Robinhood turbotax reddit. I am finishing up taxes with TurboTax.

Robinhood turbotax reddit. It is also much more affordable where the cost is just $15 per I tried to use the Robinhood 20% off link for Turbo Tax and it kept not applying even though it says "Robinhood" on the bottom of each page. 33 in Royalties. I saw some people having issue to import on TT their RH stocks (i m not talking about crypto). 998K subscribers in the RobinHood community. It'll bring you to the page to click on your different brokers again, click the blue button of entering it a different way Import your 1099. Enter your master account number and document ID accurately. When I am reviewing it, it does not have a specific section for Robinhood markets as agent for Robinhood crypto LLC but there is another section for Robinhood markets as agent for Robinhood securities. I need to file a corrected tax return for just year, which I am not happy about, and pay $3-4k in taxes, which is really money I owed anyway but I don't like surprises. TurboTax has integrated with CoinTracker. Robinhood 1099-b Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. 99 to do my taxes because of my investments. I went into the stock section and check if every transactions are there and nothing seems missing. Your master account number is a 9-digit number at the top right of the cover page of your Consolidated 1099 PDF. Do not ask us for exact dates; no one here knows what Robinhood is up to. Type “Robinhood” in the search bar and choose the Robinhood - Robinhood Securities option. The Turbotax migration worked this morning. People were saying that you can't attach a PDF to turbotax, but I just did! Woo 64 votes, 112 comments. I have a robinhood account with some money invested in it and I have never filed the 1099 forms that they send me. When I go to review and file my taxes, it says I need to check this entry. Everyone wins. io to make this easy-peasy. Refer to the summary on page 3 of your Robinhood / Apex 1099. Turbotax is definitely not the most affordable option for self filing out there. io. When filing your taxes with your Consolidated 1099, make sure to: Select Robinhood Markets as the financial institution’s name. (Personal income in the H & B version) On the screen "Your 2019 Income Summary," scroll all the way down to the last section, "Less Common Income. When asked about my sales in TurboTax, I'm given the choice to enter in either my sales summary, or enter the sales one at a time - I chose my summary. This subreddit is temporarily private as part of a joint protest to Reddit's recent API changes, which breaks third-party apps and moderation tools, effectively forcing users to use the official Reddit app. Last year Turbo Tax glitched and claimed my mortgage interest twice. I just got a cp2000 in mail today from 2021 taxes and they say i owe like $5000 because they think i made $21000 from robinhood. As a software developer, I can say there's probably no real reason for the limit other than "any more than that and their computer may get slow for a few minutes", or if TurboTax is trying to support old af computers, they don't want to deal with things like running out of RAM, maxing out the CPU for potentially an hour or more, etc. But it’s Robinhood…. I contacted Turbo Tax and they were incredibly unhelpful and said Robinhood would have to provide a service code. gg/robinhood I got the notification from the app that my info was ready. So make sure you let both websites set as many cookies/trackers as they want in order to get your discount. TurboTax just takes that data and uses it to compute your taxes; it's not double-checking for wash sales or anything like that. Yes same thing. A: According to Robinhood's support site, 1099 series data will be available in mid-February. " An unofficial, civil, and helpful community to discuss filing your taxes with Intuit TurboTax. com is the best place to buy, sell, and pay with crypto. They pulled this crap last year too and ended up sending corrected tax forms our a week later… Manually inputting them in is much easier and faster. Turbotax is charging me $54. Patiently waiting on the forms from Robinhood as TDA came in a couple days ago. that's good. com has not finalized the import function. Well, you guessed it. I checked beforehand what the price was vs after I use link and it worked, I saw the discount. csv file in the deluxe version that I can find. I wonder if TurboTax just got caught off guard with Robinhood's early release. Feb 16, 2022 · Tip: For stocks, click on robinhood as your broker, then