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 30Form 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?


Check the background of M1 Finance LLC on FINRA's BrokerCheck

By using this website, you accept our Terms of Use and Privacy Policy and acknowledge receipt of all disclosures in our Disclosure Library. All agreements are available in our Agreement Library. M1 relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information.

M1 refers to M1 Holdings Inc., and its affiliates. M1 Holdings is a technology company offering a range of financial products and services through its wholly-owned, separate but affiliated operating subsidiaries, M1 Finance LLC and M1 Spend LLC.

M1 Plus is an annual membership that confers benefits for products and services offered by M1 Finance LLC and M1 Spend LLC.

All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using M1 Borrow’s margin account can add to these risks, and you should learn more before borrowing. Nothing in this informational site is an offer, solicitation of an offer, or advice to buy or sell any security and you are encouraged to consult your personal investment, legal, or tax advisors.

Brokerage products and services are not FDIC insured, no bank guarantee, and may lose value. Brokerage products and services are offered by M1 Finance LLC, an SEC registered broker-dealer, Member FINRA / SIPC.

M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card is issued by Lincoln Savings Bank, Member FDIC.

Credit Card not available for US Territory Residents. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.

200 N LaSalle St., Ste. 800 Chicago, IL 60601

© Copyright 2021 M1 Holdings Inc.