How to Do Your Robinhood Taxes

How To Do Your Robinhood Taxes

CoinLedger imports Robinhood data for easy tax reporting. Create the appropriate tax forms to submit to your tax authority.

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Robinhood Tax Reporting

You can generate your gains, losses, and income tax reports from your Robinhood investing activity by connecting your account with CoinLedger. Connect your account by importing your data through the method discussed below.

Robinhood exports a complete Transaction History file to all users. Simply navigate to your Robinhood account and download your transaction history from the platform.
Import your transaction history directly into CoinLedger. Import the file as is. No manual work is required!
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Robinhood Tax Reporting

Robinhood supports importing data via read-only API. This allows automatic import capability so no manual work is required.
Connect CoinLedger to your Robinhood account with the read-only API.
Let CoinLedger import your data and automatically generate your gains, losses, and income tax reports.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Robinhood Tax Reporting

You can generate your gains, losses, and income tax reports from your Robinhood investing activity by connecting your account with CoinLedger. There are a couple different ways to connect your account and import your data:

Automatically sync your Robinhood account with CoinLedger via read-only API. This allows your transactions to be imported with the click of a button.
Upload your Robinhood Transaction History CSV file to CoinLedger. You can download your Transaction History CSV directly from Robinhood and import it into CoinLedger

Both methods will enable you to import your transaction history and generate your necessary crypto tax forms in minutes. File these forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

Robinhood Tax Reporting

Automatically sync your Robinhood account with CoinLedger by entering your public wallet address. This allows your transactions to be read in directly from the blockchain.
Upload a Robinhood Transaction History CSV file to CoinLedger

Robinhood Tax Reporting

Navigate to your Robinhood account and find the option for downloading your complete transaction history.
Import your transaction history directly into CoinLedger by mapping the data into the preferred CSV file format.
CoinLedger automatically generates your gains, losses, and income tax reports based on this data.

File these crypto tax forms yourself, send them to your tax professional, or import them into your preferred tax filing software like TurboTax or TaxAct.

How Cryptocurrency Taxes Work

Cryptocurrencies like bitcoin are treated as property by many governments around the world—including the U.S. Other forms of property that you may be familiar with include stocks, bonds, and real-estate.

Just like these other forms of property, cryptocurrencies are subject to capital gains and losses rules, and you need to report your gains, losses, and income generated from your crypto investments on your taxes.

For a complete and in-depth overview, please refer to our Complete Guide to Cryptocurrency Taxes.

How To Do Your Crypto Taxes

To do your cryptocurrency taxes, you need to calculate your gains, losses, and income from your cryptocurrency investments in your home fiat currency (e.g. US Dollar, Australian Dollar, etc.).

Once you have your calculations, you can fill out the necessary tax forms required by your country. If you are in the United States, you can learn which forms you need to fill out with our blog post: How to Report Cryptocurrency On Your Taxes.

Why Can't Robinhood Generate My Tax Forms?

Many cryptocurrency investors use additional exchanges, wallets, and platforms outside of Robinhood. Perhaps you also trade on Coinbase or earn interest from BlockFi. The trouble with Robinhood's reporting is that it only extends as far as the Robinhood platform. If you use additional cryptocurrency wallets, exchanges, DeFi protocols, or other platforms outside of Robinhood, Robinhood can't provide complete gains, losses, and income tax information.

How Does Cryptocurrency Tax Software Help?

By integrating with all of your cryptocurrency platforms and consolidating your crypto data, CoinLedger’s cryptocurrency tax software and crypto portfolio tracker are able to track your profits, losses, income, and generate accurate tax reports in a matter of minutes.

You can test out the software and generate a preview of your gains and losses completely for free by creating an account.

Learn more about how CoinLedger works here.

Whether you file by hand or use crypto tax software, doing your Robinhood taxes comes down to four steps:

Gather your full Robinhood crypto transaction history: every buy, sell, trade, deposit, and withdrawal.
Sort your transfers. Moving crypto between your own wallets is not taxable, but crypto that comes in as income (like staking or rewards) is.
Calculate your capital gain or loss on each disposal, plus the value of any crypto income at the time you received it.
Report it on the right forms. In the US, capital gains go on Form 8949 and Schedule D, and crypto income goes on Schedule 1. These forms get included with your full tax return. Other countries have their own equivalents.

For a detailed explainer on reporting crypto from any exchange, see our guide on how to report your cryptocurrency on your taxes.

