Tax forms for Strike Business accounts are issued in late January or early February for the previous calendar year if your business had taxable transactions.

Form 1099-B

If your business sold or disposed of bitcoin using Strike in 2024 or in prior years, you received Form 1099-B for the applicable year, which included a cost-basis calculation using the HIFO (Highest In, First Out) method.

Form 1099-DA and Form 1099-K

Starting with the 2025 tax year, if your business sold or disposed of bitcoin, you will receive Form 1099-DA, specifically designed for digital assets, including bitcoin. Read more about Form 1099-DA here. Cost basis will not be reported to the IRS until tax year 2026.

Additionally, if your business received payments exceeding applicable thresholds, a Form 1099-K will also be issued. Learn more about 1099-K eligibility and thresholds.

Transactions that are taxable events include:

• Selling your bitcoin for U.S. dollars
• Buying goods or services with your bitcoin or sending bitcoin to someone as a form of payment

Transactions that are generally not taxable events include:

• Buying bitcoin with U.S. dollars
• Sending bitcoin to your own external bitcoin wallet, or transferring bitcoin between your own wallets

Please note that Strike is not aware of your purpose when sending bitcoin–whether for payments, transferring to your own wallets, or paying employees. It is your responsibility to ensure that you make complete and accurate reports of bitcoin transactions to the IRS. At any time you can download your transaction history, including in CSV format via the Strike Dashboard to calculate your own cost basis.

All relevant tax forms are sent to the IRS. If you have any questions, please contact support@strike.me.