A 1099 is an Internal Revenue Service form that brokerages and other financial institutions file to list their customers’ earnings and losses throughout the year.
“Due to some special processing requirements and delays with a vendor, some forms were delayed by one day,” a spokesperson for Robinhood said. The app’s popularity got a boost last year from people who took to trading while they stayed at home due to the COVID-19 pandemic. This would be the first year that a large number of new retail investors would be receiving these forms.
The spokesperson said the company would provide “extra resources throughout this tax season to help people stay informed.”Robinhood drew the ire of many of its customers when it temporarily restricted trading in some of the stocks like GameStop Corp and Express Inc which were at the heart of a Reddit-fueled rally last month. The brokerage later said the move was necessary to meet clearinghouse-mandated deposit requirements.
No big deal because nothing matters anymore
I guess they were too busy installing trading barricades to prevent their users from capturing their profits. Why anyone would trust them as a platform ever again is baffling. Proves the media is not truly documenting what they did to their traders.
Still haven't gotten mine
Lol
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