Does Robinhood Send Tax Forms for Crypto?
Yes. If you sold or traded crypto in your Robinhood Crypto account, Robinhood sends you a Form 1099-DA reporting your gross proceeds, plus a Form 1099-MISC if you earned $600 or more in rewards. The IRS gets a copy too. It all arrives inside one consolidated 1099 PDF, usually by mid-February following the tax year.
Robinhood is a regulated US broker, so there’s no ambiguity about whether it reports: it does, automatically. The real questions are which form covers your crypto, what it actually includes, and where it quietly leaves a gap that can inflate your tax bill. Let’s break it down.
Robinhood’s forms only tell you what was reported, not what you owe. Our guide to how crypto is taxed walks through how gains, losses, and income actually get calculated.
Does Robinhood report your crypto to the IRS?
Robinhood Markets is a registered US financial services company. Like Coinbase, Kraken, and Gemini, it follows the federal broker reporting rules, which means it files your crypto sale data with the IRS and hands you a matching copy. There’s no version of Robinhood that operates off the IRS’s radar.
Starting with the 2025 tax year, that reporting happens on the new Form 1099-DA, the IRS’s dedicated crypto form, which replaced the old 1099-B for digital assets. (For the full picture of how this regime works across platforms, see our crypto exchange reporting overview.)
What tax forms does Robinhood send for crypto?
Robinhood bundles everything into a single Consolidated 1099 (sometimes called a Composite 1099), one PDF under Robinhood Markets, Inc. Inside it, you may find separate 1099s for each part of your account:
| Section | What it covers |
|---|---|
| Robinhood Crypto — 1099-DA | Gross proceeds from your crypto sales and swaps |
| Robinhood Crypto — 1099-MISC | Crypto reward income, if it totals $600 or more |
| Robinhood Securities — 1099-B | Stock and ETF sales |
| Robinhood Derivatives / Money | Options, futures, interest, as applicable |
The piece that matters for crypto is the Robinhood Crypto 1099-DA. If you only held crypto on Robinhood and never traded stocks, that (and possibly a 1099-MISC for rewards) is the part of the consolidated form that applies to you.
Don’t confuse the stock 1099-B with the crypto 1099-DA. They’re different sections of the same document, and they’re calculated differently. Your crypto sits on the 1099-DA.
When does Robinhood send the crypto 1099?
Robinhood issues the consolidated 1099, including the crypto 1099-DA, by mid-February for the prior tax year (so your 2025 forms arrive around mid-February 2026). It’s available to download in the app and on the web under your account’s tax documents. Robinhood occasionally posts a corrected 1099 later in the season, so if you filed early, it’s worth checking for an updated version before you assume you’re done.
What does the Robinhood crypto 1099 actually report?
Here’s the nuance that trips people up. For the 2025 tax year, the Robinhood Crypto 1099-DA reports gross proceeds only to the IRS, not your gain. Robinhood will show you cost basis where it has it, but for 2025 only the proceeds figure goes to the IRS. Reward income flows separately onto the 1099-MISC, and only when it hits the $600 threshold.
What does that mean in practice? The number the IRS sees is the total dollars from your sales, not your profit. If you sold $30,000 of crypto that you’d bought for $22,000, your real gain is $8,000, but the IRS’s copy shows $30,000 in proceeds. Your job is to report the actual gain, computed on Form 8949 and Schedule D, not to parrot the proceeds line.
Why is the cost basis on your Robinhood 1099 a problem?
Robinhood now lets you transfer crypto in and out of the platform. That’s convenient, and it’s also where the tax trap lives.
When you transfer crypto into Robinhood from another wallet or exchange, Robinhood doesn’t know what you originally paid for it. So when you later sell, its 1099-DA may show the full proceeds with missing or zero cost basis. The same goes in reverse: move crypto out of Robinhood and sell it elsewhere, and the receiving platform has no basis either.
This is the single most common reason a crypto 1099 overstates your tax, and it runs in one direction: toward overpaying. In an internal review of 398 client cases across six tax years, 64.8% had gains overstated in at least one prior year, and 100% had tax-software errors that needed cleanup. The fix is reconciling your complete history across every platform so the right cost basis lands on each sale, the unglamorous work that turns an inflated 1099 into the number you actually owe.
What should you do with your Robinhood crypto taxes?
- Find the right section. Your crypto is on the Robinhood Crypto 1099-DA inside the consolidated 1099, not the stock 1099-B.
- Don’t file raw proceeds. Report your actual gain after cost basis, not the proceeds figure.
- Reconcile transfers. If you moved crypto in or out of Robinhood, expect basis gaps and fix them before filing.
- Check for corrections. Robinhood can reissue a 1099 later in the season.
- Wait for the right form. If you also traded on other exchanges, you’ll have multiple 1099-DAs to combine.
If your Robinhood crypto numbers look higher than what you actually made, that difference is almost always missing cost basis, not a mistake on your part. A US crypto tax accountant can reconcile it and make sure you’re not overpaying.
Frequently asked questions
Does Robinhood send tax forms for crypto?
Yes. If you sold or traded crypto in your Robinhood Crypto account, Robinhood issues a Form 1099-DA reporting your gross proceeds, and a Form 1099-MISC if you earned $600 or more in crypto rewards. These appear inside your consolidated 1099 PDF, with a copy sent to the IRS, typically available by mid-February following the tax year.
Does Robinhood report crypto to the IRS?
Yes. Robinhood is a regulated US broker and reports your crypto sale proceeds to the IRS automatically on Form 1099-DA, starting with 2025 transactions. The IRS receives the same figures you do and matches them against your return, so leaving Robinhood crypto activity off your taxes is likely to trigger a CP2000 notice.
How much crypto do I have to sell on Robinhood to get a tax form?
For 2025, Robinhood issues a 1099-DA for your crypto sales regardless of amount, since there’s no minimum proceeds threshold for digital asset reporting. The $600 figure applies only to the 1099-MISC for reward income. Either way, your gains are taxable and reportable from the first dollar, whether or not a form is issued.
Why is the cost basis missing or wrong on my Robinhood crypto 1099?
Because Robinhood can only track what happened on Robinhood. If you transferred crypto in from another wallet or exchange, Robinhood doesn’t know your original purchase price, so its 1099-DA may show full proceeds with zero or missing basis. That makes your gain look larger than it is. Reconciling your full transaction history across platforms fixes it.
Does the Robinhood consolidated 1099 include crypto?
Yes. The Robinhood Consolidated 1099 is a single PDF under Robinhood Markets, Inc. that can include separate 1099s for Robinhood Securities (stocks), Robinhood Crypto (a 1099-DA and possibly a 1099-MISC), and other account types. Your crypto sales are on the Robinhood Crypto 1099-DA section, which is calculated separately from the stock 1099-B.
Sources and further reading
- IRS Digital Assets guidance
- IRS About Form 1099-DA
- IRS Frequently Asked Questions About Broker Reporting
- IRS Topic No. 409, Capital Gains and Losses
About the author and reviewer
Founder of Crypto Tax Made Easy. Matt has worked in crypto tax since 2017, leading reconciliation work across DeFi, cost basis cleanup, exchange tax forms, and tax software reviews. CTME has reconciled 6.7M+ transactions for 1,410+ investors, and Matt has appeared with Binance and spoken at the Australia Crypto Convention.
US tax reviewer for CTME content that includes IRS or state tax implications. Michael reviews US tax treatment, reporting, and compliance references.
Disclaimer: The information provided by Crypto Tax Made Easy is for general informational purposes only and does not constitute professional, financial, accounting, or tax advice. Consult a qualified professional about your specific situation.