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  • Nick Burgess

When Does Robinhood Send My Tax Forms?

Updated: Mar 28, 2023

The following article is for entertainment and educational purposes only, and should not be considered financial advice. Please seek a licensed financial professional for any individual advice. Some links below may be affiliate links in which the site generates a small commission at no cost to you.


Despite my best efforts, Millennials and Gen-Z are still using the Robinhood app to jump into the stock market. And, as a popular investment app that offers free stock trading, Inherently, appealing to younger investors will invite a level of forgetfulness and "wait...I have to pay taxes?" So, while investing in stocks and mutual funds can be exciting, it's important to remember that investment activity in a traditional brokerage account (which is essentially every Robinhood account assuming you didn't sign up for their new retirement plan) is taxable.

a person doing their taxes

This means that Robinhood users should be aware of the tax implications of their trades and understand when and how Robinhood will provide tax information for tax purposes. Before we dive in here, however, it is critical that you consult with a professional. The world of tax law can be incredibly confusing, especially for those that have been engaging in the riskier investment behaviors of options trading, crypto trading and excessive stock sale activity. A licensed accountant can understand these forms better than anyone and give you a sense of your tax rates, as well as how aggressively the Internal Revenue Service might track you down.

What Is a Taxable Event?

One of the most important things for Robinhood users to understand is that selling stocks, mutual funds, or other investments can trigger a taxable event. This means that the investor will owe taxes on the gains that they have made from the investment. The amount of taxes owed will depend on a number of factors, including the investor's tax bracket and the length of time that the investment was held.

When it comes to tax information, Robinhood will provide users with various forms and documents throughout the year. However, the most important documents for your tax year comes to you before January 31 of the following year, called "1099 Forms." Robinhood will issue 1099 forms to users that report their investment income for tax purposes. Depending on the type of investment, users may receive a 1099-DIV form for dividends, a 1099-B form for stock sales, or a 1099-R form for distributions from individual retirement accounts (IRAs).

How To Access Your Tax Documents In Robinhood

Users can access their tax documents on the Robinhood platform by clicking on the account icon and selecting "Tax Documents." Robinhood will also send users an email notification when their tax documents are available. If you don't see your tax documents in your account, you should contact Robinhood customer support for assistance. It's important to note that while Robinhood will provide users with tax information, it's up to the user to accurately report their investment income on their individual tax return.

A Primer on Investment Taxes

If you're not sure how to report your investment income, you may want to consult a tax professional or use tax software to help you prepare your taxes.When it comes to tax rules, it's important to understand the difference between long-term capital gains and short-term capital gains. Long-term capital gains are gains from investments that were held for more than one year, while short-term capital gains are gains from investments that were held for one year or less.

Long-term gains are typically taxed at a lower rate than short-term gains, so it's important to consider the tax consequences of holding an investment for a longer period of time.

Another important tax rule to understand is the wash sale rule. This rule states that if you sell a stock at a loss and then purchase the same or a substantially similar stock within 30 days, the loss cannot be deducted on your taxes. This rule is designed to prevent investors from using losses to offset gains in the same tax year.

It's important for Robinhood users to understand how their investments will affect their tax bill. For example, if you have a lot of investment income, you may be in a higher tax bracket, which means you'll owe more in taxes. On the other hand, if you have a lot of deductions or losses, you may be in a lower tax bracket, which means you'll owe less in taxes.

Another common misconception is that Robinhood users don't need to worry about taxes because they don't pay brokerage fees. While it's true that Robinhood doesn't charge commission fees for trades, users are still responsible for paying taxes on their investment income.

Cryptocurrency Taxes

Another thing to keep in mind is that Robinhood allows its users to trade cryptocurrency. Ah yes, even the Wild West of investing is taxable.

If you traded cryptocurrency on Robinhood, you may receive a Form 1099-B. The 1099-B form will show the proceeds from the cryptocurrency trades you made on the platform. It's worth noting that the tax rules surrounding cryptocurrency can be complex and confusing, and they are constantly changing. If you have traded cryptocurrency on Robinhood, it may be wise to seek the help of a tax professional to ensure that you are complying with all relevant tax laws and regulations.In addition to the tax documents mentioned above,


Overall, Robinhood is a popular investment app that offers users the ability to trade stocks, ETFs, options, and cryptocurrency. However, as with any investment platform, it's important to be aware of the tax consequences of your trades.By keeping careful records of your trades, consulting with a tax professional, and using tax software if necessary, you can help ensure that you are complying with all relevant tax rules and regulations, and that you are minimizing your tax bill as much as possible.In conclusion, Robinhood sends tax forms to its users by the end of the following January to help them calculate their tax bill, or to hand off to H&R Block so they can laugh at your 750 trades to make $9 in total profit.

The tax forms will vary depending on the types of investments made on the platform, but may include 1099-B, 1099-DIV, and 1099-INT forms. Robinhood users who have traded cryptocurrency on the platform may also receive a 1099-B form for those trades.It's important for Robinhood users to be aware of the tax consequences of their trades and to keep careful records of their trades throughout the year. Consulting with a tax professional and using tax software if necessary can help ensure that Robinhood users are in compliance with all relevant tax rules and regulations and that they are minimizing their tax bill as much as possible.


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