enter in your ID and document ID, that should import that 1099 stock form. Every single options trade that has a $0 cost basis as an icon "needs review" for me to check. Reddit's home for tax geeks and taxpayers! News, discussion, policy, and law relating to any tax - U. our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates FYI services like TurboTax limit your brokerage auto import depending on number of transactions. Feb 22, 2020 · Click the Federal Taxes tab ( Personal in the Home & Business version) Click Wages & Income. I just started using TurboTax. I used my US Bank's affiliate link as well and that doesn't work either. Get the Reddit app Scan this QR code to download the app now civil, and helpful community to discuss filing your taxes with Intuit TurboTax. Please review the support pages and become familiar with the process of accessing the documents, finding your account number, etc. Because I did not want to enter each sale individually, I elected to enter summaries. . Just wondering if their is any way around this. Join us on Discord: https://discord. In TurboTax, when prompted to “Choose your bank or brokerage,” enter “Robinhood” in the search field. A few days ago, TurboTax was saying that the upload wouldn't be ready until the 16th because Robinhood was indicating the 1099's wouldn't be distributed until the 15th. Robinhood's link sets a cookie that tells turbotax to discount whatever product you get at the end of your filing process. Once that's good, then go back and add another line of income, or another type of income. I am finishing up taxes with TurboTax. I want to start doing them this year, so I wanted to know if it is possible to do them a RobinHood yes, TurboTax no. If on the other hand it is a promotional payment associated with personal TurboTax supports Robinhood customers with extensive trading history; however, if you made 1,500 or more equity and options trades in your Robinhood Financial brokerage account or 2,250 or more cryptocurrency trades in your Robinhood Crypto account in the filing year, you may experience difficulty uploading your tax forms directly into TurboTax. For your situation there are other products that more than fulfill your needs like FreeTaxUSA. This past year was the first time I started to do some investing. You can't import from Robinhood and be done like you can with TurboTax, you have to type/copy paste the information in. Members Online Robinhood $5-$200 of free stock I’m trying to report my crypto gains in turbo tax (only $48, might be unnecessary), and I don’t see how to do it in TurboTax deluxe that I’m using. Mar 29, 2020 · April 1, 2020 1:34 PM. For Robinhood Retirement, if applicable, your Form 1099-R will be available by January 31, 2024 and your Form 5498 will be available by May 31, 2024. The solution would be for turbotax and robinhood to get their shat together because not being able to connect your account is a load of BS. We have many transactions (at least 500 between 2 Robinhood accounts), as well as some from another brokerage. " Feb 29, 2020 · 1 Best answer. This unofficial subreddit is a good place to ask questions about using the app, discuss developments, and share ideas with other investors. ago. I did that but Turbotax doesn't seem to do anything. All good and no review flags from turbotax! Have a great day or night guys. Generally, report this amount on the 'Other income' line of Schedule 1 (Form 1040 or 1040-SR), or Form 1040-NR and identify the payment. Don't do it. I printed my account stuff from robinhood and it shows all the same trade but that I only made $0. Just changed to 7pm local for me in Chicago. There ARE adjustments, or wash sales. I've been trying to go back and review them and I found that robinhood is trying to enter a negative value in box 1d but turbotax is demanding it "(!) Must be at least 0". That's all. The easy way to file: TurboTax + CoinTracker. com DeFi Wallet. TurboTax + Robinhood . I believe there is a fee and maybe even a discount. I had too many trades to import them into TurboTax this year and I had to submit a summary form instead. I had over 500 trades with Robinhood for 2016, all of which were box A. 195 votes, 60 comments. 