Robinhood Crypto Taxes 2026: 1099-DA vs 1099-B Explained

Robinhood is unusual among crypto platforms because it's primarily a stock brokerage that also offers crypto — and that dual nature is the whole tax story. The same account produces a polished, basis-complete stock 1099-B alongside a crypto 1099-DA that follows newer, looser rules. This guide explains what Robinhood reports to the IRS in 2026, how crypto differs from stocks on your forms, the transferred-crypto basis trap, and how to file correctly.

Does Robinhood report to the IRS in 2026?

Yes. Robinhood is a US broker, collects full KYC identity data tied to your Social Security number, and every form it sends you goes to the IRS in identical copy:

Your combined PDF arrives by mid-February under Robinhood Markets, Inc., including forms for Robinhood Securities, Robinhood Crypto, Robinhood Derivatives, and Robinhood Money as applicable. A document ID on the cover page lets you import directly into TurboTax or H&R Block.

Stocks vs crypto: same account, different rules

This is the key thing Robinhood users miss. The capital gains math is identical for stocks and crypto — proceeds minus cost basis, short-term or long-term by holding period. But the reporting is not:

• Stock 1099-B: years of mature cost basis tracking behind it. Trust it.
• Crypto 1099-DA: new form, proceeds-only to the IRS for 2025, and far more likely to carry missing or zero basis on transferred-in coins. Verify it.
• Wash-sale rule: applies to your stocks (violations appear on the 1099-B) but does NOT currently apply to crypto.

The transferred-crypto basis trap

Robinhood Crypto originally didn't allow external withdrawals, but since the crypto wallet launched, users can transfer coins in and out. Here's the trap: Robinhood has no record of what you paid for transferred-in crypto.

• Robinhood set a January 14, 2026 deadline to add cost basis in-app for crypto sold in 2025 (updates after January 7 could delay your forms)
• If you missed it, your 1099-DA shows zero basis for those coins — making your full sale price look like gain
• If you enter basis for transferred crypto, those tax lots are marked as "customer-provided"
• Because cost basis is not reported to the IRS for 2025 (informational only on your copy), Robinhood will not issue corrections for basis changes — you fix it on Form 8949 when you file

How to read your Robinhood 1099-DA

The form has quirks worth knowing:

• Daily aggregation: transactions are grouped by day per asset — one line may represent multiple trades, with "Various" dates indicating mixed holding periods
• DTIF codes: each crypto is identified by a 9-digit ID registered with the Digital Token Identifier Foundation; unregistered coins show 999999999
• Stablecoin aggregation: qualifying stablecoin sales are reported once total proceeds exceed $10,000
• Additional info column: shows how many transactions are aggregated, whether basis is customer-provided, and transfer details

Worked example: Robinhood stocks + crypto on one return

Scenario: In 2026 you sold stock for a $1,500 long-term gain, sold BTC (bought 6 months earlier on Robinhood) for a $700 gain, and earned $60 in promo rewards. Income $70,000, single, Florida.

1. Stock: $1,500 long-term (from 1099-B) × 15% = $225
2. Crypto: $700 short-term (from 1099-DA) × 22% = $154
3. Rewards: $60 ordinary income × 22% = $13 (Schedule 1 — under $600, so no 1099-MISC, but still taxable)
4. Total: $392 — one return, three different reporting paths

How to file your Robinhood taxes (step by step)

1. Wait for your consolidated 1099 PDF (by mid-February) and the crypto 1099-DA
2. Download the CSV transaction files for the full picture
3. Trust the stock 1099-B numbers; verify the crypto 1099-DA basis, especially for transferred-in coins
4. Fix any missing crypto basis on Form 8949 with your own records
5. List each disposal on Form 8949 (new checkboxes indicate 1099-DA reporting status)
6. Total gains/losses on Schedule D, split short-term and long-term
7. Report rewards on Schedule 1 as Other Income
8. Answer the Form 1040 digital-asset question "Yes" if you sold, exchanged, or received crypto

