Robinhood 1099-DA: What It Means and What to Fix

You got a 1099-DA from Robinhood.

Maybe you've been using Robinhood for stocks for years, picked up some Bitcoin or Dogecoin along the way, and now there's a new form in your tax documents alongside the usual 1099-B. Maybe you're a newer crypto user who started with Robinhood because it was already on your phone.

Either way, you're holding a form that shows your crypto sales, and you're probably wondering what to do with it.

Robinhood is a different case from dedicated crypto exchanges like Coinbase or Kraken. It's a stock trading app first, with crypto added later. That history shapes what your 1099-DA contains, what it's missing, and where the risks are when you go to file.

When You'll Get Your Robinhood 1099-DA

Robinhood typically releases consolidated tax documents by mid-February. For the 2025 tax year, the IRS deadline for brokers to issue 1099s is February 15, 2026.

For Robinhood specifically:

• Your crypto activity goes on the 1099-DA. This is a separate form from the 1099-B that covers your stock trades.
• Both may appear in a single consolidated document. Robinhood often bundles everything into one PDF, but the crypto portion is technically a distinct form under the new IRS rules.
• Access via the app or web. Go to Account → Statements → Tax Documents in the Robinhood app, or log in at robinhood.com and check the Documents section.

If you only traded stocks and never touched crypto, you won't get a 1099-DA. If you did trade crypto, check for it even if you don't remember doing much. Any sale triggers reporting.

One caveat: Robinhood may issue a corrected 1099-DA after the initial version if they catch errors. Check your documents again in March if you get an email about corrections.

What Your Robinhood 1099-DA Shows

The 1099-DA covers the basics of every crypto sale you made during the tax year:

• Proceeds: the amount you received when you sold
• Sale date: when the transaction settled
• Asset description: which cryptocurrency you sold
• Acquisition date: when you originally bought it (used to determine short-term vs. long-term capital gain)
• Cost basis: what you paid for it (this is where things get complicated)

For Robinhood, the acquisition date field should generally be populated. Robinhood has custody of your assets and keeps transaction records going back to when you first bought on the platform. This puts Robinhood in a better position than exchanges that accepted transfers in from external wallets.

But "has the data" and "reports it correctly" are two different things. Here's the actual cost basis situation on the 2025 Robinhood 1099-DA.

The Cost Basis Situation on Robinhood

Robinhood has an unusual history that makes its cost basis situation more nuanced than most exchanges.

For most of its crypto history, from launch through 2022, you couldn't withdraw crypto from Robinhood. You could buy it, you could sell it, but it stayed inside the Robinhood platform. This means users who bought and sold exclusively on Robinhood during that period have complete, verifiable cost basis data in one system, with every purchase and sale accounted for.

Compare that to Coinbase or Kraken, where users regularly transferred in assets from hardware wallets or other exchanges, bringing unknown cost basis with them. Robinhood largely avoided that problem because transfers weren't possible.

The catch for the 2025 tax year: the IRS phased in 1099-DA reporting requirements. For tax year 2025 (forms issued in early 2026), brokers must report gross proceeds, but cost basis reporting for "covered securities" doesn't fully kick in until tax year 2026. So your Robinhood 1099-DA for 2025 may show proceeds without cost basis, even though Robinhood has the data.

Robinhood also added crypto deposits and withdrawals in 2022. Once transfers became possible, the cost basis picture got messier. If you transferred Bitcoin into Robinhood from an external wallet and later sold it, Robinhood doesn't know what you originally paid. That basis is "uncovered" and it won't appear on your 1099-DA regardless of what year it is.

Even if you've only ever used Robinhood, verify what your 1099-DA actually shows before assuming the cost basis fields are correct and complete.

Common Issues with Robinhood 1099-DAs

Crypto and Stocks on the Same Platform

Robinhood is one of the only places where the same account handles both equities and crypto. This creates a specific confusion risk: your consolidated tax document will contain both a 1099-B (for stock sales) and a 1099-DA (for crypto sales).

They look similar. The numbers are different. The tax treatment differs in some edge cases. Make sure you're entering each on the correct part of your return: crypto on Form 8949 using the 1099-DA data, stocks on their corresponding 8949 section using the 1099-B data.

Your tax software should handle the separation if you import the documents correctly. If you're entering manually, pay close attention.

Limited Crypto Selection

Robinhood supports a smaller selection of cryptocurrencies than dedicated exchanges. In practice, most Robinhood crypto users hold the major coins: Bitcoin, Ethereum, Dogecoin, Litecoin, and a handful of others. Less variety means less complexity.

But this also means that users who wanted exposure to altcoins, DeFi tokens, or newer projects often branched out to Coinbase, Kraken, or other exchanges. If that's you, your Robinhood 1099-DA only tells part of the story. You'll need tax records from every platform where you had activity, and you'll need to reconcile transfers between them.

Crypto Transferred Out

If you transferred crypto out of Robinhood to another wallet or exchange after 2022, that activity creates tracking obligations that your Robinhood 1099-DA won't cover. The sale that happens on the other platform will appear on that platform's tax documents, but the cost basis needs to trace back to your original Robinhood purchase.

