How to import your 1099 to a tax provider | Robinhood

How to import your 1099 to a tax provider

For this tax year, you can import your Consolidated Form 1099 into common online tax providers, such as TurboTax and H&R Block.

Robinhood Markets Consolidated Form 1099

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

Import your 1099

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 your master account number and document ID:

Tax cover letter example

Note

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 your tax provider for help importing.

My consolidated 1099 form file won’t import correctly

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 your tax provider for help importing.

Reach out to your tax provider directly for further questions on importing your 1099s.

How do I file for Robinhood Retirement and my 1099-R?

For Robinhood Retirement, if applicable, your Form 1099-R will be available by January 31, 2024 and your Form 5498 will be available by May 31, 2024. For reporting your 1099-R reportable transactions in your tax filing with TurboTax, make sure to select Robinhood Retirement when selecting your financial institutions.

Disclosures

All investments involve risk and loss of principal is possible.

TurboTax isn't 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 doesn't provide tax advice. For specific questions, you should consult a tax professional.

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Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

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RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

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All investing involves risk.

Brokerage services are offered through Robinhood Financial LLC, (“RHF”) a registered broker-dealer (member SIPC) and clearing services through Robinhood Securities, LLC, (“RHS”) a registered broker dealer (member SIPC). Cryptocurrency services are offered through Robinhood Crypto, LLC (“RHC”) (NMLS ID: 1702840). Review a list of RHC licenses for more information.The Robinhood Money spending account is offered through Robinhood Money, LLC (“RHY”) (NMLS ID: 1990968), a licensed money transmitter. Review a list of our licenses for more information. Credit card products are offered by Robinhood Credit, Inc. ("RCT") (NMLS ID: 1781911 and issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc.

The Robinhood Cash Card is a prepaid card issued by Sutton Bank, Member FDIC, pursuant to a license from Mastercard® International Incorporated. Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.

RHF, RHY, RHC, RCT, and RHS are affiliated entities and wholly owned subsidiaries of Robinhood Markets, Inc. RHF, RHY, RHC, RCT, and RHS are not banks. Products offered by RHF are not FDIC insured and involve risk, including possible loss of principal. RHC isn’t a member of FINRA and accounts are not FDIC insured or protected by SIPC.

RHY is not a member of FINRA, and products are not subject to SIPC protection, but funds held in the Robinhood spending account and Robinhood Cash Card account may be eligible for FDIC pass-through insurance (review the Robinhood Cash Card Agreement and the Robinhood Spending Account Agreement).

Options trading entails significant risk and is not appropriate for all customers. Customers must read and understand the Characteristics and Risks of Standardized Options before engaging in any options trading strategies. Options transactions are often complex and may involve the potential of losing the entire investment in a relatively short period of time. Certain complex options strategies carry additional risk, including the potential for losses that may exceed the original investment amount.

Commission-free trading of stocks, ETFs and options refers to $0 commissions for Robinhood Financial self-directed individual cash or margin brokerage accounts that trade U.S. listed securities and certain OTC securities electronically. Keep in mind, other fees such as trading (non-commission) fees, Gold subscription fees, wire transfer fees, and paper statement fees may apply to your brokerage account. Please see Robinhood Financial's Fee Schedule to learn more.

Robinhood, 85 Willow Road, Menlo Park, CA 94025.© 2024 Robinhood. All rights reserved.