How to import your 1099 to TurboTax
You can use TurboTax Premier or TurboTax Premier Live to automatically import your transaction history directly into their software. Remember to use this link so you can claim a $15 discount on your federal tax filing.
If you have a tax refund coming your way, you can set it up to go directly into your Robinhood spending account.
For the 2022 tax year, your Consolidated 1099s for Robinhood Securities, Robinhood Crypto, and Robinhood Money will be combined into a single PDF from Robinhood Markets, Inc.
When filing your taxes with your Consolidated 1099, make sure to:
Here’s an example of where you can find the master account number and document ID:
Import limits are dependent on the tax filing software you're using. If you have more than 10,000 total transactions or more than 4,000 uncovered transactions (e.g., crypto), reach out to TurboTax for help importing.
If you’re eligible for a refund, here’s what you need to set up direct deposit at the end of the tax filing process:
Tax refunds are dependent on IRS and state government processing times. For federal refunds, check the status of your refund through the IRS. For state refunds, refer directly to your state’s website.
Here are some common reasons for why your file may not import correctly:
Reach out to TurboTax directly for further questions on importing your 1099s.
For Robinhood Retirement, if applicable, your Form 1099-R will be available by January 31, 2023 and your Form 5498 will be available by May 31, 2023. For reporting your 1099-R reportable transactions in your tax filing with TurboTax, make sure to select Robinhood Retirement when selecting your financial institutions.
All investments involve risk and loss of principal is possible.
TurboTax is not an affiliate of Robinhood Markets, Inc. (“Robinhood”) or any of its subsidiaries. Robinhood makes no representations as to the accuracy or validity of TurboTax products.
Robinhood does not provide tax advice. For specific questions, you should consult a tax professional.
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