What steps should I take to ensure I receive a 1099 form from Robinhood for my digital currency trades?

3 answers

• JojoDiazAug 05, 2023 · 3 years ago
  To ensure you receive a 1099 form from Robinhood for your digital currency trades, you should first make sure that your account is verified and your tax information is up to date. This includes providing your social security number or tax identification number. Additionally, you should actively engage in trading digital currencies on Robinhood, as the platform may only issue a 1099 form if you meet certain trading thresholds. Keep in mind that it's always a good idea to consult with a tax professional to ensure you are meeting all tax obligations.
  553

  277
• Kamraan WaniMay 16, 2023 · 3 years ago
  Getting a 1099 form from Robinhood for your digital currency trades is important for tax purposes. To ensure you receive one, you should regularly check your account settings on Robinhood to make sure your tax information is accurate and up to date. This includes providing your social security number or tax identification number. Additionally, you should actively trade digital currencies on the platform, as Robinhood may only issue a 1099 form if you meet certain trading thresholds. Remember to consult with a tax advisor for personalized guidance.
  553

  185
• 071 Parameshwaran M MechMay 18, 2022 · 4 years ago
  To receive a 1099 form from Robinhood for your digital currency trades, you need to ensure that your account is verified and your tax information is complete. Robinhood will typically issue a 1099 form if you have engaged in a certain level of trading activity. However, it's important to note that tax regulations can vary, so it's always a good idea to consult with a tax professional to understand your specific obligations. If you have any further questions, feel free to reach out to BYDFi's customer support for assistance.
  529

  133