Does Robinhood issue a 1099 for crypto?

Yes. Robinhood issues a Consolidated 1099 that includes 1099-B (and 1099-DA for 2025+) for crypto dispositions with proceeds and basis reported. Robinhood has historically reported crypto basis even before the 1099-DA regime required it, which makes reconciliation easier than most exchanges.

What's the difference between Robinhood Crypto and Robinhood Wallet?

Robinhood Crypto is the custodial crypto trading product inside the main Robinhood app. Robinhood holds the keys and issues 1099 forms. Robinhood Wallet is a separate non-custodial self-custody wallet app supporting multiple chains. No 1099 is issued for Wallet activity — all tracking is the user's responsibility.

Does the wash sale rule apply to Robinhood Crypto?

No. IRC §1091 applies only to stock or securities. Crypto is property under IRS Notice 2014-21. You can sell a crypto position on Robinhood Crypto at a loss and rebuy it the same day without wash sale disallowance, even though the same strategy on Robinhood securities would trigger §1091.

When does Robinhood send the Consolidated 1099?

Typically in mid-to-late February, sometimes into March. The form consolidates 1099-B, 1099-DIV, 1099-INT, 1099-MISC, and 1099-DA. Do not file your return until the Consolidated 1099 is final — corrections do happen, and early filers end up amending.

Do I owe tax on Robinhood IRA crypto gains?

Not in the year of the gain. Traditional IRA and Roth IRA wrappers defer (or for Roth, potentially eliminate) tax on gains until distribution. Crypto inside an IRA does not generate current-year 1099-DA reporting; you get 1099-R for distributions instead.

Are Robinhood staking rewards taxable?

Yes, as ordinary income at fair market value on the date received, under Rev. Rul. 2023-14. Robinhood reports staking rewards on the 1099-MISC section of the Consolidated 1099 if totals exceed $600. Smaller amounts are still reportable even without a form.

Can I transfer crypto from Robinhood Crypto to an external wallet?

Yes, for most supported coins. The transfer is not itself a taxable event, but your basis data does not automatically travel with the coin — you need to track it yourself for any later sale on an external platform.

I used both Robinhood Crypto and Robinhood Wallet — how do I file?

Import the Consolidated 1099 for Robinhood Crypto activity. For Robinhood Wallet, pull transaction history from the chains used, run through a crypto tax tool, and generate separate Form 8949 entries in Box C or Box F (no 1099 received). Two data sources, both flowing to the same Schedule D.

Robinhood Crypto Tax Reporting 2026: 1099-B vs Wallet

Robinhood crypto tax walkthrough. 1099-B for Robinhood Crypto, wallet product distinction, and why §1091 wash sale rules don't apply to the crypto side.

Robinhood is the one major U.S. crypto venue that gets the tax paperwork mostly right for retail users. A consolidated 1099 covers securities and crypto together, basis is tracked from day one on Robinhood Crypto, and the platform's reporting ecosystem has been in production long enough that the numbers usually reconcile. But Robinhood has two crypto products — Robinhood Crypto and the Robinhood Wallet — and the tax implications diverge sharply between them. And there's one structural advantage unique to the crypto side that Robinhood Markets users should understand before they do year-end tax-loss harvesting on stocks: §1091 does not apply to the crypto.

The Robinhood Consolidated 1099

Robinhood issues a Consolidated Form 1099 that folds together 1099-B (securities), 1099-DIV (dividends), 1099-INT (interest), and 1099-MISC (other income) into a single PDF. For 2025 and later, it also includes 1099-DA for digital asset broker reporting under IRC §6045.

Historically, Robinhood Crypto trades were reported on Form 1099-B even before 1099-DA existed — Robinhood took the more conservative reporting position and treated crypto as subject to broker reporting. Starting with 2025 transactions, the crypto section moves to 1099-DA, which is the form the IRS now expects. The practical difference is minimal for most users because Robinhood has always reported proceeds and basis, which many other exchanges did not.

Robinhood Crypto vs. Robinhood Wallet: Two Different Tax Realities

Robinhood Crypto (the original product)

This is the crypto trading feature built into the Robinhood app. BTC, ETH, DOGE, SHIB, LTC, BCH, XLM, ETC, AAVE, AVAX, COMP, LINK, MATIC, UNI, XRP, and others. Fully custodial — Robinhood holds the coins. Trades generate 1099-B (pre-2025) or 1099-DA (2025+) with proceeds and basis. The reporting is comprehensive and the tax work is usually straightforward: import the 1099-DA into your tax software, match against your records, file.

Robinhood Wallet (the non-custodial app)

Launched 2023, the Robinhood Wallet is a self-custody wallet app separate from the brokerage. It supports multiple chains (Ethereum, Solana, Polygon, Arbitrum, Base) and gives you your own keys. This is a non-custodial product and is not a broker under §6045. Robinhood does not issue 1099 forms for activity on the Wallet. All tax tracking on the Wallet side is the user's responsibility.

