M1’s Guide to Tax Season

Use this handy guide to breeze through this tax season stress-free.

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 Thursday, April 15 in accordance with the IRS tax code.

Important dates to remember

DateDocument Check
February 11099-INT: Used to report any interest earned as income (M1 Plus members only).
February 11099-R: Used to report distributions from Traditional, Roth and SEP IRAs.
February 16Consolidated 1099: Used to report taxable events on your individual or joint account.
April 1IRA recharacterizations are due: IRA recharacterizations must be processed by April 15, so please submit any requests here by end of day on April 1 to guarantee completion.
May 17Tax Day: Tax filing deadline and last day to contribute to a 2020 IRA.
June 1Form 5498: Used to report all contributions made to a retirement account during the year.

Please note, not every M1 client will receive tax documents. The documents you’ll receive depend on the type of M1 account(s) you have. Document notifications will be sent from taxnotification@isecurus.com, and all documents will be available in your M1 account under Settings > Documents.

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?

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