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

Sabrina SultanaMar 19, 2022 · 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?

3 answers

Mar 19, 2022 · 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.
Mar 19, 2022 · 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.
Mar 19, 2022 · 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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