What should I do if I didn't receive a 1099 form from Robinhood for my cryptocurrency transactions?

3 answers

• Dec 17, 2021 · 3 years ago
  If you didn't receive a 1099 form from Robinhood for your cryptocurrency transactions, it's important to take the necessary steps to report your earnings accurately. First, make sure to keep a record of all your cryptocurrency transactions, including the dates, amounts, and any relevant information. You can use this information to calculate your gains or losses for tax purposes. Next, consult with a tax professional or use tax software to accurately report your earnings on your tax return. Remember, it's your responsibility to report your cryptocurrency earnings, even if you didn't receive a 1099 form from Robinhood.
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• Dec 17, 2021 · 3 years ago
  Don't panic if you didn't receive a 1099 form from Robinhood for your cryptocurrency transactions. While it's important to have accurate documentation for tax purposes, you can still report your earnings without a 1099 form. Keep a record of your transactions and consult with a tax professional to ensure you report your earnings correctly. Remember, the IRS expects you to report all income, including cryptocurrency earnings, so it's essential to be proactive in reporting your earnings even if you didn't receive a 1099 form.
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• Dec 17, 2021 · 3 years ago
  If you didn't receive a 1099 form from Robinhood for your cryptocurrency transactions, you can still report your earnings by using your transaction history. Robinhood provides a transaction history report that includes all the necessary information for tax reporting. Simply download the report and use it to calculate your gains or losses. If you're unsure about how to report your earnings, consult with a tax professional who can guide you through the process. Remember, it's important to accurately report your cryptocurrency earnings to comply with tax regulations.
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