How to Do Your Gemini Taxes

How To Do Your Gemini Taxes

CoinLedger imports Gemini data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

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Gemini Tax Reporting

You can generate your gains, losses, and income tax reports from your Gemini investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

Gemini exports a complete Transaction History file to all users. Simply navigate to your Gemini account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Gemini Tax Reporting

Gemini supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Gemini account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Gemini Tax Reporting

You can generate your gains, losses, and income tax reports from your Gemini investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:

Automatically sync your Gemini account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Gemini Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Gemini and import it into CoinLedger

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Gemini Tax Reporting

Automatically sync your Gemini account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Gemini Transaction History CSV file to CoinLedger

Gemini Tax Reporting

Navigate to your Gemini account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't Gemini Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Gemini. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Gemini's reporting is that it only extends as far as the Gemini platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Gemini, Gemini can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CoinLedger works here.

Are you a Gemini user looking to file your crypto taxes?

In this article, we’ll share what you need to know about the fundamentals of crypto taxes and break down a simple step-by-step process to file taxes on your Gemini transactions.

What is Gemini?

Founded in 2013 by Tyler and Cameron Winklevoss in 2013, Gemini is one of the biggest exchanges in America. Gemini is well-known for its commitment to security and regulatory compliance — being one of the few exchanges available in New York!

What tax forms does Gemini send?

Gemini sends Form 1099-MISC to customers who’ve earned at least $600 worth of cryptocurrency income from the platform.

Starting in 2026, exchanges like Gemini will be required to issue Form 1099-DA — outlining all capital gains and losses.

Does Gemini report to the IRS?

Yes. When Gemini sends a Form 1099 to a customer, the exchange issues an identical copy with the IRS.

Why doesn’t Gemini send me all of my tax records?

1099 forms may be inaccurate if you’ve transferred cryptocurrency into or out of the platform.

Remember, Gemini only has visibility into transactions that take place on the Gemini platform. This makes it difficult for Gemini and other exchanges to calculate your capital gains and losses.

Example: Crypto Transfer

Josh buys $2,000 of BTC on Exchange A.

Josh transfers his BTC to a cold wallet.

Later, he sells his BTC for $2,500 on Gemini.

In this case, Gemini does not know Josh’s original cost basis for buying Bitcoin and cannot calculate his capital gains.

To get a complete record of your entire cryptocurrency transaction history, try CoinLedger. The platform can import transactions from Gemini and other exchanges via csv or API import. The whole process can be finished in minutes!

How to do your Gemini taxes

Here’s how you can include all of your Gemini transactions on your tax return on CoinLedger within minutes.

Automatic import

1. Within CoinLedger, click the “Add Account” button on the bottom left.

2. Find Gemini in the list of supported exchanges.

3. Click the blue button labeled “Sync Transactions”.

4. At this point, you’ll be asked to enter a 2-factor authorization code.

5. Once you’ve entered the code, click the “Allow” button to finish the process.

6. Now, all of your Gemini transactions will automatically be recorded in your CoinLedger account. When you choose to file your tax report, your Gemini history will be included.

Make managing your Gemini taxes stress-free

Want to get started managing your taxes on Gemini and other exchanges? Try out CoinLedger, the crypto tax reporting software used by more than 500,000 investors.