Missing crypto trades on my 1099 from Robinhood - how to properly file?

Thanks for the info! One question though - does Robinhood use FIFO (first in, first out) for calculating the cost basis or can I choose which specific coins were sold for tax purposes?

Robinhood typically uses FIFO (first in, first out) for calculating cost basis on crypto transactions by default. This means your oldest purchases are considered sold first. You technically have some flexibility in choosing your accounting method, but you need to be consistent with the method you choose across all your crypto transactions. If you want to use a different method like specific identification, you should make that clear in your records and be prepared to defend that choice if questioned. Just remember that once you select a method, you generally need to stick with it in future tax years.

Does it work with other crypto exchanges too? I've got stuff spread across Coinbase and Binance as well as Robinhood.

I'm skeptical about these tax tools. How accurate is it really? I've heard horror stories about people getting audited because their crypto reporting was wrong.

It does work with other exchanges - I actually used it for both Robinhood and Coinbase. You can upload CSVs or screenshots from pretty much any exchange and it reconciles everything together which helps if you've moved crypto between platforms. As for accuracy, I was skeptical too but it's actually designed specifically to handle complex tax situations. It shows you exactly how it calculated each transaction and follows IRS guidance on crypto reporting. Mine even flagged a wash sale situation I wasn't aware of that could have been an audit trigger. Nothing's 100% guaranteed of course, but it's way more accurate than me trying to figure it out manually in Excel.

How does this claimyr thing actually work? I've been trying to get through to the IRS for weeks about some crypto questions! I thought it was literally impossible to reach a human there.

I'm calling BS on this. No way you got through to the IRS that quickly. I've literally spent hours on hold and got disconnected multiple times. Even if you did get through, I doubt they'd give specific advice on crypto reporting.

It basically maintains your place in line with the IRS and calls you back when an agent is about to be available. You don't have to stay on hold yourself. Their system periodically checks if you're getting close to speaking with an agent, and when you are, it calls your phone so you can connect. It's pretty straightforward. I was skeptical too until I tried it. The IRS agent I spoke with didn't give me investment advice, of course, but they did explain the reporting requirements. They confirmed I needed to report each transaction on Form 8949 with all the details about acquisition date, sale date, proceeds, and cost basis. They also pointed me to some IRS publications about virtual currency reporting which were actually helpful once I knew what to look for.

Thanks for this suggestion! I checked and sadly freetaxusa doesn't have direct API integration with Robinhood for crypto yet. I did contact Robinhood support about the missing info, and they said that if my crypto activity didn't meet certain thresholds, it wouldn't be included on the 1099 but I'm still required to report it. Super annoying! Do you know if requesting the corrected 1099 takes a long time? I'm trying to file soon.

Requesting a corrected 1099 can definitely take some time, usually 2-3 weeks in my experience. But honestly, it might not help in your situation. If your crypto activity didn't meet their reporting thresholds, they're technically not required to include it on a 1099, so a "corrected" form would likely be identical. Your best bet is probably to download the transaction history yourself and manually calculate everything, or use one of the crypto tax services mentioned by others. If you're in a rush to file, you could also consider filing for an extension to give yourself more time to sort this out properly. Just remember an extension gives you more time to file, not more time to pay any taxes due.

This is terrible advice. ALL crypto transactions need to be reported regardless of amount. The IRS has been cracking down on crypto specifically and the question about virtual currency is right on the front page of Form 1040. Ignoring it is literally asking for an audit.