Investments & taxes 101
The federal government taxes investment income (such as interest and dividends) and realized capital gains. M1 uses built-in tax efficiency to help reduce the amount owed on taxes automatically, but you’ll still need to file a few forms with the rest of your taxes by Monday, April 15th in accordance with the IRS tax code.
When you can expect to receive your forms
1099-INT
Used to report any interest earned as income (M1 Plus members only).
1099-R
Used to report distributions from Traditional, Roth and SEP IRAs.
Consolidated 1099
Used to report taxable events on your individual or joint account.
5498
Used to report all contributions made to a retirement account during the year.
Learn more about these documents →
Filing your taxes online?
You’re in luck! M1 integrates directly with TurboTax and with H&R Block to make filing your taxes easier than ever. Click on either of the buttons below to get started.
Still have questions?
Check out some of our most frequently asked questions for more information. Don’t see your question listed? Drop us a line at support@m1finance.com.