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 earned, 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. Here's when to expect them.
Tax form schedule
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:
1099-MISC: January 31, 2024
If you earned more than $600 in referral bonuses or through Acorns Earn offers that didn’t require you to buy something, you'll receive your 1099-MISC form by January 31, 2024.
You can learn more about the 1099-MISC form here.
1099-INT: February 1, 2024
If you earned more than $10 in interest through your Acorns Checking or Emergency Fund accounts, you'll receive your 1099-INT by February 1, 2024.
You can learn more about the 1099-INT form here.
1099-R: February 1, 2024
If you're an Acorns Later investor and you made a withdrawal from your Later account last year, you'll receive a 1099-R form listing those withdrawals by February 1, 2024.
You can learn more about the 1099-R form here.
1099-DIV/B: February 21
If any of the following apply to you, you'll receive your 1099-DIV/B form by February 21, 2024:
- You received more than $10 in dividends in the previous year
- You withdrew from your Acorns Invest or Early account or sold some of your investments for more than $20 last year
- There were rebalances in one or more of your Acorns investing accounts
You can learn more about the 1099-DIV/B form here.
5498: May 31, 2024
If you made a contribution or rollover to your Later account, you'll receive a 5498 form by May 31, 2024. Don't worry if you're getting the 5498 form after you've already filed your taxes — the 5498 is for your records only. You don't need to have it when you file your taxes.
You can learn more about the 5498 form here.
Where to check for your tax forms
We'll email you a link to download your forms, or you can check for tax forms in Settings. You'll be able to download your forms digitally as PDFs — we won't send the forms through the mail.
Even if you’ve closed your Acorns account, you can still access your tax forms. Using your computer or a mobile browser, please login here and select “Tax Reports” from the “Documents and Statements” dropdown menu.
Important tax information
Your tax situation is unique, you may want to talk to a tax professional or visit www.irs.gov to figure out what applies to you and what you may need to report.
Acorns doesn't provide tax advice, but if you have any questions or concerns about your account, please contact us.