Are there any specific steps I need to follow to receive my 1099 form from Robinhood for my digital currency activities?

3 answers

• Dec 30, 2021 · 3 years ago
  To receive your 1099 form from Robinhood for your digital currency activities, you need to ensure that you have met the reporting threshold set by the IRS. If your total cryptocurrency transactions exceed $20,000 and you have made more than 200 transactions in a calendar year, Robinhood will issue a 1099 form to you. It is important to keep track of your transactions and report them accurately to comply with tax regulations.
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• Dec 30, 2021 · 3 years ago
  Receiving a 1099 form from Robinhood for your digital currency activities is a straightforward process. Once you have met the reporting threshold set by the IRS, Robinhood will automatically generate and send the form to you. Make sure to keep your contact information up to date in your Robinhood account to ensure timely delivery of the form. If you have any questions or concerns, you can reach out to Robinhood's customer support for assistance.
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• Dec 30, 2021 · 3 years ago
  As a digital currency exchange, BYDFi does not issue 1099 forms for your digital currency activities on Robinhood. You will need to follow the specific steps provided by Robinhood to receive your 1099 form. Ensure that you have met the reporting threshold set by the IRS and keep track of your transactions. If you have any questions about the process, you can contact Robinhood's customer support for guidance.
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