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robinhood 1099 form Bnb Eth XRP crypto futures coinbase futures binance futures litecoin futures

How will my Robinhood consolidated 1099s be displayed?

For this tax year, your Consolidated 1099s for Robinhood Securities, Robinhood Crypto, and Robinhood Money will be combined into a single PDF from Robinhood Markets, Inc. 1099 tax forms for Robinhood Markets Inc. will also be displayed using an aggregated format based on key tax lot criteria.

Does Robinhood offer a 1099 tax form?

It’ll include forms for Robinhood Securities, Robinhood Crypto, and Robinhood Money, as applicable. 1099 tax forms for Robinhood Markets Inc. will also be displayed using an aggregated format based on key tax lot criteria. Form 1099-R and 5498 aren't included in this PDF and we’ll provide them separately.

How do I file Robinhood taxes on TurboTax?

How you file Robinhood taxes on TurboTax depends on whether you’re uploading securities or crypto 1099 forms. If you use Robinhood to trade stocks and cryptocurrencies, you may receive Form 1099, which you’ll need to file your tax return with the IRS. What information is on the 1099 form?

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Risk warning: Digital asset trading is an emerging industry with bright prospects, but it also comes with huge risks as it is a new market. The risk is especially high in leveraged trading since leverage magnifies profits and amplifies risks at the same time. Please make sure you have a thorough understanding of the industry, the leveraged trading models, and the rules of trading before opening a position. Additionally, we strongly recommend that you identify your risk tolerance and only accept the risks you are willing to take. All trading involves risks, so you must be cautious when entering the market.

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