If you sold or otherwise disposed of bitcoin during the year using the Strike app, you will be issued a tax document. Contrarily, if you didn’t sell or dispose of bitcoin, you will not be issued a tax document.

Tax documents will be available in mid-February for the preceding tax year and can be accessed in the Strike app by visiting your Account screen, and selecting Documents, then "Tax documents".

Tax Year 2024 and earlier

If you sold or disposed of bitcoin using Strike in 2024 or in prior years, you’ll receive Form 1099-B for the applicable year, detailing your taxable bitcoin transactions.

Tax year 2025 and beyond

Starting with the 2025 tax year, Form 1099-DA will be issued for all taxable bitcoin transactions, instead of Form 1099-B. This form is similar to the** 1099-B** form used for stocks and other investments, but is specifically designed for digital assets, including bitcoin. Read more about Form 1099-DA here.

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.

Tax documents for closed accounts

If your Strike account is now closed, but you made a taxable transaction in the preceding year, a PDF of your tax document will be sent to the email address you used with your Strike account, along with a secure link to an annual transaction summary as a CSV file.