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When does Robinhood send 1099 forms for cryptocurrency transactions?

avatarRe HiDec 17, 2021 · 3 years ago3 answers

Can you please provide more information about when Robinhood sends 1099 forms for cryptocurrency transactions?

When does Robinhood send 1099 forms for cryptocurrency transactions?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Robinhood typically sends 1099 forms for cryptocurrency transactions by the end of January each year. It is important to note that this timeline may vary depending on the specific tax regulations and requirements. It is recommended to consult with a tax professional for accurate and up-to-date information regarding your individual tax situation.
  • avatarDec 17, 2021 · 3 years ago
    As an avid Robinhood user, I can tell you that they usually send out 1099 forms for cryptocurrency transactions in late January or early February. However, it's always a good idea to double-check with Robinhood or consult a tax professional for the most accurate information regarding your tax obligations.
  • avatarDec 17, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, Robinhood typically sends out 1099 forms for cryptocurrency transactions in January. However, it's important to keep in mind that tax regulations can change, so it's always a good idea to stay informed and consult with a tax professional to ensure compliance with the latest requirements.