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K
Kurigt
February 17, 2022
Question

Robinhood Crypto CSV Issue

  • February 17, 2022
  • 1 reply
  • 0 views

So I have no issue importing my document from robinhood. The issue I have is it’s creating 260 to do tasks for me to go in and add that I got the crypto via purchasing. This will take hours to do. Can I add something to the spreadsheet so when it’s importing it knows to add that purchases field? 

    1 reply

    AmyC
    AmyC
    Employee
    February 17, 2022

    The problem is that the IRS expects each transaction looked at in case of any of the transactions were loss due to personal use, such as lunch at Starbucks or payments towards bills, etc. Loss on use of personal property should not be included on your return. The gains are included along with any transactions that were investment related.

    If you want to do this outside of the program and then enter only two lines,

    • the total short term and the
    • total long term transactions that do qualify, that is an option.

     

    If you do the summary, you can just mail a copy of your  Robinhood forms to the IRS. The program will give you instructions.

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