If you sold or otherwise disposed of bitcoin during the year using the Strike app, you will 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.

Tax documents are issued to both you and the IRS in compliance with tax laws.

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.

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.