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 Monday, April 15^th in accordance with the IRS tax code.

When you can expect to receive your forms

January 31, 2019

1099-R

Used to report distributions from Traditional, Roth and SEP IRAs.

February 15, 2019

Consolidated 1099

Used to report taxable events on your individual or joint account.

May 31, 2019

5498

Used to report all contributions made to a retirement account during the year.

Filing with TurboTax?

File with turbotax

You’re in luck! M1 integrates directly with TurboTax to make filing your taxes easier than ever. We’ll walk you through the whole process here.

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.

What causes taxable events?

What is a wash sale and how does it affect me?

How does M1 integrate with TurboTax?

Does M1 integrate with H&R Block?