How Do I Export My Tax Data from Robinhood into TurboTax?

Filing taxes can be a daunting task, but if you’re a Robinhood user, importing your tax data into TurboTax can simplify the process significantly. Robinhood provides tax documents like the 1099 forms, which report your investment income, and TurboTax allows you to import this data directly to ensure accuracy and save time. Below is a step-by-step guide to exporting your tax data from Robinhood and importing it into TurboTax as of March 19, 2025.

Step 1: Ensure Your Robinhood Tax Documents Are Ready

Before you begin, confirm that your tax documents are available in your Robinhood account. Robinhood typically generates tax forms such as the 1099-DIV (dividends), 1099-INT (interest), 1099-MISC (miscellaneous income), and 1099-B (sales of securities) by mid-February for the previous tax year. To check:

1. Open the Robinhood app or log in to the website (robinhood.com).
2. Tap the Account icon (usually a person silhouette) in the top-right corner of the app or click your profile on the web.
3. Select "Tax Documents" or "Statements & Tax Documents" from the menu.
4. Look for the tax year you need (e.g., 2024 for the 2025 filing season). If the documents aren’t available yet, Robinhood will notify you when they are.

Step 2: Verify TurboTax Compatibility

Robinhood partners with TurboTax to allow seamless data imports, but you’ll need a TurboTax account and a version that supports importing 1099 forms (e.g., TurboTax Premier, Self-Employed, or Deluxe). Log in to your TurboTax account at turbotax.intuit.com to ensure you’re ready.

Step 3: Export Tax Data from Robinhood

Robinhood doesn’t provide a direct “export to TurboTax” button, but you can download your tax forms or use TurboTax’s import feature, which pulls the data securely. Here’s how:

• Option 1: Download the PDF Manually
  1. From the "Tax Documents" section in Robinhood, locate the relevant 1099 form(s).
  2. Tap or click to download the PDF to your device.
  3. Save it somewhere accessible, like your desktop or Downloads folder.
• Option 2: Prepare for Direct Import
  If you prefer TurboTax to fetch the data automatically, you don’t need to download anything yet—just have your Robinhood login credentials handy.

Step 4: Import into TurboTax

TurboTax makes it easy to import your Robinhood data. Follow these steps:

1. Start Your Tax Return: Open TurboTax and begin a new return or continue an existing one.
2. Navigate to the Income Section: In TurboTax, go to the "Federal" tab, then select "Income & Expenses" (or similar, depending on the version).
3. Find Investment Income: Look for an option like "Stocks, Mutual Funds, Bonds, Other" or "Investment Income" and click "Start" or "Edit."
4. Choose to Import: Select "Import from my bank or brokerage" or "I’ll import it myself."
   • Direct Import: If importing directly:
     1. Search for "Robinhood" in the list of financial institutions.
     2. Enter your Robinhood login credentials when prompted. TurboTax uses a secure connection to access your 1099 data.
     3. Follow the prompts to import the forms. TurboTax will populate fields like proceeds from sales, dividends, and capital gains.
   • Manual Upload: If you downloaded the PDF:
     1. Choose "Upload a file" or "Enter it myself."
     2. Upload the PDF from your device, and TurboTax will extract the data.
5. Review the Data: Once imported, double-check the numbers. Ensure totals match what you see in Robinhood’s tax documents.

Step 5: Complete Your Filing

After importing, TurboTax will guide you through the rest of your return. Answer any additional questions about your investments (e.g., wash sales or cost basis adjustments) and proceed to file your taxes electronically or by mail.

Troubleshooting Tips

• Login Issues: If TurboTax can’t connect to Robinhood, ensure your credentials are correct and that two-factor authentication isn’t blocking access. You may need to temporarily disable it or use an app-specific password.
• Missing Data: If some transactions don’t import, check Robinhood for a corrected 1099 (issued if errors are found) or manually enter the missing info from the PDF.
• Deadline: For 2025, the tax filing deadline is typically April 15 unless extended. Import your data early to avoid last-minute stress.

Why Use This Method?

Importing directly from Robinhood to TurboTax reduces errors from manual entry and speeds up the process. Plus, TurboTax’s integration ensures your investment income aligns with IRS requirements.

By following these steps, you’ll have your Robinhood tax data seamlessly integrated into TurboTax, making tax season a little less taxing. Happy filing!