Crypto tax lots are records of when you acquired specific units of a crypto. Each purchase or transfer into your Robinhood Crypto account creates a tax lot. This record includes important details like the acquisition date, cost per unit (also known as the tax cost basis per unit), and the quantity of the crypto acquired.

When you initiate a sell order for a crypto in the Robinhood app, you may see an option to select Tax lots.

1. Look for the Tax lots option at the top right of the screen.
2. From there, you can view your available tax lots for that specific crypto.
3. For each tax lot, you’ll typically see the following information:

• Date: The date you obtained the crypto. For crypto transferred into Robinhood, this will be the date it was deposited into your Robinhood Crypto account.
• Quantity: The amount of crypto in that specific lot.
• Cost per unit: How much you paid for each unit of crypto in that lot (the tax cost basis per unit). For crypto transferred into Robinhood, the cost basis may be (N/A) because Robinhood may not have this information from the outside platform.
• Gain/loss: An estimated gain or loss for that lot based on the current bid price. If the cost basis is missing, the estimated gain/loss for that lot will also be unknown (N/A).
• Term (short/long): An indication of whether the lot is considered short-term (held for 1 year or less) or long-term (held for more than 1 year) for tax purposes.

4. You can sort the list of tax lots based on different criteria such as date (oldest or newest), cost (highest or lowest), or gain/loss to help you find the lots you want to sell.
5. Next to each tax lot, you can enter the quantity of units you wish to sell from that specific lot. You can choose to sell the entire lot or a portion of it.
6. As you select the lots and quantities, you’ll see a running total of the quantity selected, the estimated credit, and the estimated gains or losses for the trade.
7. Once you’ve selected the desired tax lots, you can Review and swipe to submit your sell order.
8. On the order review screen, you can review a breakdown of the selected lots.
9. After the order is filled, you can view the details of the lots sold on the order details screen.

• Cost per share/unit is the original price you paid for an individual unit of crypto.
• Gains and losses shown are estimates based on the current bid price (or conditional price you set) subtracted by your cost per unit, multiplied by the number of units you’re selling.

• No strategy recommendations: Robinhood won’t provide advice or recommendations on which specific tax lots you should select.
• No custom lot selection for withdrawals: The initial version of this feature will only apply to sell orders.
• No manual cost basis updates: Currently, Robinhood doesn’t allow customers to manually update the cost basis of crypto deposited into their accounts.

• Data for tax reporting: The gain or loss and cost per unit information displayed within the app are estimates and shouldn’t be used for tax reporting purposes. When filing your taxes, always use your official end-of-year tax forms provided by Robinhood. Robinhood doesn’t provide tax advice. For questions about your specific tax situation, consult with a qualified tax professional.
• Missing cost basis data: Sometimes when you transfer crypto into your Robinhood account from an outside platform or wallet, Robinhood may not receive the original cost basis information. In such cases, the cost per unit may be displayed as N/A or - and the estimated gain or loss won’t be available for those lots. You may need to contact your previous platform to obtain this missing information for your tax records.

Content is provided for informational purposes only, which does not constitute investment advice, and is not a recommendation for any security or trading strategy.

Robinhood doesn’t give tax advice. For questions about your specific tax situation, consult with a tax professional.