What are the requirements for receiving tax forms from Robinhood for cryptocurrency transactions?

1 answers

• Prasanna BSep 11, 2024 · a year ago
  When it comes to tax forms for cryptocurrency transactions on Robinhood, the requirements are pretty straightforward. First, you need to have conducted cryptocurrency transactions on the Robinhood platform during the tax year. Second, you must have a valid Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) associated with your Robinhood account. Lastly, you need to have reached the minimum threshold of $10 in realized gains. Once you meet these requirements, Robinhood will automatically generate the necessary tax forms, such as Form 1099-K or Form 1099-B, and provide them to you for tax reporting purposes.
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