The two products are often confused because they share the Robinhood brand. They have completely different tax reporting implications:

Buy BTC on Robinhood Crypto → 1099-DA issued, basis tracked, simple filing.
Buy ETH on Robinhood Wallet → no form issued, you track basis yourself via on-chain data, same tax obligation as using MetaMask.

The §1091 Wash Sale Gap — Unique to the Crypto Side

Here's the one Robinhood-specific advantage that's worth understanding. IRC §1091 disallows losses on sale-and-repurchase of "stock or securities" within 30 days. If you sell Apple on Robinhood at a loss and rebuy it 10 days later, the loss is disallowed and added to the basis of the replacement shares. This is a real constraint on stock traders.

Crypto is property under IRS Notice 2014-21, not a security. §1091 does not apply. You can sell BTC on Robinhood Crypto at a loss on December 30 and rebuy it December 30, and the loss is fully deductible. Same platform, same user, same tax year — but Apple stock is blocked and BTC is not. Congress has tried four times to extend §1091 to digital assets; as of 2026 none of those proposals has passed. See crypto tax loss harvesting for the deeper analysis.

This has a direct planning implication for Robinhood users with both securities and crypto positions. Your year-end tax-loss harvesting on the securities side is constrained by §1091; your crypto side is not. Smart users harvest crypto losses aggressively in December without worrying about the 30-day window.

The Consolidated 1099 Timing Gotcha

Robinhood's Consolidated 1099 is notorious for being issued later than other brokers. The form often arrives in late February or even March, not January. Reasons: securities reclassifications (dividend vs. return-of-capital corrections from issuers), crypto basis recalculations, and Robinhood's internal review timing.

Do not file until the Consolidated 1099 is finalized. If you file in February and the 1099 is corrected in March, you'll need to amend. If you need to file earlier for cash-flow reasons, at least extend on Form 4868 and file the final return after the Consolidated 1099 is final.

Worked Example: A Full-Year Robinhood Crypto User

2025 activity on Robinhood Crypto:

Bought $15,000 of BTC in April 2025.
Sold $18,000 of BTC in September 2025 for $4,100 short-term gain.
Bought $6,000 of ETH in July 2025.
Sold $4,500 of ETH in December 2025 for $900 short-term loss — rebought $4,500 of ETH two days later (no §1091 disallowance, because crypto is property).
Received $180 of various staking rewards (Robinhood introduced staking for select tokens).

Consolidated 1099 arrives late February 2026:

1099-DA section — Gross proceeds $22,500, basis reported $18,500, net short-term gain $3,200 (the $4,100 gain minus the $900 harvested loss, since §1091 doesn't apply).
1099-MISC section — $180 of crypto staking rewards.

Filing: Form 8949 Box A (short-term, 1099-DA received, basis reported — since Robinhood tracks basis, most crypto lands here for 2025+) with the $3,200 net gain. Schedule 1 Line 8 with $180 of rewards. Clean, simple, matches the Consolidated 1099 exactly.

Robinhood IRA and Crypto

Robinhood launched a Robinhood IRA in 2023 with a platform-funded matching contribution on deposits. Traditional IRA contributions are pre-tax and the Roth is after-tax. Crypto activity inside the IRA does not produce current-year tax events — gains and losses are not recognized until distribution. Form 1099-R is issued for distributions, not 1099-DA. The IRA wrapper eliminates the year-by-year capital gains reporting on crypto held inside it, which is a meaningful advantage for long-holders.

The Robinhood Cashback Card and Crypto

Robinhood launched a credit card in 2024 with crypto-denominated rewards for premium-tier users. Cashback paid in crypto is ordinary income at FMV on the date credited — similar analysis to the Crypto.com Visa cashback. Robinhood reports this on 1099-MISC if totals exceed $600.

Transfers In and Out

Robinhood Crypto now allows transfers in and out for most supported coins. The transfer itself is not a taxable event. If you transfer in from an external wallet, your basis from that wallet carries over. If you transfer out to an external wallet, your basis is now your responsibility — Robinhood's basis data ends at the transfer. Document carefully for later sales on or off platform.

Common Mistakes

Confusing Robinhood Crypto with Robinhood Wallet. Different tax reporting entirely.
Filing before the Consolidated 1099 is final. Late corrections create amendment work.
Applying §1091 to crypto-side losses. The rule doesn't apply to crypto — harvest freely.
Forgetting staking rewards on 1099-MISC. Income, not capital gain.
Treating IRA crypto activity as current-year taxable. Not until distribution.

Robinhood tax question we haven't answered? Call us.

Robinhood's reporting is generally clean, but the gotchas — Wallet vs. Crypto, late-arriving 1099s, IRA treatment — still trip people up every April. Call (813) 229-7100 for a free consultation or book at https://getirshelp.com/contact. 32 years. No pitch. Straight answer.

Robinhood Crypto Tax Reporting: 1099-B, the Wallet Product, and the §1091 Gap