How to report cryptocurrency earnings if Robinhood didn't send a 1099 form?

3 answers

• Dec 17, 2021 · 3 years ago
  If you haven't received a 1099 form from Robinhood to report your cryptocurrency earnings, you should still report your earnings to the IRS. The lack of a 1099 form does not exempt you from reporting your income. You can use other documentation, such as your transaction history or trade confirmations, to calculate your earnings and report them on your tax return. It's important to accurately report your cryptocurrency earnings to avoid any potential penalties or audits from the IRS.
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• Dec 17, 2021 · 3 years ago
  Don't worry if you didn't receive a 1099 form from Robinhood. You can still report your cryptocurrency earnings by using the information available to you. Keep track of your transactions and calculate your earnings based on the prices at the time of each transaction. Make sure to report your earnings accurately and honestly on your tax return. If you're unsure about how to report your cryptocurrency earnings, it's always a good idea to consult with a tax professional for guidance.
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• Dec 17, 2021 · 3 years ago
  If Robinhood didn't send you a 1099 form, you can still report your cryptocurrency earnings by using a crypto tax reporting tool like BYDFi. BYDFi allows you to import your transaction history from various exchanges, including Robinhood, and automatically calculates your earnings for tax purposes. It generates the necessary tax forms, such as Form 8949, to report your cryptocurrency earnings accurately. Using a crypto tax reporting tool can save you time and ensure that you comply with IRS regulations.
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