Your Robinhood Event Contracts Statement Is Not a Tax Form. What to Do With It

The Robinhood Event Contracts Annual Statement is not a tax form. It’s a year-end summary of your prediction-market activity, and Robinhood’s own materials describe it as not a substitute for a tax reporting form. If you traded event contracts on Robinhood and you’re waiting for a 1099 that squares everything away, it isn’t coming. This post covers what you got and what to do with it.

Is Robinhood’s annual statement a tax form?

For its event contracts, Robinhood does not issue a 1099-B the way it does for stocks and options. What you get instead is an Event Contracts Annual Statement: a recap of your contract activity over the year. It’s useful (it’s the raw material for your numbers), but it is not:

• a form filed with the IRS on your behalf,
• something you attach to your return,
• or a document that has decided how your trades should be taxed.

Think of it as a bank statement, not a W-2. It tells you what happened. It doesn’t do your taxes, and no one at Robinhood has picked a tax treatment for you by handing it over.

Do you owe tax with no 1099?

The absence of a 1099-B is not a signal that these trades are tax-free or invisible. Income is taxable because the law makes it taxable, not because a form arrives. A summary statement with no matching IRS form simply means the record-keeping, and the reporting, falls to you. Skipping it because “nothing was reported” is exactly the mistake that turns a small tax bill into a later notice.

There’s also a subtle tell worth knowing about: on Robinhood’s regular 1099-B, the Section 1256 bucket is labeled for regulated futures and non-equity options, and event contracts are conspicuously not filed there. Read one way, that’s the platform declining to treat event contracts as Section 1256 by default. It doesn’t settle the law (the question is genuinely open), but it’s a data point that the aggressive 60/40 treatment isn’t a freebie. We lay out that whole argument in the Section 1256 breakdown.

What should you do with the statement?

1. Keep the statement: it’s your source record, and you may need it if the IRS ever asks how you arrived at your numbers.
2. Reconstruct your net result: total your event-contract wins against your losses for the year to get a real net profit or loss figure.
3. Pick the right treatment: ordinary, capital, Section 1256, or gambling. This is the decision that actually moves your bill, and it’s unsettled enough that the same profit can produce very different tax under each. See the four-method overview and, if any of your losses are involved, the 2026 gambling-loss cap, which can tax you on money you never netted.

What is the fastest way to work out the tax?

Reconstructing a year of event-contract trades from a summary statement and then running it through four different tax treatments by hand is slow and error-prone. That’s the exact job WagerMints is built for: type the closed positions from your Robinhood statement into it and it produces your net result and all four possible tax outcomes side by side, so the only thing left to decide is which position you want to file. More on Robinhood: Robinhood prediction market taxes.