so you're ready when they're ready. A: r/tax should be your first stop. We know. I've got 131 pages of tax documents. If you have more than 500 stock transactions with a total sales volume of less than ten million dollars, you can switch to the TurboTax CD/Download software (which handles around 2,000 transactions per brokerage) or enter the transactions on Form 8949 using summary data from your broker statements. I tried uploading it to turbotax but it is not working. Do I import that to TurboTax when available and file an amendment? Robinhood is an online stock brokerage offering commission-free trading for US-based active investors. A: There's a good chance your state has a program set up that mirrors the federal system. Once again, see their support page for more info. A: Yes. Find answers for Documents & Taxes. Tip: We do not recommend using TurboTax service codes from Reddit, as they do not pertain to your specific order or account, and are therefor probably invalid. I had about 120 pages, so way more than 500 transactions. I just finished my taxes a few minutes ago. Robinhood is a mobile-focused brokerage company. If you'd like to take advantage of Robinhood's deal on TurboTax Premier, you will receive a $15 discount! Do I need to wait for couple of days for the import to work? The forum is full of people posting screenshots of their Robinhood returns , often bragging about making large, risky bets on options trades or cryptocurrency. – @RobinhoodApp (email, December 14th, 2020) Hm…well, a … — Robinhood Help (@AskRobinhood) February 13, 2020 If you completed taxable transactions on your Robinhood stocks account, then the company will send you the 1099 tax document. I got my 1099 today from robinhood. I just don't want to enter 250 transactions into TurboTax manually X.X. See what /u/Thirdly said. Robinhood, one of the most popular investing apps and a pioneer in free trades, has captured the limelight several times in the past year. • 2021 Did you know that Robinhood customers can get a great discount on TurboTax software? Change the date range, see whether others are buying or selling, read news, get earnings results, and compare SPDR Portfolio S&P 500 Hi… against related stocks … When trying to do taxes on TurboTax, your crypto csv file may not upload correctly. Once again, see their support page for more info. The company was founded in 2013 and has grown to … View the real-time SPYD price chart on Robinhood and decide if you want to buy or sell commission-free. Besides CoinTracker, Coinbase and Robinhood are options as … Most … "One final note: all the documents you’ll need from Robinhood for tax season will be available by February 16th, 2021." Q: I have a complex tax question, where should I post? It was the one that was Robinhood's clearing not Apex. Am I dumb and just missing something? If you have 131 pages, there are probably more than 500 transactions. I suggest Free File delivered by TurboTax (formerly 'Freedom Edition') or H&R Block Free File... both of which can file state returns for free and support Schedule D/1099 series forms. took 3 attempts for me (it's case sensitive for one thing) and you don't need the 10 before your account number. Press question mark to learn the rest of the keyboard shortcuts. Limitations and fees may apply. with the 10 or without and for SSN - did you guys put dash or without? I tried three times. Q. Here is the text from the Turbotax import page: Your TurboTax Account Number is '10-' followed by your Robinhood account number (5XX#####). In an attempt to keep things running smoothly, this thread will be stuck to the top of the sub this month and (depending on how many tax questions we get in April) will return before Tax Day. Its very easy to download a working copy of your progress (if you started turbotax online) and finish it with the cd/download version. Save up to $20 on TurboTax Deluxe, Premier, and Self-Employed when you file through the link in your Robinhood account. So I got TurboTax premier for $55 on Staples website vs the $80ish on TT website. When using TurboTax, it will ask you to select which cryptocurrency service you use. Robinhood has commission-free investing, and tools to help shape your financial future. strange... any ideas? Your TurboTax Account Number is '10-' followed by your Robinhood account number (5XX#####). Press question mark to learn the rest of the keyboard shortcuts. TurboTax Online can handle up to 500 transactions per brokerage account. Still not luck. What is going on? #irs #tax New Member ‎June 4, 2019 7:40 PM. :((, New comments cannot be posted and votes cannot be cast, Press J to jump to the feed. I've tried every combination of 10-5XXXX, 105XXXX, and 5XXXX (where 5XXXX is my account number listed on the Robinhood tax screen on the app) with my SSN with and without dashes. GameStop Stock, Reddit and Robinhood: What You Need to Know How traders online drove the videogame retailer’s stock to new highs and caused a crazy week in markets Q: The tax info Robinhood gave me is wrong! Now I'm getting an error message about unsuccessful import. Both from RobinHood trading. Sign up and get your first stock free. Home » TurboTax » TurboTax Robinhood Discount (Save up to $20!) Robinhood made news after it restricted trades of stocks like GameStop and AMC after their stock price was driven by retail investors on Reddit betting against Wall Street. Brokerages help customers buy and sell investments like stocks. A: According to Robinhood's support site, you should contact them as soon as possible. I'm scared! Post your tax questions here rather than cluttering up the sub. Keep in mind that the Staples version does not include a state license. i have under 500 trades for 2016 and still have this error. This video is kid safe Please review the support pages and become familiar with the process of accessing the documents, finding your account number, etc. If you'd like to take advantage of Robinhood's deal on TurboTax Premier, you will receive a $15 discount! The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. I suggest Free File delivered by TurboTax (formerly 'Freedom Edition') or H&R Block Free File... both of which can file state returns for free and support Schedule D/1099 series forms. About tax documents How to access your tax documents How to read your 1099 How to correct errors on your 1099 How to upload your 1099 to TurboTax Finding your account documents How to access your tax documents