How to Upload Your Form 1099 to TurboTax

We’re excited to support Intuit TurboTax this tax season. You can use TurboTax Premier to import your trade history directly into their software. TurboTax is the only tax software we support at this time.

You can claim a discount of up to $20 and begin filing by following this link: http://turbotax.intuit.com/affiliate/robinh2.*

Why did I receive multiple tax documents?

Depending on the dates of your trading activity last year, you may receive more than one Form 1099 from Robinhood. If you traded cryptocurrencies last year, you may also receive an additional Form 1099 from Robinhood Crypto, LLC. Here is how to know which forms you will receive:

  • Apex IRS Form 1099: If you had a taxable event (for example, you sold equities or options, received a referral stock, or received dividends) last year from our former clearing partner, Apex Clearing Corp (“Apex”), you will receive a Form 1099.

  • Robinhood Securities IRS Form 1099: If you had a taxable event last year, you will receive a Form 1099 from Robinhood Securities, LLC, our in-house clearing platform.

  • Robinhood Crypto IRS Form 1099: If you sold cryptocurrencies last year, you will receive separate PDF and CSV files of your Form 1099 from Robinhood Crypto, LLC for crypto activity in 2020.

  • Corrected Forms: If you received an updated or amended Form 1099 tax document, please make sure that you’ve filed your taxes in accordance with this updated information.This may require re-filing your taxes.

Note

Please update to the latest version of the app for 2020 tax season. We made changes to the app to improve the tax experience and we don’t want you to miss out on them.

How to know which form is which

The best way to see which entity issued your tax documents is to check the top, left corner on the first page of your tax document.

Apex IRS Form 1099: This form will say Apex Clearing in the top, left corner of the first page.

Robinhood Securities IRS Form 1099: This form will say Robinhood Securities LLC in the top, left corner of the first page.

Robinhood Crypto IRS Form 1099: This form will say Robinhood Crypto LLC in the top, left corner of the first page, and the first page will be mostly blank.

Importing Trade History to TurboTax

The import experience will be slightly different for each type of 1099, mentioned in the above article. We will take you step-by-step for each tax document type here.

Apex Clearing Form 1099

  1. After logging into TurboTax, navigate to the screen to start filling out the information for “Stocks, Mutual Funds, Bonds, Other.”
  2. During the process of filling out your 1099 form, you will be prompted to enter your bank name in a search bar.
  3. Type “Apex” in the search bar and choose the Apex Clearing Corp company.
  4. On the next screen, you will see fields to enter your Apex User ID and Apex password.
  5. Apex User ID: the account number is on your Form 1099 document, which is an 8 digit alphanumeric number that starts with a 5, for example 5PY00000. You can find it in the top, middle of your tax document.
  6. Apex Password: This is your SSN.
  • Note: This form should say “Apex Clearing” in the top left corner of the form. If it says “Robinhood Securities LLC” in the top left corner, see the directions below.
  1. You can directly import up to 1,500 transactions this way.

Robinhood Securities Form 1099

  1. After logging into TurboTax, navigate to the screen to start filling out the information for “Stocks, Mutual Funds, Bonds, Other.”
  2. During this process, you will be prompted to enter your bank name in a search bar.
  3. Type “Robinhood” in the search bar and choose the Robinhood - Robinhood Securities option.
  4. On the next screen, enter your account number and your Document ID.
  5. Account number: Your account number is a 9 digit number found in the top, middle of your Form 1099. Like, “Account 123456789.”
  6. Document ID: This can be found in the top right of your Form 1099, under the Statement Date. This is an 11 digit alphanumeric ID. Like, “11AA 11A AAAA.” Enter this number without the spaces.
  • Note: This form should say “Robinhood Securities LLC” in the top left corner of the form. If it says “Apex Clearing” in the top left corner, see the directions above.
  1. This method will let you import all your relevant 1099s for Robinhood Securities (like, 1099-B, 1099-DIV, 1099-INT), which means you won’t need to do separate imports for each form in the consolidated Form 1099 from Robinhood Securities.
  2. You can directly import up to 1,500 transactions this way.

Robinhood Crypto Form 1099

  1. After logging into TurboTax, click on Investment Income dropdown, then navigate to the screen to start filling out the information for “Cryptocurrency.”
  2. On the next screen, choose the option that lets you import your crypto transactions via a CSV file.
  3. On the next screen, choose the tile that says Robinhood. Click “Continue.”
  4. Drag and drop that CSV file into the next screen (or browse your computer for it and upload it). If you received a Robinhood Crypto 1099, Robinhood also provided a CSV file with your cryptocurrency transactions.
  5. Double check that all of your transactions imported correctly, including the proceeds and cost basis.
  6. Continue through the rest of the process to finish submitting your cryptocurrency income.
  7. You can directly import up to 2,250 transactions this way.

I executed a lot of trades. Can I still use TurboTax?

TurboTax supports Robinhood customers with extensive trading history, however, if you made 1,500 or more equity and options trades or 2,250 or more cryptocurrency trades in the filing year, you may experience difficulty uploading your tax forms directly into TurboTax. You can upload your transaction history by following their instructions here.

How do I get my TurboTax discount?

You can claim a discount of up to $20 and begin filing by following this link: http://turbotax.intuit.com/affiliate/robinh2.*

*Robinhood customers must redeem this offer at http://turbotax.intuit.com/affiliate/robinh2 to receive a discount of up to $20 for TurboTax federal products.  This offer is available to Robinhood customers filing 2020 tax returns through the TurboTax Affiliate Program and cannot be combined with any other discount or offer.  The offer is subject to all TurboTax offer terms and conditions and is subject to change without notice.

Reference No. 1391913
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