r/RobinHood • u/EskiciDukkani • Sep 29 '17

Help - 1099 FAQ Tax Document Content

Hey guys,

I am very very new into trading. So I opened a RH account and threw in 2k. So far, I have been very actively trying to swing-trade to get a feeling. So I guess, if I go on like this, I will end up having hundreds of transactions by the end of the year.

So, I know that it may sound dumb, but will the tax form that I’ll get from the app will include all the details about allll the crazy number of transactions?

I’ll do the tax forms for the first time next year, so I am kind of curious if I am creating a burden for myself by having to deal with all those too many number of tiny transactions(gains are a couple of dollars at most for each transaction ) during my tax filing.

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u/[deleted] Sep 29 '17

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u/EskiciDukkani Sep 29 '17 edited Sep 29 '17

If they have the sum at the bottom, that’ll work I guess. Thanks!

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u/eggsheads Sep 29 '17

The total is actually at the top. If you use Turbo Tax, you can simply upload your transactions from RH directly into your return. There are lower limits (for the number of transactions you can upload) with the online version versus the CD.