Why do I need to report a 1099 tax form to the IRS?

Article author
  • Updated

A 1099 tax form reports different kinds of income you earned in a year to the IRS, usually for payments that come from other sources than a typical employer. For example, a 1099 form might report earnings for independent contractors, any dividend or interest payments you got, gambling winnings, and more. 

There are different kinds of 1099 forms for these different scenarios. You may receive one or more of these 1099 tax forms from us, depending on how you use Acorns. We report the information on a 1099 form to you and to the IRS.

Here's the full schedule for the different types of tax forms you may receive from Acorns this tax season, following the deadlines set by the IRS.

Was this article helpful?

0 out of 0 found this helpful

Have more questions? Submit a request



Article is closed for comments.