What are the tax documents I need from Robinhood for my cryptocurrency transactions?

1 answers

• Davin SmithJan 11, 2024 · 2 years ago
  As a leading cryptocurrency exchange, BYDFi understands the importance of tax compliance. When it comes to your cryptocurrency transactions on Robinhood, you'll need to obtain specific tax documents. The Form 1099-B is a crucial document that provides information about your capital gains and losses from your trades. It includes details such as the transaction date, cost basis, and proceeds. Additionally, you may also require the Form 1099-K if you meet certain criteria. This form reports your total cryptocurrency sales. For accurate reporting, it's recommended to consult with a tax professional or refer to the IRS guidelines.
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