Taxes and forms
Here’s what you can expect from us for this year’s tax season:
For answers to some of the most frequently asked questions about tax documents, how to access them, and about taxes relating to crypto trading, check out Tax documents FAQ and Crypto tax FAQ.
Tax day is April 15, 2025 for the 2024 tax year, and the following 2024 tax forms will be available by the corresponding due dates. Keep in mind, you won’t get one or more of these tax forms if your account activity doesn’t need to be reported per IRS rules.
2024 tax forms | Due dates in 2025 |
Form 1099-R | January 31 |
Consolidated 1099 from Robinhood Markets, Inc. (including Form 1099-B with Section 1256) | February 18 |
Form 480.6 series | March 7 |
Form 1042-S | March 17 |
Form 5498 | May 31 |
Form 2439 | Varies |
Form 1099 (aka as a Composite 1099 or a Consolidated 1099) shows your tax information, such as the amount of money you received throughout the year from selling crypto and/or securities (including any realized losses that violated the IRS wash sale rule, if applicable), Dividends, Interest and Miscellaneous income.
Review How to read your 1099 and the following FAQ for more details.
Form 1099-B shows gain and loss data from selling securities. It aggregates information for the same security based on key criteria, where applicable. For more details, check out How to read your 1099-B.
Section 1256 on Form 1099-B is also known as the “Annual Report of Net Gain or Loss From Section 1256 Contracts.” This section is used by the IRS to report gains or losses from certain types of investments, including regulated futures contracts and non-equity options. These contracts are typically subject to what is also known as "mark-to-market" rules, which mean they’re treated as if they were sold at fair market value on the last business day of the tax year. As a result, any gains or losses are recognized for tax purposes, even if the contract is not actually sold.
Form 1099-C is filed for a debtor who owed $600 or more of a debt that was canceled. Check out IRS Form 1099-C for details.
Form 1099-R is required by the IRS for reportable distributions from one or more individual retirement accounts (IRAs), such as with Robinhood. This includes early distributions, even when it involves removing contributions from a Roth IRA.
Form 5498 is required by the IRS for reportable contributions and reporting of the IRA Year End Fair Market Value. You’ll also receive a Form 5498 if you completed a Roth conversion or Rollover contributions during the tax year. If no contributions take place during the tax year, Robinhood will use the year end statement value for the 5498 filing with the IRS and you won’t receive a Form 5498 in this case.
Form 1042-S is an IRS tax form that is used to report US-sourced (payments from US companies) income paid out to non-US persons. These payments may be subject to NRA (nonresident alien) withholding. If you’re certified as a non-US person for tax purposes and receive US-sourced income, you may get a 1042-S. The Form 1042-S does not generally include gross proceeds or cost basis information.
You’ll get a series of Form 480.6 if you receive dividends, interest, gross proceeds, or other reportable payments from a company domiciled in Puerto Rico during this tax year, or you were a resident of Puerto Rico this year for tax purposes.
Form 2439 is a notice to shareholders of undistributed long-term capital gains. You might get a Form 2439 if you owned shares in a specific Mutual Fund or Real Estate Investment Trust (REIT).
We don’t provide customers with Schedule K-1 forms. If you own shares in a limited partnership or trust, they'll provide the K-1 form for you. You can get your K-1 forms at taxpackagesupport.com, partnerdatalink.com, or through the applicable partnership websites.
Robinhood doesn't provide tax advice. For specific questions, consult a tax professional.
Robinhood isn’t affiliated with and doesn’t endorse the listed third-party services, applications, or their respective sponsors. Robinhood isn’t responsible for the content of any third-party service or the collection or use of information by the third-party service regarding their customers or members.
If you have questions about using a third-party service that isn’t related to a login notification from Robinhood, contact the service company’s support team.