Does Robinhood report to the IRS?
Yes. Robinhood issues tax forms to US customers (1099-DA and 1099-MISC), and the IRS gets a copy.
Checked 2026-10-17 · 1 source- Robinhood Crypto issues Form 1099-DA for crypto sales and Form 1099-MISC for rewards of $600 or more.
- Tax is owed on gains whether or not you receive a form. Swapping one token for another counts as a sale.
- Form 1099-DA is the IRS form for digital asset sales through a broker. It reports your sale proceeds, so keep your own records of what you paid.
- This is general information, not tax advice.
How memecoins are taxed in the US → · Best crypto tax software →
Sources: Robinhood Crypto tax FAQ. The venue's own page wins if it disagrees with ours.
Robinhood
Exchange · 1.9% round trip. Robinhood is a US brokerage app whose crypto unit (Robinhood Crypto, LLC) began live trading in February 2018 and now sells ~90 coins, including memecoins such as DOGE, SHIB, PEPE, BONK, WIF and TRUMP. Default trades have no explicit fee: Robinhood is paid inside the spread, keeping 0.95% of notional from its market makers as of June 2026. Optional exchange routing instead charges 0.00%-0.95% fee tiers. A separate non-custodial Robinhood Wallet app charges a 0.80% swap fee.
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