The full guide
Not tax advice. This page summarizes IRS instructions and Robinhood’s own help pages as of September 30, 2026. Robinhood may change its process before forms go out. Check with a tax professional for your situation.
Short version: Robinhood Crypto sends a Form 1099-DA for crypto sales and a 1099-MISC for rewards of $600 or more. Crypto you transferred into Robinhood arrives with no cost basis, and Robinhood closes those zero-basis lots first, before its normal first-in-first-out order. So even if you also bought coins on Robinhood, the first sales after a transfer-in can show blank or zero basis on your 1099-DA until you add the real purchase details.
What Robinhood sends you
| Form | What it covers | Source |
|---|---|---|
| 1099-DA | Crypto sales and other disposals on Robinhood Crypto | Robinhood: Crypto tax FAQ |
| 1099-MISC | Crypto rewards of $600 or more | Robinhood: How to read your 1099-DA |
Robinhood’s year-end cutoff for crypto trades is 11:59 PM UTC (6:59 PM ET) on December 31 (Robinhood FAQ). A trade at 8 PM ET on New Year’s Eve counts in the next tax year.
2025 vs 2026 on Robinhood
| Tax year | Reported to the IRS | Reported to you |
|---|---|---|
| 2025 | Gross proceeds only | Gross proceeds and cost basis “where available” |
| 2026 | Gross proceeds and cost basis | Same. Robinhood adds: “Cost basis reporting will include transfers of crypto assets.” |
Source: Robinhood: How to read your 1099-DA. Robinhood doesn’t explain that last sentence further. Under IRS rules, crypto transferred into a broker is a noncovered asset, and the broker doesn’t have to report its basis (IRS, Instructions for Form 1099-DA (2026)). Don’t assume a transfer-in will carry basis unless you entered it.
Why your Robinhood basis may be blank (or $0)
- Transfers in carry no basis. For crypto transferred from other providers, “we won’t have the cost basis because this information isn’t sent when transferring crypto” (Robinhood FAQ).
- Zero-basis lots go first. Robinhood closes lots FIFO, “either through sales or withdrawals,” with one exception: “tax lots with an unknown or zero (0) cost basis will be closed first before applying the FIFO methodology” (Robinhood FAQ). Withdrawals also close lots, so moving coins out changes which lots your later sales use.
- Stablecoins. Robinhood reports qualifying stablecoin sales on an aggregated basis, only once your total stablecoin proceeds pass $10,000 (Robinhood). Smaller totals may not appear at all, but they’re still reportable by you.
How to add missing basis inside Robinhood
Robinhood’s steps: select the deposit, then Cost basis > View details > Add cost basis, enter the purchase date, coin quantity and total cost, and save (Robinhood FAQ). For crypto sold in 2025 the cutoff was January 14, 2026, and Robinhood warned that “updates made after January 7 may delay your tax forms.” It hasn’t published the tax-year-2026 cutoff yet; expect a similar mid-January date and add details well before year-end.
When you enter basis for transferred crypto, “all tax lots for that crypto will be marked as ‘customer-provided’” (Robinhood). On the 1099-DA that corresponds to box 8, “broker relied on customer-provided acquisition information” (IRS i1099da). “In instances where we don’t have the cost basis, it’s your responsibility to calculate and report the proper cost basis on your tax return” (Robinhood FAQ).
Getting your Robinhood crypto history
This is harder than on most exchanges:
- Robinhood’s account activity report (CSV) does not include crypto: “Your futures, crypto, and spending account activity aren’t included in these reports” (Robinhood: Finding your reports and statements).
- Your 1099-DA and 1099-MISC are in the app’s tax documents.
- CoinTracker’s guide says you can request
crypto_account_ordersandcrypto_account_transfersCSV files from Robinhood Support (CoinTracker). We haven’t confirmed that on a Robinhood page. The column names those files use are tracked by the open-source BittyTax Robinhood parser (orders:UUID, Time Entered, Symbol, Side, Quantity, State, ...; transfers:id, created_at, currency_code, transfer_type, amount, network_fee, ...). - Robinhood also offers a realized gain/loss report through chat support (Robinhood). The page doesn’t say whether it covers crypto.
Request the files early. And export full history from wherever your transferred coins came from: that’s where their basis lives.
Reconciling Robinhood’s 1099-DA to Form 8949
Form 8949 has digital-asset boxes (IRS, Instructions for Form 8949):
| Your 1099-DA row | Held 1 year or less | Held more than 1 year | Column (e), basis |
|---|---|---|---|
| Basis reported to the IRS (box 2 checked) | G | J | The basis shown. Corrections go in (g) with code B |
| Basis blank, $0, or not reported (usually box 9 checked) | H | K | Your correct basis |
| No 1099-DA for the sale | I | L | Your correct basis |
Column (d) is the proceeds shown on the form, already net of transaction costs (IRS i1099da, box 1f). For a noncovered sale with no basis shown, the 8949 instructions say to “enter the correct basis of the property in column (e)” (IRS i8949). An acquisition date shown as “Various” means one sale combined several purchases; on Form 8949 you may write VARIOUS in column (b), but short-term and long-term parts still go on separate parts (IRS i8949).
Worked example (illustrative numbers)
- Jun 1, 2024: buy 0.02 BTC on another exchange for $1,400.
- Jan 5, 2026: buy 0.02 BTC on Robinhood for $1,800.
- Feb 1, 2026: transfer the 2024 coins (0.02 BTC) into Robinhood. Robinhood records them with no basis.
- May 1, 2026: sell 0.02 BTC on Robinhood. Proceeds after costs: $2,000.
Robinhood closes the zero-basis lot first, so the sale uses the transferred coins, not January’s purchase. The 1099-DA row is noncovered with basis blank or $0. Your records show those coins were bought Jun 1, 2024, so the sale is long-term: box K, column (d) $2,000, column (e) $1,400, gain $600. Filed with $0 basis, the gain would be $2,000: $1,400 of tax-free basis lost. The January coins stay in your account with their $1,800 basis.
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Sources (checked 2026-09-30; IRS and Robinhood crypto tax FAQ re-checked 2026-10-01)
- IRS, Instructions for Form 1099-DA (2026), revised Apr 30, 2026: https://www.irs.gov/instructions/i1099da
- IRS, Instructions for Form 8949 (2025): https://www.irs.gov/instructions/i8949
- Robinhood, “Crypto tax FAQ”: https://robinhood.com/us/en/support/articles/crypto-tax-FAQ
- Robinhood, “How to read your 1099-DA”: https://robinhood.com/us/en/support/articles/how-to-read-your-1099-DA
- Robinhood, “Finding your reports and statements”: https://robinhood.com/us/en/support/articles/finding-your-reports-and-statements/
- CoinTracker, Robinhood integration guide: https://www.cointracker.com/integrations/robinhood
- BittyTax Robinhood parser (CSV column names; commit of Sep 15, 2026): https://github.com/BittyTax/BittyTax/blob/master/src/bittytax/conv/parsers/robinhood.py
- Koinly pricing: https://koinly.io/pricing/