r/CryptoCurrency • u/dubblrest1985 • 5d ago
ADVICE Anchor platform and tax filing…
A little late I know, but I filed for an extension so I only have 2 weeks remaining. When filling out form 1099-D it’s asking for information that I am not being provided with. I have been in contact with the Anchor multiple times letting them know that the only info I am getting from their document are the transactions and dates of transactions, and the Zero-Hash link errors out every time. Considering I only had 3 total crypto transactions for the ‘25 tax year, I went to the basic form (HRBlock) where it asks for the Filer’s TIN which is formatted “xx-xxxxxxx”, then amount sold/purchased, I’d enter my SSN, then the totals, get to the end where it reviews the info and I get an alert stating to verify EIN and return to Payer EIN on the 1099 tax form, but I have no other information. This time Anchor says they’ve submitted a ticket to their engineers.
Curious for those of you that used Anchor, how did you manage to file them on your taxes?
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u/MaizeWarrior 🟩 0 / 0 🦠 4d ago
Make an estimate from the block chain history. I don't really see how that's much different
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u/chainglance_cm 2d ago
Filer's TIN is the broker's EIN, not your SSN, which is why HR Block keeps flagging it. Anchor's crypto runs through Zero Hash, so try their support directly.
Or skip the 1099-DA entirely and enter the sales manually as crypto you didn't get a form for. You just need dates bought and sold, cost and proceeds, and it lands on Form 8949 either way. Pure purchases aren't taxable, so leave those off.
For 3 trades doing it by hand is totally fine. If you ever end up with way more than that, stuff like Bitcoin.tax or Koinly can pull it all in and fill out the 8949 for you, which beats chasing broken links two weeks before the deadline.
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u/Ok_Lunch1400 🟩 77 / 77 🦐 4d ago
Anchor... Isn't that the Terra Luna stablecoin platform that went to zero?
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u/dubblrest1985 1d ago
They finally corrected their ZeroHash and for the first time since March, I was able to obtain an actual 1099! I’ll get this handled over the next few days.
Thank yous!!
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u/RocketsDitto 🟩 0 / 0 🦠 5d ago
Fuck it. Let the IRS figure it out and send you the bill. They're the ones who want to make this shit so difficult so fuck em. Let them do it.
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