How to import Robinhood's 1099 form into TurboTax correctly
The process of uploading a Robinhood tax form into TurboTax will depend on whether you’re reporting securities transactions or crypto trades. The IRS treats stocks, options, and ETFs as securities, while it treats cryptos as property.
To import Robinhood's crypto 1099 form, go to “Wages and Income” and select “Cryptocurrency.” Confirm the selection and choose Robinhood as the broker name. Upload the CSV file that Robinhood provided alongside the 1099 form to the software.
FYI ... in your robinhood account (under account > statements > tax docs ) you can and should download a PDF of the tax forms for your records. AND all imported information needs to be reviewed for accuracy BEFORE you file ... they program doesn't guarantee that the imported information will be correct since it involves a third party ... this is why a copy of the 1099 form is good to have on hand.