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How can I accurately report my cryptocurrency gains and losses with Robinhood 1099-B?

avatarSage WongDec 25, 2021 · 3 years ago1 answers

I need help with accurately reporting my cryptocurrency gains and losses using Robinhood 1099-B. Can someone guide me through the process and provide any tips or best practices?

How can I accurately report my cryptocurrency gains and losses with Robinhood 1099-B?

1 answers

  • avatarDec 25, 2021 · 3 years ago
    Reporting cryptocurrency gains and losses with Robinhood 1099-B is a breeze! Simply log into your Robinhood account and navigate to the Tax Documents section. There, you'll find your 1099-B form, which provides a summary of your cryptocurrency transactions. You can download the form and use it to report your gains and losses on your tax return. If you have transactions from other exchanges or wallets, you'll need to gather the necessary information and calculate your gains or losses separately. Remember to keep accurate records and consult a tax professional if you have any doubts or questions. Happy reporting!