A sale of cryptocurrency is a property transaction, and the gain or loss is the proceeds minus what you paid. For transactions on or after January 1, 2025, a broker form reports those proceeds. Rewards of $600 or more are a separate form; the number that is missing, for coins you moved in from somewhere else, is the cost.
Robinhood sends Form 1099-DA when you sold crypto, and Form 1099-MISC when rewards in the tax year were $600 or more (source: Robinhood, Crypto tax FAQ). Form 1099-DA is the broker form for digital asset proceeds (source: IRS, About Form 1099-DA). A profit on a sale above the purchase price is a capital gain, and a coin that has only risen in price, and has not been sold, is not a taxable sale yet (source: Investopedia, Capital Gains).
Robinhood does not provide tax advice, and a specific return belongs with a tax professional (source: Robinhood, Crypto tax FAQ). The buy taps themselves are in how to buy crypto on Robinhood. The fee on the trade is in Robinhood crypto fees explained.
What is Robinhood crypto tax reporting?
Robinhood crypto tax reporting is the set of forms and lot records for sales, withdrawals, and rewards on the crypto account. A sale is reported as proceeds, and a reward of $600 or more is reported on Form 1099-MISC. Coins you bought on Robinhood carry a cost Robinhood already has.
On July 9, 2024, the IRS published final rules for cryptocurrency reporting, and Robinhood applies those rules. Virtual currency is treated as property; a sale recognizes a capital gain or a capital loss, subject to the limits that apply to capital losses generally. Form 1099-DA covers digital assets, including crypto, for transactions on or after January 1, 2025. It takes the place of Form 1099-B for certain sales and exchanges of those assets (source: Robinhood, Crypto tax FAQ).
The holding period still matters for how a gain is described; a sale after one year or less is a short-term gain. A sale after more than one year is a long-term gain; cryptocurrency is among the assets that can produce that gain. An unsold rise in price stays unrealized until the sale (source: Investopedia, Capital Gains). Robinhood's form tells you the proceeds and, when it has them, the cost; the filing choices on the return stay with you and your preparer. A transfer into the account is a deposit of coins, while a sale or a withdrawal is what closes a lot. That split is why a wallet move and a sale land on different lines of the form in your account.
What Form 1099-DA reports in 2025
For the 2025 tax year, only gross proceeds go to the IRS on the Robinhood Crypto Form 1099-DA. Your copy also shows cost basis where Robinhood has it. The basis on that copy is informational for the year (source: Robinhood, Crypto tax FAQ).
Rewards at or above $600 are placed on Form 1099-MISC, and that rewards form is sent to the IRS. In 2026, both proceeds and cost basis are scheduled to go to the IRS and to you. Basis reporting that year is scheduled to include transfers (source: Robinhood, Crypto tax FAQ). Broker reporting of gross proceeds covers transactions on or after January 1, 2025. Basis reporting for certain transactions starts with January 1, 2026 (source: IRS, Digital asset broker reporting).
That duty covers a broker that holds the coins a customer sells, including a custodial trading platform. For 2025 trades that are reported in 2026, a good-faith effort to file the form correctly and on time means no penalty for missing that filing or the customer statement (source: IRS, Digital asset broker reporting).
If you type a cost into the app for crypto that was transferred in, every tax lot of that crypto is marked customer-provided. Qualifying stablecoin sales are grouped. The sale proceeds of each qualifying stablecoin are reported once the sum of sale proceeds across all qualifying stablecoins is above $10,000 (source: Robinhood, Crypto tax FAQ).
Several sales of the same crypto on one day can appear as one line. The quantity is the combined amount; the date acquired can read Various when the sale covers more than one lot with the same term. The digital-asset code is a 9-digit identifier from the Digital Token Identifier Foundation, or 999999999 when the coin is not registered there. The gain or loss line is the total for that date; extra notes can say how many trades are inside the line. They can also say whether the basis was customer-provided, plus how many transferred coins were sold and when those transfers happened (source: Robinhood, How to read your 1099-DA).
Because 2025 basis is on your copy for information and is not what Robinhood sends the IRS, Robinhood will not issue a corrected form just because that basis later changes. A custom account activity report can still be downloaded as a CSV of the transactions (source: Robinhood, How to read your 1099-DA).
How cost basis and FIFO lots work
Cost basis is what you paid, or the value at the time you received the coins. A purchase on Robinhood has that cost on file. A Robinhood reward uses the fair market value at receipt (source: Robinhood, Crypto tax FAQ).
A transfer in from another provider arrives without the cost, because that figure is not included with the coins. You can type it in; if it stays blank, the lot is treated as unknown or zero. Putting the right cost on the return is then your responsibility (source: Robinhood, Crypto tax FAQ).
When you sell or withdraw, lots close in a set order; lots with unknown or zero cost close first. After those, the method is first in, first out. The coins you acquired earliest, by deposit or by purchase, are the ones used first, whether the close is a sale or a withdrawal (source: Robinhood, Crypto tax FAQ). The unknown cost is used before the oldest known cost.
