How can I report my cryptocurrency earnings from Robinhood on my W-9 form?

3 answers

• Nov 26, 2021 · 3 years ago
  When reporting your cryptocurrency earnings from Robinhood on your W-9 form, you need to treat them as capital gains. Calculate the total amount of earnings you made from trading cryptocurrencies on Robinhood and report it as capital gains on Schedule D of your tax return. Make sure to include all necessary details such as the date of acquisition, date of sale, cost basis, and proceeds. If you have any specific questions or need further assistance, it's recommended to consult with a tax professional.
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• Nov 26, 2021 · 3 years ago
  Reporting your cryptocurrency earnings from Robinhood on your W-9 form is important for tax purposes. You should consult with a tax professional to ensure you are following the correct procedures. Generally, you will need to report your earnings as capital gains and provide the necessary documentation. Keep track of your trades, including the date of acquisition, date of sale, cost basis, and proceeds. This information will be used to calculate your capital gains and report them accurately on your W-9 form.
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• Nov 26, 2021 · 3 years ago
  When it comes to reporting your cryptocurrency earnings from Robinhood on your W-9 form, it's essential to consult with a tax professional. They will guide you through the process and help you accurately report your earnings. As an employee of BYDFi, I can tell you that it's crucial to keep detailed records of your trades, including the date of acquisition, date of sale, cost basis, and proceeds. This information will be necessary when filling out your W-9 form. Remember, it's always better to seek professional advice to ensure compliance with tax regulations.
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