurboTax uses your account number alongside your Document ID to import your Form 1099 tax information automatically. Without these identifiers, TurboTax cannot pull your tax forms from Kraken Securities LLC.

  2. 2

    ACAT Transfers (Transferring Out of Kraken): If you choose to transfer your securities to another brokerage via the Automated Customer.

Account Transfer Service (ACATS):

  • The receiving brokerage will require your Kraken Securities account number to initiate the transfer.
  • This number uniquely identifies your brokerage account for asset movement.

Make sure the number is provided accurately to avoid delays.

Kraken Securities LLC is a registered broker-dealer and member of FINRA and SIPC. Kraken Securities LLC does not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only and is believed to be accurate as of the posting date, but may be subject to change. It is not intended to provide, and should not be relied upon for, tax, legal, or accounting advice. Clients should consult their own independent advisors regarding any investment, tax, or legal matters discussed herein.

Please visit the IRS Website at https://www.irs.gov/forms-instructions to review Instructions and Form changes.

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