For crypto sold in 2025, you can add a missing cost until January 14, 2026. A change after January 7 can delay the forms; open the deposit under History where missing details are listed. Select the deposit, then under Cost basis choose View details and Add cost basis; enter the purchase date, the coin quantity, and the total cost including fees. Save, then Done; if the deposit was more than one purchase, add each purchase on its own. Robinhood checks what you entered against market data for that coin and date (source: Robinhood, Crypto tax FAQ).
What an ETH sale does to the form
Use 0.1 ETH as an illustration of how a Robinhood lot closes on the account. The dollars in this section are an example you can check by hand; they show proceeds, cost, and the gap between them before any form is filed.
You bought the 0.1 ETH on Robinhood for $200, so the cost on file is $200. You later sell it for $320; proceeds are $320; the gain is $320 minus $200, which is $120. A purchase made on Robinhood keeps its cost on file (source: Robinhood, Crypto tax FAQ).
The same 0.1 ETH can arrive as a transfer with no cost attached; the lot is stored at zero. Zero-cost lots close before FIFO, so a sale at $320 closes that lot first and the form can show a $320 gain until you add the real cost. The $200 cost has to be entered before the gain reads as $120; the entry window for 2025 sales runs through January 14, 2026. A change after January 7 can delay the form (source: Robinhood, Crypto tax FAQ).
Qualifying stablecoin sales are grouped. They use the $10,000 combined-proceeds line (source: Robinhood, Crypto tax FAQ).
Once you can see which ETH lot a sale will close, the next decision is where the next ETH trade is placed. If you want another way to trade ETH, BloFin lists ETH/USDT Spot, where you buy and sell the coin, and the ETHUSDT Perpetual, a contract that tracks the ETH price.
Maker and taker rates for those markets are on the BloFin fee schedule.
Trading that ETH on BloFin
A Robinhood sale closes a lot and can put proceeds on Form 1099-DA; on BloFin the same 0.1 ETH is an order on a book. The tax lot is still a record you keep beside that order, separate from the trading fee.
On BloFin the example is a limit or a market order on the order book. A market buy takes the best ask and pays the taker commission. A limit that rests pays the maker commission. That book is what ETH/USDT Spot trading uses.
A market, limit, or stop order is the instruction that sets the price. The Robinhood version of those instructions, including the 1% buy band and the 5% sell band, is in Robinhood crypto order types. From BloFin's operational view, the maker or taker rate sits on the fee line beside the live bid and ask, so you can see the trading cost before any later tax lot is calculated.
The ETHUSDT Perpetual is a different product from Spot. Size the ETHUSDT position for leverage and liquidation if you use that contract, because it carries margin risk the spot coin does not.
Looking to trade ETH on BloFin? To get started, you'll need to first create a BloFin account, fund your account with cryptocurrency, and navigate to the ETH/USDT Spot trading page or the ETHUSDT Perpetual page.
Frequently asked questions
When is the Robinhood crypto year-end cutoff?
The cutoff for crypto trades at Robinhood Crypto, LLC is 11:59 PM UTC on December 31, which is 6:59 PM ET. A fill after that moment falls in the next tax year. The timestamp is UTC, so an evening trade in a US time zone on December 31 can already be next year's trade. Check the fill time before you assume the sale landed in the year you intended (source: Robinhood, Crypto tax FAQ).
Did a crypto hard fork create a Robinhood 1099 this year?
A merge or a hard fork can be a reportable 1099 event when the protocol changes and you receive a new cryptocurrency. For this tax year, Robinhood had no merge or hard-fork events among the coins it supports. A quiet year on that point means the form is not carrying a fork line for those coins (source: Robinhood, Crypto tax FAQ).
Can you download Robinhood crypto activity as a CSV?
A custom account activity report includes the transactions in the investing and retirement accounts, and you can download it as a CSV. That file is a transaction list you can hand to a preparer. It is not a substitute for the 1099-DA, and it is not a corrected basis form. Use it to reconstruct dates and amounts when a lot is missing a cost (source: Robinhood, How to read your 1099-DA).
What should you keep from the exchange that sent the coins?
Keep the confirmation from the place that sold you the coins before they arrived at Robinhood. That confirmation is where the purchase date and the amount you paid, fees included, actually live. Saving a figure in the app does not recreate the other provider's history. If a preparer asks where the number came from, the answer is that outside record. Robinhood still expects you to report the proper cost on the return when the transfer arrived without one (source: Robinhood, Crypto tax FAQ).
How soon do edited Robinhood crypto tax lots update?
After you save a purchase date, a coin quantity, and a total cost that includes fees, the lot list and the average cost refresh on a delay of as long as one business day. Robinhood also compares the figures you typed with market data for that coin and that date before the lots settle on the screen (source: Robinhood, Crypto tax FAQ).
Researched and written by the BloFin Academy editorial team with AI-assisted drafting. Updated September 2026. Primary sources: Robinhood tax help, the IRS, and Investopedia. All facts independently verified against cited documentation current as of September 2026.
This article is educational and general in nature, not financial, tax, or investment advice. Do your own research, and consider a licensed professional before making financial decisions. BloFin does not provide investment advice.