10. -2. Turbotax is a trap. Our goal is to help Redditors get answers to questions about Fidelity products and services, money movement, transfers, trading and more. You will get be able to link your Robinhood account to your TurboTax and it imports everything for you. If it is associated with a Schedule C (self-employment income for a trader business you operate) you could double-click that box and you should be able to select your Schedule C. My question is has anyone done their own taxes on turbo while using robinhood and or if anyone has filed already and got their $20 17 votes, 48 comments. I'll be very happy to dump turbo tax Turbotax is flagging a number of my imported Robinhood 1099-B entries. Is it somewhere in my 1099 I did receive? A possibly cheaper option is TaxAct Plus ($29). An unofficial, civil, and helpful community to discuss filing your taxes with Intuit TurboTax. It was easy as its what I did but still, for those with 1000s of transactions it can be a pain. Robinhood 1099-B, Crypto & TurboTax - Using Sales Summary instead of One Sale At A Time I received a 1099-B, and it has all of the information needed for me to do my taxes. I don't get the $15 rebate, and no info is automatically entered and it just asks for me to manually enter everything in. Reddit is a great big community so get money off your cable bill, get a free iPad, or whatever incentive you're offered. My husband and I started trading on Robinhood this year. So don’t expect it to work on time. TurboTax really needs to get their act together, especially when they’re constantly bombarding users to upgrade for “audit defense”, if this is how you guys program your software I don’t have any faith in the kind of support you’d give in an audit (and seriously, stop bugging every single Crypto. • 3 yr. gg/robinhood Jun 1, 2019 · Yeah this is non-functional, even the $5 default discount isn’t working right now either. Before I use HR Block and it always caused problems. do you have a update and/or can you dm me how your letter was written. Posted by u/coffeeracer9999 - 23 votes and 15 comments TurboTax said that dispute the forms being avail from Robinhood on 02/16/2022 that import isn’t allowed until 02/18/2022. My other tax accountant had no idea how to input a securities 1099 and basically encouraged me to skip it. The only need for you to file taxes is if you SOLD stock at a loss or gain. Taxes with So for the past couple years I’ve always done my taxes on turbo. Turbo tax then instructed me that I needed to mail the IRS a form 8453 and 8949 because of the wash sales. ”. But I have been filing woth TurboTax for a while now and trading on Robinhood as well. I wonder if the document format doesn’t match how it gets entered into TurboTax software. Either I am doing something wrong or TurboTax is cheating! Anyone else got the $20 off successfully? Jun 7, 2019 · It sounds like Robinhood. Just click on the discount link through Robinhood app and login then you get the discount. **UPDATE2** - TurboTax basically said call Robinhood because it’s not a TurboTax issue. The main reason I switched over to TurboTax is that you can directly transfer your tax documents without a hassle. com: Importing Trade History to TurboTax. Invest, borrow, spend & save with powerful automation—all in place. Okay guys, I found a work around for turbotax. Apr 1, 2023 · So I Imported my 1099's From RobinHood, one of them was a 1099-Misc saying I had earned $0. It ask for information from my schedule C form from Robinhood. **UPDATE3** - Called Robinhood they said they needed to investigate and call back in 2 hours. 1. imakeyboard. You will see short and long term gain summaries with proceeds, cost basis, market discount, wash sale disallowed and realized gain or (loss). We’re still fine tuning our integration with TurboTax to give you the best experience possible. and International, Federal, State, or local. TurboTax will ask for your account number, which can be found in the Tax Documents section of the Robinhood app. Am I missing something here? i know I'm late to this. S. Members Online Upvote if you already got your refund through TT Your TurboTax Account Number is '10-' followed by your Robinhood account number (5XX#####). TurboTax is being really funky with it, as if it's unsure how to categorize it, and is asking me a ton of questions about the "business" I "worked for," and its street address. 