Form 1099-B is a tax form that provides information about property transactions handled by brokers and other parties. This includes bitcoin transactions.

Strike users who have sold bitcoin via the Strike app during the applicable tax year will be able to access a 1099-B form within the document section in the Strike app. You can expect your 1099-B form to be available in mid-February for the preceding tax year.

If your account was closed before your form was available, any applicable tax documents will still be sent to the email address associated with your Strike account. Additionally, states may have their own guidelines for tax filing. You should check the website of your state or local government for the most current guidance.

Please note, as part of evolving tax reporting requirements for Tax Year 2025, new guidelines may impact how on-chain transaction fees are treated for tax purposes. While the industry is still working to align on best practices, Strike is actively evaluating these changes to ensure compliance while prioritizing your interests. We’re committed to providing clear guidance as soon as our approach is finalized. In the meantime, we recommend consulting a tax professional to understand how these evolving regulations may apply to your situation.

Additionally, Strike offers free on-chain withdrawals, including free auto-withdrawals, which are exempt from potential taxable events related to on-chain fees.