What are the tax implications of Robinhood delaying the release of 1099 for cryptocurrency trades?

1 answers

• May 15, 2022 · 3 years ago
  As an expert in the cryptocurrency industry, I understand the frustration caused by Robinhood's delay in releasing the 1099 forms for cryptocurrency trades. However, it's important to note that this delay is not unique to Robinhood. Many other cryptocurrency exchanges also experience delays in providing tax-related documents. While the delay can be inconvenient, it is crucial for individuals to accurately report their cryptocurrency gains or losses to comply with tax regulations. If you are affected by this delay, I recommend keeping detailed records of your trades and consulting with a tax professional to ensure proper reporting.
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