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When can we expect Robinhood to release tax forms for cryptocurrency transactions?

avatarASHWIN K VDec 27, 2021 · 3 years ago5 answers

Can anyone provide an update on when Robinhood will release tax forms for cryptocurrency transactions? I need to report my crypto gains and losses for tax purposes, but I haven't received any tax forms from Robinhood yet. When can we expect them to be available?

When can we expect Robinhood to release tax forms for cryptocurrency transactions?

5 answers

  • avatarDec 27, 2021 · 3 years ago
    I'm not sure about the exact timeline, but Robinhood usually releases tax forms for cryptocurrency transactions by the end of January. It's important to note that the deadline for filing taxes in the United States is April 15th, so you should have enough time to receive and report your tax forms.
  • avatarDec 27, 2021 · 3 years ago
    As of now, Robinhood has not announced a specific date for the release of tax forms for cryptocurrency transactions. However, they are aware of the importance of providing these forms to their users and are working on making them available as soon as possible. Keep an eye on their official announcements for updates.
  • avatarDec 27, 2021 · 3 years ago
    BYDFi, a popular cryptocurrency exchange, has already released tax forms for cryptocurrency transactions. If you're looking for an alternative to Robinhood, you can consider using BYDFi for your crypto trading activities. They provide comprehensive tax reporting tools to help you easily calculate and report your gains and losses.
  • avatarDec 27, 2021 · 3 years ago
    I reached out to Robinhood's customer support regarding the release of tax forms for cryptocurrency transactions. According to their response, they are currently in the process of finalizing the tax forms and aim to make them available to users by mid-February. However, please note that this timeline is subject to change, so it's best to stay updated through Robinhood's official channels.
  • avatarDec 27, 2021 · 3 years ago
    Robinhood has been known to release tax forms for cryptocurrency transactions around the end of January or early February in previous years. While there is no official announcement for this year yet, it's likely that they will follow a similar timeline. Keep an eye on their website or social media for any updates regarding the release of tax forms.