🤷🏻‍♂️ They claimed no active tickets. true. I use the account +… Robinhood issued me a 1099-Misc for a $250 deposit match bonus issued to me this summer. Mine imported successfully but the Form 8949 is only like about 8 pages while my robinhood has about 130 pages. I am new to filing the 1099 form that robinhood provides every year and I have not filed them since 2018. "After logging into TurboTax, navigate to the screen to start filling out the information for “Stocks, Mutual Funds, Bonds, Other. I imported my RH forms this year and TurboTax wanted me to "review" 100 option trades which would've taken hours, fuck that. so you're ready when they're ready. com serves over 80 million customers today, with the world’s fastest growing crypto app, along with the Crypto. It’ll include all your Form 1099s for Robinhood Securities, Robinhood Crypto, and Robinhood Money, as applicable. Now just login through laptop and the discount should still be there. Also, see the instructions for the 1099-MISC, itself (on page 5)--for instance, if it's box 3 that you have the income reported in: "Box 3. It took me about an hour to do 15 of these last night. As an official Fidelity customer care channel, our community is the best way to get help on Reddit with your questions about investing with Fidelity – directly from Fidelity Associates. The total was off about $30-40 but it might have been because TurboTax fucking round off the numbers. If you have the crypto tax document from Robin Hood, You just have to enter it manually as a summary and attach the pdf 1099b from Robin Hood. For up to 100 transactions, you'll have to pay $59, or $199 for up to 1000 transactions. View community ranking In the Top 1% of largest communities on Reddit. It says I can automatically import all my info by entering my account number. Your wash sales will be factored into the net gains/losses on your 1099-B that you get from RobinHood. This if from Robinhood. Turbotax is insisting that this can only be from "Investment income from property you own" or "Royalty income from your business, including artist royalties or operating a natural resources business" neither of which applies in this case 13K subscribers in the TurboTax community. I contacted Robinhood and they just sent me a link to try and still wasn't applying the Jan 31, 2024 · Your 1099s will be combined into a single PDF under Robinhood Markets, Inc. If you have more than 500 transactions, you can't use turbo tax… "Robinhood customers may choose to use TurboTax Premier to easily import trade history when filing taxes. So I just took all the totals on the form and put them in myself, took 2 minutes, then had to upload the form you get from Robinhood. Turbotax AT MINIMUM costs $89 for federal (which is free on freetaxusa), and $39 for state (which is $15 on freetaxusa), and if you have any investments or other extras to your taxes, you have to upgrade to some bullshit extra level in Turbotax so filing usually costs between $150 and $200. Nobody in here answered your question correctly. Crypto. I cant speak for everyone and I am not a tax expert in any means. A friend recommended importing into quicken first. As much as I don't like TurboTax prices, being able to import 1099s instead of calculating every transaction -- roboadvisors and the like that make many many many transactions -- individually, makes the cost worth it to me. It’s been over 9 lol. It actually doesn't. It is still stuck for me. If you've made fewer than 25 transactions in 2021, CoinTracker has a free option. com Visa Card — the world’s most widely available crypto card, the Crypto. If you merely held the stock through the year and it went up $4, then no, you don't need to file. I imported everything automatically from my Robinhood account. TurboTax is trying to figure out how to treat the income from the 1099-MISC. I'm tempted just to wait another couple days to file in hope they will actually get it working but not sure if it's worth it. 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. They said it’s a sign in issue not a software issue. I don't think I ever received a schedule C from Robinhood. Waiting for a callback from TurboTax. com Exchange and Crypto. The bonus program is detailed on dannydealguru here. I made about 600 trades last year through Robinhood and Turbotax imported the 1099 just fine. However, there were a couple issues. I saw that robinhood can directly import to turbotax premier. I am a little concerned because we have quite a few wash sales, but have since exited those positions completely. Funny how as soon as they released the consolidated tax documents TurboTax’s connection with Robinhood had to go down for maintenance. During this process, you will be prompted to enter your bank name in a search bar. M1: The Finance Super App™. I see instructions online for the website version and it makes sense, but there’s no crypto option or place for me to upload a . I called TurboTax and they blame it on Robinhood and Robinhood obviously says it's TurboTax's problem. ozmwd wxejp uqd ypjjkfio jajjix owkei zfhpc lcru qdxk xjmgt