How to read your 1099 How to correct errors on your 1099 How to upload your 1099 to TurboTax Finding your account So I got one of the 1099s to work. I had recieved the same message that a few others had noted about being able to import tax documents into Turbotax on 2/20. By accepting and using the import capability provided by Apex and Robinhood, you assume full responsibility for the data provided via the import, and you assume full responsibly for the accuracy of your tax return. Check your documents page: https://robinhood.com/account/documents Read the support page for tax documents. Then, because I'm stubborn, I just backed up a few pages on turbotax and tried it again a few times and it suddenly worked for no good reason on the third try. By accepting and using the import capability provided by Apex and Robinhood, you assume full responsibility for the data provided via the import, and you assume full responsibly for the accuracy of your tax return. Their sidebar also contains links to all the ol' standards (r/accounting, r/personalfinance, r/legaladvice). Everyone knows I only trade ETH so I'm only expecting 1099-B data from Robinhood Crypto and 2020 data is already there in both PDF and CSV. Looks like you're using new Reddit on an old browser. Noob question anyone know if RH adds back the washed sales disallowed to your current holdings so next yr it will recover that loss amt when you sell? Help - Maybe we need a tax thread... hmmm... We use cookies on our websites for a number of purposes, including analytics and performance, functionality and advertising. It is essential that you verify the information prior to submitting your tax return to the IRS. Can you edit that link? Who's got the answer? they are currently on an invite only system right now but it's pretty spread out with a huge thread on reddit for invite giveaways. Typos, incorrect data, weirdness? Third times a charm, I guess... TELL ME ABOUT IT! Pay a professional who'll be responsible for your taxes being filed on time and correctly. It was VERY slow to process and would just sit there for upwards of 2-3 minutes, but it worked perfectly. 1 Best answer Accepted Solutions HelenaC. I have tried the DOWNLOAD version - tried H&R block but still no use. For the ID I put the "10-" in the beginning and typed no dashes when entering my SSN. Mine isn't working. I'm adding a few simple questions to get the ball rolling: 0. Topics: TurboTax Free Edition Online; 0 3 980 Reply. I have less than $1,000 and forgot about it. For further assistance, please email support@robinhood.com. kinda like between the tax thread and the stock market thread. We know, we know... you've never invested before, never had a job, never filed taxes, and you're worried. The FB redirect is doing nasty things to Reddit's spam filters. Did anyone faced this issue? The Reddit forum r/wallstreetbets exploded in popularity in the late 2010s, signaling the development of a new investing culture among young people. Yes it's under my SSN. it's robinhood.com. I know you guys don't want to hear it but expect Robinhood to have messed up and need to issue amended data. What's weird is I can access both 1099s from Robinhood. Don't get too excited about having data to import into TurboTax. It's happened at least twice in the last few years. Google "[your state here] free tax filing" and stick to your state's .gov or otherwise official pages (for example, New York, South Carolina, Maryland). Stop creating threads about it. A: If you aren't a part of the 1%, odds are you can! let me know when you find out a solution. After a series of Robinhood bans on high-flying Reddit stocks like GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC), a Robinhood class action lawsuit has been filed in … If you didn't buy or sell crypto in an amount greater than $10 in 2020, you won't receive a Consolidated Form 1099 from Robinhood Crypto, LLC this tax season. Q: Anyone else waiting for their tax data? It seems that most Reddit users who claim to be posting service codes are simply posting an affiliate link … I don't have to file state taxes(military, and yes I am positive that I do not have to). It seemed to import on the third attempt, but I get a message that some information is missing and I have to review each transaction...there's 100s of them though!! After doing a little digging I came across this handy little link. Q: When will Robinhood provide tax documents?!? It's like any brokerage site (but available on iOS only, and there's no fees for trading). They aren't required to give free tax advice either but at least it's not Newbie HQ. What do I do now? Stop commenting the same thing in unrelated threads. This video shows you how to fix that. Just contact support if things don't add up. Can anyone tell me what exactly did you guys put? A: According to Robinhood's support site, 1099 series data will be available in mid-February. There is a wide range of solid digital tax preparers, but Intuit TurboTax is the only software you can integrate with your Robinhood account. Do not ask us for exact dates; no one here knows what Robinhood is up to. For options, see the IRS's page: https://apps.irs.gov/app/freeFile/. Frequently asked questions will be added to this post so review it before asking. I just had that same problem and came here looking for the answer. I'll literally mail you a bottle of fine whiskey if you can give me an answer that works. And please remember that unqualified advice and kind suggestions is the best anyone should expect for free. However, online performance may deteriorate as you get close to this limit. What are taxes? I will email Robinhood's support but wanted to check with others first. The sudden influx of retail investors caused many hedge funds that had shorted the stock to lose billions. Seems odd but most people said try it three times if you have under 500. Q: when will Robinhood provide tax documents handy little link an?! Documents & taxes support site, 1099 series data will be available in mid-February, and when. But available on iOS only, and there 's a good chance your state has a program set up mirrors... Topics: TurboTax free Edition Online ; 0 3 980 Reply either but least! Help shape your financial future lose billions handy little link has grown to … Robinhood has commission-free investing and. Link in your Robinhood account number, etc forgot about it like to take of. 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