All firms · Crypto
When does PayPal and Venmo send a 1099?
PayPal says Form 1099-DA is available around February 15 and is sent by February 15. Venmo lists an estimated February 15 issuance for crypto sales and exchanges.
Typical release
Verified Around February 15
What the company published for a specific season
PayPal: 1099-K, 1099-MISC, and 1099-INT around January 31; Form 1099-DA around February 15, and PayPal also says it sends the 1099-DA by February 15. Venmo: estimated February 15 for 1099-DA and for crypto-reward 1099-MISC.
Corrected forms
Unverified Unverified. We did not find a typical correction window on an official page.
Forms
1099-DA (PayPal) Verified
PayPal says US customers who sold or exchanged cryptocurrency in a PayPal wallet receive Form 1099-DA, beginning with tax year 2025.
1099-DA (Venmo) Verified
Venmo says a sale or exchange of cryptocurrency in the Venmo wallet produces Form 1099-DA beginning with tax year 2025, plus a transaction summary and a gain/loss statement.
1099-MISC Verified
Venmo lists a separate 1099-MISC for cryptocurrency rewards, including PYUSD rewards, with an estimated February 15 date. PayPal’s tax article also lists 1099-MISC among forms available around January 31.
Tax software import
Verified means the broker or the software vendor says this firm’s forms can be imported. Unverified means we did not confirm it. This list is not a recommendation, and it does not cover wash-sale or cross-account reconciliation.
| Software | Status | What the source says |
|---|---|---|
| TurboTax | Unverified | No official import statement found. |
| FreeTaxUSA | Unverified | No official import statement found. |
| H&R Block | Unverified | No official import statement found. |
| TaxAct | Unverified | No official import statement found. |
| Koinly | Unverified | No official import statement found. |
| CoinLedger | Unverified | No official import statement found. |
Tax software sites
These links open each company’s own website. A listed name is not a recommendation, and TaxFormWatch does not review wash-sale or cross-account reconciliation features.
Questions people ask
When do PayPal and Venmo send Form 1099-DA?
PayPal says Form 1099-DA is available around February 15 and that it sends the form by February 15. Venmo lists an estimated February 15 issuance for crypto sales and exchanges.
Are PayPal and Venmo the same tax form?
No. Each app describes its own Form 1099-DA. Venmo says its parent, PayPal, processes tax documentation for Venmo crypto activity. Download the form from the app that held the crypto.
When do corrected PayPal or Venmo 1099-DA forms arrive?
Unverified as a seasonal window. PayPal says to email taxsupport@paypal.com to request a 1099-DA correction. Venmo says 1099-DA corrections go to taxsupport@venmo.com and that an update email is expected within 7 business days of a request.