What do I need from Robinhood for taxes?
Emily Baldwin 
Tap Tax Documents
- You’ll receive a Robinhood Securities IRS Form 1099 if you had a taxable event in 2020 including dividend payments, selling stock for profit, or exercising an option.
- You’ll receive a Robinhood Crypto IRS Form 1099 if you sold more than $10 in cryptocurrencies in 2020.
What information is needed to open a Robinhood account?
Investing through Robinhood is as easy as opening an account. All you need is to be 18 years or older, have a valid Social Security number, and a U.S. address. If you’re new to investing, start with a small amount of money you’re OK with losing, and stick to stocks and ETFs.
How do I upload documents to Robinhood?
How to upload documents through our secure file portal:
- If we ask you to upload a document to our secure file portal, we’ll send you an email with a secure link to upload your document.
- Type in your Case ID.
- Type in your email address.
- Drag and drop to attach your file.
- Click Submit.
Does Robinhood send tax forms?
You may receive tax forms from both Robinhood Securities and Robinhood Crypto. In the Tax Documents section of the app, you will see a list of your tax documents. The name of the issuing entity will be in the title of each document.
Why is Robinhood asking for my ID?
This is very personal, why do they need this? The short answer is that all brokers (not just Robinhood) are required by the U.S. government to collect this, among other personal information, for anyone looking to open an account.
What is the minimum deposit for Robinhood?
$0
The bottom line: Robinhood provides free stock, options, ETF and cryptocurrency trades, and its account minimum is $0, too. Mutual funds and bonds aren’t offered, and only taxable investment accounts are available.
Why is Robinhood asking for my bank password?
Robinhood says that because the checking and savings products are technically part of a brokerage account, they would be protected by SIPC like other brokerage assets. People can trade stocks and other assets through the brokerage using the money in these checking and savings accounts.
Why does Robinhood need a picture of my driver’s license?
