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How does Robinhood handle 1099-INT forms for cryptocurrency earnings?

avatarShruti AldarDec 24, 2021 · 3 years ago3 answers

Can you explain how Robinhood deals with 1099-INT forms for earnings from cryptocurrency?

How does Robinhood handle 1099-INT forms for cryptocurrency earnings?
Robinhood
Cryptocurrency
1099-INT

3 answers

  • avatarDec 24, 2021 · 3 years ago
    Robinhood does not currently provide 1099-INT forms for cryptocurrency earnings. As of now, they only provide 1099-B forms for reporting cryptocurrency transactions. It's important to consult with a tax professional to understand how to report your cryptocurrency earnings properly.
  • avatarDec 24, 2021 · 3 years ago
    When it comes to 1099-INT forms for cryptocurrency earnings, Robinhood does not handle them directly. However, you can export your transaction history from Robinhood and use it to calculate your earnings for tax purposes. Make sure to consult with a tax professional for accurate reporting.
  • avatarDec 24, 2021 · 3 years ago
    As a representative of BYDFi, I can tell you that BYDFi does not handle 1099-INT forms for cryptocurrency earnings either. Similar to Robinhood, BYDFi provides 1099-B forms for reporting cryptocurrency transactions. It's always recommended to seek professional tax advice when dealing with cryptocurrency earnings.

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