This is a common gap. Users move assets between platforms without thinking about the tax trail. Your Robinhood 1099-DA shows the original purchase. Another exchange's 1099-DA shows the sale. You need to connect them, or your gain/loss calculations will be wrong.

Recurring Buys Create Many Cost Basis Lots

Robinhood's recurring buy feature lets you automatically purchase crypto on a set schedule: weekly, biweekly, monthly. It's a popular feature, especially for Bitcoin and Ethereum.

The problem is that every single recurring purchase creates a separate cost basis lot with its own acquisition date and price. A user who did weekly Bitcoin buys for two years before selling has over 100 individual lots. Each affects whether gains are short-term (held under a year, taxed as ordinary income) or long-term (held over a year, taxed at lower capital gains rates).

The cost basis method you choose, whether FIFO, LIFO, or specific identification, matters significantly when you have many lots at different prices. Robinhood defaults to FIFO. If you want to use a different method, you need to track it yourself and potentially override what Robinhood reports.

Free Crypto and Sign-Up Bonuses

Robinhood has offered free crypto as promotional bonuses: sign-up rewards, referral bonuses, and similar offers. If you received any of these, they're taxable income in the year you received them, at the fair market value on the day you got them.

These are not capital gains. They're ordinary income, similar to getting cash. They should appear on your return as income, not just as a cost basis entry. The value you reported as income at receipt then becomes your cost basis if you later sell the crypto.

Check whether your Robinhood tax documents reflect these correctly. They should appear as taxable income in your 1099-MISC or similar, not buried in the 1099-DA.

What to Do Before Filing

1. Download your complete Robinhood tax document. Don't just look at the summary screens in the app. Download the PDF and review the actual numbers. Verify which sections are 1099-B (stocks) and which are 1099-DA (crypto).

2. Check whether cost basis is populated. Look at the cost basis column on your 1099-DA. If it shows zeros or blanks, you need to calculate it yourself. Don't file with incorrect zeros. That makes every sale look like a 100% gain.

3. Account for all your platforms. If you used any other exchange or wallet, pull records from there too. Crypto tax reporting requires a complete picture across all platforms, not just Robinhood.

4. Reconcile transfers. If you moved crypto between Robinhood and other platforms, make sure the cost basis follows the asset. The purchase on Robinhood and the sale on another exchange need to be connected in your records.

5. Verify recurring buy lots. If you used the recurring buy feature, your cost basis is spread across many lots. Confirm your totals add up and that the holding period on each lot is correctly classified.

6. Check for any free crypto income. Review whether you received any promotional crypto from Robinhood. Verify it was reported as income and that your cost basis for those assets reflects what you declared as income at receipt.

7. Use Form 8949 to report gains and losses. Your 1099-DA feeds into Form 8949, which then flows to Schedule D. Every sale needs to appear there, with correct proceeds, cost basis, and resulting gain or loss.

How Moonscape Fixes This

Moonscape handles the cross-platform reconciliation that makes Robinhood crypto taxes complicated.

You import your Robinhood transaction history via CSV export. Takes a few minutes to download from the Robinhood app and upload to Moonscape. Then you add any other exchanges or wallets where you had activity. Moonscape supports over 300 sources, so Coinbase, Kraken, Ledger, MetaMask, and anything else you've used can be connected in the same place.

The platform tracks cost basis across platforms. When you transfer Bitcoin from Robinhood to Coinbase, Moonscape follows the cost basis from the original purchase through to the eventual sale, regardless of where it happens. This eliminates the gap that trips up so many cross-platform filers.

For recurring buys, Moonscape imports every individual lot, calculates the holding period correctly for each, and applies your chosen cost basis method consistently. You see a clear breakdown of short-term vs. long-term gains before you file.

The output is a completed Form 8949, ready to attach to your return or import into your tax software. You're not copying numbers manually or guessing about which box goes where.

Get started with Moonscape. Import your Robinhood history and see your complete tax picture in one place.

Key Takeaways

• Robinhood issues a 1099-DA for crypto and a 1099-B for stocks. They may appear in the same consolidated document but are separate forms with separate tax treatment.
• Cost basis may not be fully populated on your 2025 1099-DA even though Robinhood has the data. Verify before filing.
• Assets moved between Robinhood and other platforms need cost basis tracked across the chain, which your Robinhood 1099-DA alone won't cover.
• Recurring buys create many lots. FIFO is the default, but you may benefit from a different method. Every lot has its own holding period affecting whether gains are short-term or long-term.
• Free crypto is taxable income, not a zero-cost-basis asset. Verify it was reported correctly and that your cost basis reflects the income you declared.
• Your Robinhood 1099-DA is one input. If you traded anywhere else, you need records from every platform to file accurately.

Further reading:

• Form 1099-DA Explained
• The Complete 1099-DA Guide
• Form 8949 Guide
• Cost Basis Methods