This is provided for informational purposes only. Acorns does not provide tax or legal advice. You should consult with a tax or legal professional to address your particular situation.
If you did not receive a tax form this year, your Acorns account activity did not meet the minimum reporting requirements set by the IRS last year.
The following information may help you identify which tax form, if any, may be applicable to you.
1099-B
You may be eligible to receive a 1099-B if you withdrew from your Acorns Invest or Early account, or sold some of your investments for more than $20 last year. You may also be eligible to receive a 1099-B if there were any rebalances in your account(s). Your 1099-B lists all of your gains or losses from your investment activity.
If you did not receive a 1099-B form, then your account activity may not have met the eligibility requirements described above.
1099-DIV
You will receive a 1099-DIV if you received more than $10 in dividends in the previous year. Dividends are companies’ ways of thanking you for investing with them. You get them simply for holding a stock or fund at a certain time. Acorns reinvests these for you in your portfolio, but you may still be taxed on them.
You can check to see what dividends you received by visiting the “Recent Activity” section of your Acorns Investment accounts.
If you did not receive a 1099-DIV form, then your account activity may not have met the eligibility requirements described above.
1099-R
The 1099-R form lists money withdrawn from a tax-advantaged retirement account, like your Later account or a 401(k). You'll get a 1099-R if you withdraw any money from your Acorns Later account during the tax year.
If you did not receive a 1099-R form, then your account may not have met the eligibility requirements described above.
1099-MISC
You will receive a 1099-MISC if you earned more than $600 in referral bonuses or through Acorns Earn offers that didn’t require you purchase something. (Earn Rewards you earn as a result of purchasing a good or service may be considered a rebate for tax purposes, meaning you may not receive a 1099 tax form for that money from Acorns.)
If you did not receive a 1099-MISC form, then your account may not have met the eligibility requirements described above.
5498
You’ll get a 5498 form if you made a contribution or rollover to your Acorns Later account during the tax year. You won’t need to use this form when you file your taxes. It’s just for your records. This form will be delivered to you by May 31.
If you did not receive a 5498 form, then your account may not have met the eligibility requirements described above.
You may access a full schedule of the latest dates to receive your tax forms by through the Acorns web app: https://app.acorns.com/documents/core/taxreports
If you feel you should have received a tax form from us, please contact our support team.
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