When Does Uphold Send Tax Documents? Complete Guide

Uphold sends tax documents according to the tax deadlines which they are required to provide necessary documents like a 1099-B and 1099-Misc. Uphold has not released their 2023 deadlines yet, however the Uphold help center showed the following deadlines for 2022. And the dates don’t change substantially from year-to-year.

2022 Uphold Tax Forms Tax Deadlines

Tax FormPurposeUphold deadline*Customer submission deadline
1099-BReporting Crypto SalesFeb 17, 2023Mar 31, 2023
1099-MISCMiscellaneous IncomeMar 2, 2023Mar 31, 2023


*NoteUphold’s deadline refers to the date by which we, as a regulated financial service, are required to provide the necessary tax information to our customers for them to submit the respective forms. 

How To Get Uphold Tax Documents

To get an Uphold 1099 tax form, you will need to log into your Uphold account and navigate to the “Settings” section.

From there, you can select the “Tax Center” option and then click on the “Tax Forms” tab.

How to get an Uphold 1099 tax form

Here, you will be able to download your 1099 form directly. 

It’s important to keep in mind that Uphold will only generate a 1099 form for you if you have conducted taxable transactions throughout the year, such as selling cryptocurrencies or making other taxable transactions. If you have any questions or issues with obtaining your 1099 form, you can reach out to Uphold’s customer support for assistance. 

Does Uphold report to the IRS?

Yes, Uphold reports to the IRS. Like all US-based financial institutions, Uphold is required to comply with IRS regulations and report certain financial activities.

This includes reporting customer account information and any relevant tax documents. Uphold provides all necessary tax reporting for its users, including the issuance of 1099 forms for eligible transactions.

It is important for Uphold users to be aware of their tax obligations and to accurately report their cryptocurrency and other financial activities to the IRS.  

Why Can’t Uphold Provide Me a Complete Tax Report?

Uphold provides a 1099-MISC and 1099-B, but uphold does not provide a complete tax report. It is your responsibility to provide these forms to your tax professional, and to download your transaction history to generate a complete tax report.

Does Uphold report to other tax authorities?

Uphold may report to tax authorities in compliance with local regulations. Since it is a regulated financial institution operating in multiple countries, Uphold is required to adhere to all tax reporting requirements and may provide information to tax authorities as necessary.

This includes reporting on user transactions and account activity to ensure compliance with tax laws and regulations. 

If you were able to verify your identity (KYC) on Uphold, it is highly likely that they may report your activity to the tax authorities in your country. 

For example, Uphold may report activity to the HMRC, ATO or CRA.

Uphold Tax Reporting

Uphold may report your activity to the IRS or other tax agencies, so it is important that you report your Uphold taxe  when you file your tax return. 

You can do this by downloading a report of your crypto transactions and providing it to a tax professional for inclusion in your return. However, using a crypto tax platform will usually help you streamline the process by calculating your income tax, and capital gains tax.

How Does Cryptocurrency Tax Software Help?

Cryptocurrency tax software is helpful because you can import your transaction history, and it will calculate everything necessary to report your income tax from transactions like staking rewards, as well as your capital gain or loss from exchanges and wallets.

It also makes sure to track an accurate cost basis, and allows you to easily report your uphold taxes.

Connecting Your Uphold To Crypto Tax Software

Connecting your Uphold account to crypto tax software such as Koinly can streamline the process of reporting your cryptocurrency transactions for tax purposes.

By syncing your Uphold account, you can easily track and categorize all your cryptocurrency trades, sales, and purchases.

This can save you time and hassle when it comes to calculating your tax liability on your crypto holdings. 

In order to connect Uphold to a Crypto Tax Platform you will have to use one of two options: an API connection or csv file export.

How to export Uphold transaction history

In order to download a csv file of your uphold transaction history, you will need to navigate to your uphold investing activity. To do this:

1 – Go to Menu > Activity in the application.

2 – Tap the document icon located on the top-right corner of the screen.

3 – Use the drop-down menu to select the “Transaction History” report.

4 – Tap “Generate Report” to download the form.

After generating your transaction history, you can import it to a tax calculator like Koinly.

How to use Uphold API for crypto taxes

One of the easiest ways to export your data is to connect Uphold to a crypto tax app via api. Uphold does not allow users to generating their own API key. However, the crypto tax platforms they have partnered with like Koinly allow you to select “Uphold” as a wallet and via their integration you can synchronize your uphold crypto history automatically.

Which tax documents does Uphold issue?

Uphold only issues tax forms to users in the United States who have taxable transaction history. for the tax year. You can generate form 1099 from uphold. Uphold provide a complete 1099-MISC and 1099-B for you to file your crypto taxes.

In order to generate these reports:

1 – Go to Menu > Activity in the application.

2 – Tap the document icon located on the top-right corner of the screen.

3 – Use the drop-down menu to select the report you want.

4 – Tap “Generate Report” to download the form.

What is a 1099-B form?

A 1099-B form is used to report sales of stocks, bonds, mutual funds, crypto and other securities to the Internal Revenue Service (IRS). It provides important information about the proceeds from these types of investments, including the dates of purchase and sale, the cost basis, and the amount of gain or loss. Taxpayers who receive a 1099-B must use this information to report their investment gains or losses on their tax return. 

How are my Uphold crypto transactions taxed?

The taxation of your Uphold crypto trades depends on your country’s specific laws and regulations regarding virtual currency.

In many countries, crypto trades are subject to capital gains tax, where the profit from the purchase and sale of cryptocurrency is taxed.

You may also have to pay income tax on the fair market value of any tokens received in an airdrop, as staking rewards, or for the sale of goods and services.

It’s important to keep track of all your transactions and consult with a tax professional to ensure that you are accurately reporting and paying any taxes owed on your Uphold account. 

If you have other transactions, such as defi, NFTs, or other “exotic” transactions Crypto Tax Made Easy can help.

Request a free crypto tax review today and we will help you set up a crypto tax software, review it for costly errors, and give you a flat-rate quote for the cost to fix the errors.

Our service usually costs less than half as much as client’s accountant to do the same amount of work.

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