Robinhood Taxes 101: Tax for Investing and Crypto on Robinhood (2025)

Crypto Tax
6 min read

We know tax reporting for all your trading activities is confusing, even with user-friendly sites like Robinhood. Whether you use Robinhood to invest in stocks or trade crypto, you may need to report this information on your tax return. 

Our Robinhood Tax Guide will help clear up some of your questions and get you pointed in the right direction for reporting your Robinhood taxes.

Robinhood Taxes: What Activity on Robinhood is Taxable?

Robinhood’s platform has different offerings, from investing in the stock market to crypto trading to retirement options. Depending on what you use their site for, you may have more than one taxable activity for the year. 

We’ll break down some examples of taxable activities by their different offerings (there may be more Robinhood taxable activities than we have listed):

Investing on Robinhood

  • Purchasing stocks or shares of ETFs: May generate taxable dividends, depending on the specific stock or ETF purchased.
  • Selling stock or shares of ETFs: Generates a capital gain or loss on the disposition. The amount of the gain or loss depends on factors including cost basis, proceeds, and amount of shares sold.

Options Trading on Robinhood

  • Options trading: More nuanced, but you may have a taxable activity if the position was closed, the option was exercised, or if it expires.

Crypto Trading on Robinhood

  • Selling crypto for fiat: Generates capital gain or loss
  • Trading crypto for another crypto (swapping): Generates capital gain or loss
  • Earning rewards: Deposit rewards, referrals, or “learn and earn” rewards are taxed as ordinary income

Note: If you only purchase crypto using fiat or transfer crypto to another account of yours, it is not considered a taxable activity.

Retirement Accounts on Robinhood

  • IRA distribution: May result in a taxable event depending on several factors, including your age, the reason for the distribution, and the type of IRA. Not all distributions are taxable, so it’s best to consult with a tax professional if you have questions. 

What Robinhood Tax Forms Will I Receive?

The Robinhood tax form you receive depends on the activity and taxable events you had during the year. Below is a list of Robinhood tax forms you might get:

  • Consolidated Form 1099: As the name implies, this tax form reports interest, dividends, and capital gains or losses in one PDF. Robinhood will send a single PDF from Robinhood Markets, Inc. to report the taxable activities from Robinhood Securities, Robinhood Crypto, and Robinhood Money.
    • Form 1099-DIV: Reports dividend income received from stocks held; goes on Schedule B of your tax return
    • Form 1099-INT: Reports the interest income paid; goes on Schedule B of your tax return
    • Form 1099-MISC: Reports miscellaneous income; goes on Schedule 1 as other income on your tax return or Schedule C if you have a business activity
    • Form 1099-B: Reports short-term and long-term capital gains and losses. The summary goes on Schedule D and a detailed breakdown goes on Form 8949.
    • Form 1099-DA: Beginning in 2026, Robinhood and other cryptocurrency exchanges will have to report all crypto trading activity on the new Form 1099-DA
  • Form 1099-R: Reports information for your retirement account, including distributions and rollovers.
  • Form 5498: Sent later in the year for informational purposes and reports contributions to your retirement accounts.

For most traders, these forms make reporting your Robinhood taxes simple. However, they may be insufficient for cryptocurrency trading.

Where Do I Find My Robinhood Tax Documents?

You can access your Robinhood tax documents by following the below steps:

  1. Select Account (person icon) → Menu (on the web, skip to the next step)
  2. Go to Tax Center
  3. Select a form to review its details

Can’t find your documents? The 2024 tax documents aren’t released until 2025. Each form has its own deadline, so check Robinhood’s website to see when you can expect to receive your Robinhood tax documents. 

Why Didn’t I Receive a Robinhood Tax Form?

Not all users receive Robinhood tax forms. If your taxable activity is under the thresholds for filing the forms, you may not receive one. Don’t let this trick you! You are still required to report all of your Robinhood taxable activity on your tax return.

How Do I Report My Robinhood Crypto Transactions on My Tax Return?

If Robinhood is the only account you use to trade crypto, you can most likely rely on the information reported on Robinhood Form 1099 to prepare your tax return for your crypto transactions. 

It gets tricky when Robinhood is one of multiple crypto exchanges or wallets you use. Even though Robinhood includes crypto taxable gains and losses on Form 1099, the cost basis they report may not be accurate. 

Be careful! You could overpay your capital gains tax if you don’t adjust your tax return for the misrepresented cost basis on the Robinhood Form 1099. 

How Do I Report My Robinhood Crypto Taxes If I Can’t Use Form 1099?

To report crypto taxes accurately, you need to track your cost basis; this means you need to track the movement of your crypto across different wallets or exchanges. In the world of stocks, this is done for you, but not when it comes to crypto.

Luckily, Robinhood makes a CSV file of your crypto transactions available after sending the Form 1099. If you use online tax software to reconcile your crypto transactions, import your Robinhood file and the data from your other wallets and exchanges to calculate your Robinhood taxes and track your cost basis. 

If the cost basis reported on the Robinhood Form 1099 does not match your records, you can indicate on your tax return that you are adjusting the reported cost basis. 

Still have questions about reporting your Robinhood taxes or about crypto tax reporting in general? Check our Crypto Tax Guide for a more in-depth explanation.

Don’t Want to Wait for Your Robinhood Crypto Transaction Data?

If you are looking to import your Robinhood transaction history before the release of the CSV file, you can follow these instructions:

  1. Reach out to Robinhood Support by visiting https://robinhood.com/contact
  2. Click Documents and Taxes → Transaction History → Contact Us
  3. Choose how you would like to be contacted, by email or phone
  4. Request a copy of your transactions for your buy/sells and send/receives. This may be two files
  5. Once you have your file(s), convert to CSV.
Pro Tip: We recommend backing up your transactions quarterly or monthly, depending on your trade volume.

Simplify Your Robinhood Tax Filing

Since 2014, Gordon Law has prepared over 1,500 crypto tax reports and defended over a dozen IRS crypto audits, helping investors save millions in taxes and penalties.

Don’t become a target of the IRS! Enjoy stress-free tax filing and strategic guidance to maximize your refund. Call the experienced crypto tax team at Gordon Law today.

Sources:

You may also like

Get Started
(847) 580-1279