Robinhood Crypto Taxes: What You Need to Know
How Robinhood crypto taxes work. What forms Robinhood sends, how to report your gains, and what changed with Robinhood Wallet and crypto withdrawals.
How Robinhood Reports Your Crypto to the IRS
Robinhood reports crypto transactions to the IRS on Form 1099-B (historically) and is transitioning to Form 1099-DA under the new broker reporting rules effective for tax year 2025. You'll receive your tax forms by mid-February — find them in your Robinhood app under Account → Statements and History → Tax Documents.
Because Robinhood reports directly to the IRS, your reported gains must match the figures on your tax return. Discrepancies trigger automated CP2000 notices.
What Robinhood Crypto Transactions Are Taxable?
- Selling crypto for USD — capital gain or loss (the main event for most Robinhood users)
- Crypto card rewards paid in crypto — ordinary income when received
- Referral bonuses in crypto — ordinary income at FMV
- Robinhood Wallet swaps — taxable disposal (swap ETH → USDC = sell ETH)
- Withdrawing crypto to an external wallet — NOT taxable at the time of transfer, but carries the original cost basis
Robinhood's 1099-B: What It Covers and What It Misses
Robinhood's 1099-B covers crypto sales made directly on the Robinhood app. However, it has important limitations:
- Robinhood Wallet activity is NOT on the 1099-B — DeFi transactions, NFT sales, and swaps via Robinhood Wallet are your responsibility to track separately.
- Cost basis for external transfers: If you transferred crypto from another exchange to Robinhood, Robinhood does not know your original cost basis. It may show $0 or use the transfer date as the acquisition date, potentially overstating your gain.
- Adjustments may be needed: If Robinhood's reported cost basis is wrong (e.g., for transferred assets), you can enter the correct basis on Form 8949 with an adjustment code.
Robinhood Wallet: DeFi Taxes
Robinhood Wallet is a self-custody Ethereum wallet that also supports Base, Arbitrum, and Polygon. Any swaps, liquidity pool interactions, or NFT trades you execute through Robinhood Wallet are on-chain transactions — they are not included on Robinhood's 1099 forms.
You are responsible for tracking these separately. Import your Robinhood Wallet Ethereum address into Blockchain Smart Tax to capture all wallet-level transactions alongside your brokerage trades.
How to Get Your Robinhood Tax Documents
- Open Robinhood app → tap the Account icon (bottom right)
- Tap Statements and History
- Tap Tax Documents
- Download your 1099 consolidated form (PDF) and the CSV trade file
The CSV version is importable into most tax software. TurboTax, H&R Block, and Blockchain Smart Tax all accept Robinhood's CSV format.
Reporting Robinhood Crypto on Your Return
All crypto sales go on Form 8949 — you can import the 1099-B data directly into most tax software. The totals carry over to Schedule D. Any crypto income (referral bonuses, card rewards) goes on Schedule 1 as other income.
Short-term vs. long-term: Robinhood's 1099-B separates short-term (held 12 months or less) and long-term (held more than 12 months) transactions. Double-check that the holding period classification matches your records — it affects whether you pay ordinary rates or preferential capital gains rates.
Go Beyond Robinhood — Track Everything
Blockchain Smart Tax imports your Robinhood transactions automatically via API, but it doesn't stop there. It also reads directly from 550+ blockchains to capture your self-custody wallet activity, DeFi interactions, staking rewards, and more — giving you a complete tax picture, not just your exchange history.
How we compare to other crypto tax platforms:
- Koinly ($49+/year) — supports Robinhood but with established exchange integration
- CoinTracker ($59+/year) — Robinhood integration available; limited DeFi classification outside Ethereum
- CoinLedger ($49+/year) — Robinhood import supported; no transfer-pattern wallet discovery
- Blockchain Smart Tax (from $25/year) — Robinhood API import plus automatic wallet discovery across 550+ chains, all cost basis methods included, free during beta
Connect Robinhood and all your wallets in minutes — free during beta →