Common Robinhood tax mistakes

• Assuming crypto reporting works like stocks. The 1099-B is basis-complete; the 1099-DA often isn't.
• Missing the in-app basis deadline for transferred crypto — then filing on zero basis.
• Ignoring the IRS mismatch risk. An unreported 1099-DA triggers automated matching and a CP2000 notice.
• Applying wash-sale thinking to crypto. It applies to your Robinhood stocks, not your crypto (currently).
• Forgetting small rewards. Under $600 means no 1099-MISC, but it's still taxable income.
• Wrong personal details. Name/SSN mismatches trigger B-Notices and potential backup withholding.

Frequently asked questions about Robinhood taxes

Does Robinhood report crypto to the IRS?

Yes. Robinhood reports crypto sales and exchanges on Form 1099-DA starting with the 2025 tax year, alongside the consolidated 1099-B for stocks and options. Any time Robinhood sends you a tax form, the IRS receives an identical copy tied to your Social Security number.

What is the difference between Robinhood's 1099-B and 1099-DA?

The 1099-B covers stocks and options with mature, complete cost basis tracking. The 1099-DA covers crypto and, for 2025, reports gross proceeds only to the IRS — cost basis appears on your copy where available but is informational. The crypto form is far more likely to show missing basis for transferred-in coins.

Why does my Robinhood 1099-DA show zero cost basis?

Robinhood has no record of what you paid for crypto transferred in from another wallet or exchange. Robinhood allowed users to add cost basis in-app until January 14, 2026 for crypto sold in 2025. If basis wasn't added, the form shows zero — and you must supply the correct basis on Form 8949 to avoid being taxed on your full proceeds.

When does Robinhood send tax forms?

The 1099-MISC arrives by January 31, and the consolidated 1099 (including the crypto 1099-DA) by mid-February — February 17, 2026 for the 2025 tax year. Robinhood emails you when documents are ready, and CSV transaction files become available after the consolidated forms.

Does the wash-sale rule apply to Robinhood crypto?

No. The wash-sale rule applies to your Robinhood stocks and options (violations are flagged on the consolidated 1099-B), but it does not currently apply to crypto. You can sell crypto at a loss and rebuy immediately, though proposed legislation could change this in the future.

Are Robinhood crypto rewards taxable?

Yes. Promotional and reward income is ordinary income at fair market value when received. Robinhood issues a 1099-MISC if you received $600 or more; smaller amounts are still taxable and go on Schedule 1 as Other Income.

What happens if I don't report my Robinhood 1099-DA?

The IRS receives the same form and runs automated matching. If your return doesn't account for the reported proceeds, expect a CP2000 notice proposing additional tax, interest, and penalties. Report the form even if you disagree with its numbers — you correct the basis on Form 8949, not by omitting the form.

Can I import Robinhood tax forms into TurboTax?

Yes. Your consolidated 1099 PDF includes a document ID on the cover page that you can use to import your forms directly into tax software such as TurboTax and H&R Block, covering Robinhood Securities, Crypto, Derivatives, and Money in one file.

Is moving crypto from Robinhood to my own wallet taxable?

No. Transferring crypto between your own accounts and wallets is not a taxable event. However, keep records of the transfer — outbound transfers can appear in broker reporting, and you'll need your original cost basis when you eventually sell from the receiving wallet.

Bottom line for Robinhood users

Robinhood's dual nature defines its taxes: the stock side is easy (mature 1099-B, complete basis), and the crypto side needs care (new 1099-DA, proceeds-only for 2025, zero-basis risk on transfers). The IRS sees both sides of your account, so your return must line up across the 1099-B, 1099-DA, and any 1099-MISC. Trust the stock form, verify the crypto form against your CSV, fix missing basis on Form 8949, remember wash-sale applies to your stocks but not your crypto, and answer the digital-asset question truthfully. Use the calculator below for a quick estimate of your 2026 crypto tax, and consult a CPA if you transferred coins in or out of Robinhood with messy records.