Gemini has introduced a new hub called the Gemini Tax Center designed to simplify crypto tax reporting for US users.
Users can generate a gain/loss statement for 2023 asset sales on Gemini and download Forms 1099-MISC.
To create gain/loss statements, users need to have sold assets, selected a cost basis, and input acquisition information for 2023.
The Tax Center also offers income and realized gain/loss information, and will be accessible for Retail and Institutional users, excluding OTC traders.
The tax hub will be available starting February 21, 2024, ensuring users are ready for the upcoming tax season.

Gemini is a cryptocurrency exchange and custodian that allows individuals and institutions to buy, sell, and store digital assets securely. With a focus on compliance and consumer protection, Gemini offers a suite of products including an exchange platform, ActiveTrader for advanced trading, a stablecoin called Gemini Dollar, a rewards-earning credit card, and Nifty Gateway for buying and selling NFTs. Founded by Cameron and Tyler Winklevoss in New York in 2014, Gemini emphasizes security by supporting hardware security keys, two-factor authentication, and approved addresses. They offer over 70 digital assets and serve clients in more than 70 countries.

Gemini

Cryptocurrency exchange, secure trading, custody, and financial services platform.

Gemini Launches Tax Center for Crypto Reporting

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