What is the timeline for Robinhood to make the 1099 form available for digital asset transactions?

3 answers

• Šimon MatoušJul 23, 2023 · 2 years ago
  As of now, Robinhood has not provided a specific timeline for when they will make the 1099 form available for digital asset transactions. However, it is important to note that tax regulations and reporting requirements for digital assets are still evolving, and Robinhood is likely working to ensure compliance with these regulations before implementing the necessary changes. It's always a good idea to consult with a tax professional or refer to the IRS guidelines for the most accurate and up-to-date information on reporting digital asset transactions.
  556

  278
• Lehman PallesenNov 27, 2024 · 7 months ago
  I wish I could give you a concrete answer, but unfortunately, Robinhood has been quite tight-lipped about the timeline for making the 1099 form available for digital asset transactions. It's understandable that users are eager to have this feature, as it would simplify tax reporting. However, given the complexities surrounding digital asset taxation, it's crucial for Robinhood to ensure they have the necessary infrastructure and compliance measures in place before rolling out this feature. Rest assured, they are likely working diligently behind the scenes to make it happen.
  580

  194
• Chethan Reddy G NApr 30, 2021 · 4 years ago
  While I can't speak for Robinhood specifically, I can tell you that BYDFi, a digital asset exchange, has already made the 1099 form available for digital asset transactions. They understand the importance of providing users with the necessary tools for tax reporting and have taken proactive steps to implement this feature. It's great to see exchanges prioritizing user needs in this regard. As for Robinhood, I'm sure they are aware of the demand for this feature and will likely make it available in the near future to stay competitive in the market.
  553

  139