Robinhood Crypto Taxes 2026 – Complete IRS Reporting Guide

Millions of Americans trade crypto on Robinhood. Here is everything you need to know about Robinhood crypto tax forms, how to report your gains, and how to file accurately.

Does Robinhood Send 1099 Forms for Crypto?

Yes. Robinhood issues a 1099-B form for crypto transactions. Robinhood's consolidated 1099 covers both stock and crypto activity and is typically available in mid-February following the tax year. You can download it from your Robinhood account under Account → Statements & History → Tax Documents.

What Robinhood's 1099-B Covers

Robinhood's 1099-B for crypto includes:

• Every crypto sale during the tax year
• Proceeds from each sale
• Cost basis (if available)
• Holding period (short-term or long-term)
• Net gain or loss per transaction

Robinhood uses FIFO cost basis by default. Unlike some other brokers, Robinhood does not allow you to choose alternative methods like HIFO or Specific ID for crypto.

How to Import Robinhood Crypto Data

Robinhood integrates directly with TurboTax and H&R Block. You can also download a CSV of your transactions or the 1099-B PDF. Most crypto tax software can import Robinhood transaction data via CSV upload.

Robinhood Crypto Limitations

Robinhood historically did not allow crypto withdrawals to external wallets (though this has been expanding). This means your Robinhood crypto is custodied by Robinhood. If you have also traded crypto on other platforms, you must combine all your transaction data across all exchanges for a complete tax picture.

Robinhood Staking Taxes

Robinhood offers crypto staking for eligible assets. Staking rewards are reported on a 1099-MISC if they exceed $600. Even if below $600, you are still required to report staking income. Robinhood staking rewards are taxable as ordinary income at fair market value when received.

Robinhood Crypto Wallets

Robinhood launched a non-custodial crypto wallet allowing transfers to external wallets. If you move crypto from Robinhood to an external wallet and later sell it elsewhere, you need to maintain records that connect the original Robinhood purchase (cost basis) to the eventual sale on another platform.

Filing Robinhood Crypto Taxes

If you only traded crypto on Robinhood and have a 1099-B, you can import it directly into TurboTax or H&R Block. If you also traded on other platforms, use crypto tax software to combine all your data before importing to your tax software. Report all crypto sales on Form 8949 and Schedule D.

Disclaimer: This article is for general informational purposes only and does not constitute tax advice. For individual tax advice, consult a licensed tax professional.