What are the tax forms I need to fill out for cryptocurrency earnings on Robinhood?

1 answers

• singzeon louMay 14, 2022 · 3 years ago
  When it comes to reporting your cryptocurrency earnings on Robinhood, you'll need to fill out a few tax forms. One of the forms you may need is the Form 1099-K, which is used to report income from payment card and third-party network transactions. If you've made more than 200 transactions or your total proceeds exceed $20,000 in a calendar year, Robinhood will provide you with a Form 1099-K. Additionally, you may also need to fill out the Form 8949 to report your capital gains or losses from cryptocurrency trading. It's always a good idea to consult with a tax professional or use tax software to ensure you accurately report your earnings and stay compliant with tax laws.
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