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.

• This combined PDF includes all the forms you need, where applicable, if you had a reportable event
• If you don’t have a reportable event, you won’t receive a Form 1099
• Certain tax forms aren’t included in this PDF, such as Form 1099-R (Robinhood Retirement) and Form 1042-S, which will be provided separately, if applicable

When filing your taxes with your Consolidated 1099, make sure to:

1. Select Robinhood Markets as the financial institution’s name
2. Enter your master account number and document ID accurately

• Your master account number is a 9-digit number at the top right of the cover page of your Consolidated 1099 PDF.
• Your document ID is an 11-digit alphanumeric ID found at top right of the cover page of your Consolidated 1099 PDF. Enter this ID without the spaces.

Here’s an example of where you can find the master account number and document ID:

You need to sign up for a Robinhood spending account with Early direct deposit turned On. This way, you’ll be able to get your tax refund deposited into your spending account up to 4 days early.

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:

• Bank name: Robinhood
• Account type: Checking
• Your spending account information

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.

Refunds may be available up to 4 days in advance of the settlement date if you set up a direct deposit for your Robinhood spending account with Early direct deposit turned On.

Here are some common reasons for why your file may not import correctly:

• Sometimes tax forms take additional time to load for auto-import into tax software. If your data is unavailable the first few days after your tax document is issued, try again after a week.
• The master account number or document ID were entered incorrectly. You can find both of these numbers at the top of your cover page, and they should be entered without spaces.
• 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.

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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