For most people the hard part of doing your Robinhood taxes is steps 1 and 2. If you have ever moved crypto between Robinhood and another wallet or exchange, including Robinhood's own self-custody Robinhood Wallet, Robinhood can only see part of your history, so the totals it shows you can be incomplete.

That is where crypto tax software comes in. CoinLedger connects Robinhood to every other wallet and exchange you have used, reconstructs your full history, and generates your tax forms automatically. More than 700,000 investors use it to file in minutes. Get started with a free account today, or keep reading to do it yourself.

Do you have to pay taxes on Robinhood?

Yes. In the US and most other countries, your Robinhood crypto activity is subject to two kinds of tax:

Capital gains tax. When you dispose of cryptocurrency (selling it, trading one coin for another, or spending it), you recognize a capital gain or loss based on how the price changed since you received it.
Income tax. When you earn cryptocurrency (through staking or rewards), you recognize ordinary income equal to its fair market value at the time you received it.

For a full breakdown, read our complete guide to cryptocurrency taxes.

What tax forms does Robinhood provide?

For the 2025 tax year, Robinhood issues:

Form 1099-DA for your crypto sales and disposals. This is new: starting with 2025, your crypto moves off Form 1099-B and onto Form 1099-DA, which reports your gross proceeds (the total you sold for), not your gain or loss. Cost basis reporting begins for assets acquired on or after January 1, 2026.
Form 1099-MISC if you earned $600 or more in crypto rewards.
Form 1099-B still covers your stocks and other securities, not your crypto.

Robinhood sends copies of these forms to the IRS. Two things to know: Robinhood combines your crypto sales by day on the 1099-DA, and it only knows the cost basis of crypto you actually bought on Robinhood, so the form is a starting point, not a complete tax report (see below).

Does Robinhood report to the IRS?

Yes. Robinhood reports to the IRS through the 1099 forms above, filing an identical copy of each with the IRS. If you leave income off your return that Robinhood reported, you may receive a CP2000 notice.

Remember, you owe tax on your Robinhood gains and income whether or not you receive a form.

Why isn't my Robinhood tax report accurate?

Robinhood only has the cost basis of crypto you bought on Robinhood. If you moved crypto in from another wallet or exchange, including Robinhood's own self-custody Robinhood Wallet, Robinhood does not know what you originally paid, so your 1099-DA can show gross proceeds with missing or zero cost basis, which overstates your gain.

Example: why transfers break your cost basis

Ryan buys $1,000 of BTC on another exchange. He transfers it to Robinhood, then later sells it for $1,500 on Robinhood.

Robinhood only sees the $1,500 sale, not the $1,000 Ryan originally paid. Without his cost basis, Robinhood may report the full $1,500 as if it were all gain.

The fix is to bring every wallet and exchange into one place so your cost basis follows your crypto across platforms. That is exactly what crypto tax software like CoinLedger does.

How is Robinhood staking taxed?

Robinhood added ETH and SOL staking for US customers in 2025. Staking rewards are ordinary income at their fair market value when you receive them, and that value becomes your cost basis when you later sell. Robinhood takes a commission on staking rewards, and you are taxed on the reward you actually receive.

How to file your Robinhood taxes in minutes

With CoinLedger, you can import your complete Robinhood history and generate your crypto tax forms in a few minutes. There are two ways to connect: a read-only API key, and a transfers file for anything the API misses.

Option 1: API (read-only)

In CoinLedger, go to Add Account, choose the Robinhood tab, click Auto-Import, and click Generate to create a key. Copy the public key.
In Robinhood on desktop, go to Account, then Settings, then the Crypto tab, and find API Trading. Click Add Key, paste CoinLedger's public key, name the key, set all permissions to Read Only, and save. Robinhood shows a key starting with rh... Copy it.
Back in CoinLedger, paste the rh... key and click Sync Transactions.

Option 2: Transfers file

The API does not include deposits and withdrawals. If you moved crypto in or out of Robinhood, request your crypto_account_transfers file from Robinhood support and upload it to your Robinhood account in CoinLedger.

Robinhood Wallet (self-custody) is separate: add it by pasting your public wallet address so CoinLedger reads it on-chain. Full steps are in our Robinhood API import guide.

Once your transactions are in, CoinLedger matches your transfers, calculates your gains, losses, and income, and produces a complete tax report. You can file it yourself, hand it to your tax professional, or import it into TurboTax, TaxAct, or H&R Block.

Get started with CoinLedger today

Take the stress out of tax season. More than 700,000 investors around the world use CoinLedger to track their gains, losses, and income across all of their wallets and exchanges.