2025 vs. 2026: what changed
| Transaction year | What Robinhood says to expect | What you still need to verify |
|---|---|---|
| 2025 | Gross proceeds are reported to the IRS. Cost basis may be shown to you where available, but is not reported to the IRS for those transactions. | Original acquisition records, especially for crypto moved in from outside Robinhood. |
| 2026 | Gross proceeds and cost basis are reported to both you and the IRS. | Whether the disposed units are covered or noncovered and whether transferred-in acquisition information is complete. |
The IRS 2026 instructions require basis reporting for covered digital assets sold after 2025; basis for noncovered assets is not generally mandatory. That is why a 2026 form can contain more basis information without making outside-wallet records irrelevant.
Transferred crypto is the record-trail problem to watch
Robinhood says crypto transfers do not include purchase details. When crypto is deposited from an external wallet or platform, the original purchase date and tax cost basis may therefore be unavailable until you add or reconstruct that information. Robinhood also says customer-entered basis for transferred crypto is marked as customer-provided.
For 2026 Form 1099-DA reporting, the IRS instructions also include transfer-in fields for units sold that had been transferred to the broker. Those fields help identify the transfer history, but they do not replace your original acquisition evidence.
Review the trail in this order
- Download the current tax/account documents available from Robinhood Crypto.
- Export full transaction history for the tax year.
- Identify disposals that contribute to reported proceeds.
- Trace assets acquired on another platform or moved through self-custody.
- Locate the original purchase date, amount and relevant fees.
- Check tax-software imports for missing wallets, duplicates or misclassified transfers.
Do not use an artificial “risk score”
A record checker cannot validate your tax return by turning a few inputs into a percentage. The useful question is which source record is missing and what evidence can reconnect it.
Use the record checklist
Multiple wallets or platforms?
First rebuild the transfer trail. If the history spans several exchanges or wallets, reconciliation software may reduce manual matching—but it cannot invent missing acquisition records.
Affiliate disclosure: we may earn a commission if you purchase through these links, at no additional cost to you. Software output still needs to be checked against source records.
Independent-source rule
Platform interfaces, forms and export labels can change. Confirm current platform instructions in the platform’s own support center. For federal Form 1099-DA context, use IRS guidance.
Did you transfer these assets in?
Transferred-in digital assets are noncovered under the IRS 2026 Form 1099-DA rules. Review the cross-platform transfer trail before assuming a blank basis is zero.
Transferred crypto & 2026 basis →Primary sources
Robinhood: How to read your 1099-DA
Robinhood: Crypto transfers
IRS: Understanding your Form 1099-DA
IRS: 2026 Instructions for Form 1099-DA