Taxes | Acorns

Acorns Support

Feel free to ask us anything and everything

Do I have to pay taxes on money I make through my Acorns account?

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. In general, when we earn money from our investments, Uncle Sam wants his cut, too—just like with the rest o...
Why do I get my 1099 so late?

To help your money grow, we invest some of it in assets linked to real estate. They tend to be affected less by dips in the market, and their dividends tend to be higher. But, they take a little longer to report their annual results. To ensure that your 1099 form reflects the most up-to-date f...
How do I get my 1099 when my account is closed?

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. You can still access your tax forms, even if you’ve closed your Acorns account. Using your comput...
What’s a 1099-MISC form?

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.The 1099-MISC form lists money not earned through an employer, like when you get a bonus for referring friends...
When will I get it?

You should receive the forms on or around February 15, 2019, well before the tax filing deadline of April 15th....
How will I get it?

Acorns will email you a link to the 1099-MISC form where you will then be able to download it as a PDF. Please note that we will not be sending your 1099-MISC form through physical mail. It will only be available to download digitally....
What do I do with my 1099-MISC form?

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 receive a 1099-MISC form, you are responsible for reporting the information it contains to the I...
Will I be provided with the proper tax forms?

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.Yes! But which tax forms you receive will depend on what kind of account you have with us.CoreIf you meet fede...
Why did I receive a 1099 form?

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. You receive a 1099 form if you earned income through Acorns last year that meets IRS reporting requirem...
When do I get my 1099 tax form?

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. Core If your Core account activity meets minimum reporting requirements, you will receive your 1099 tax...
Will I owe taxes if I make a withdrawal from my Later account?

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. Whatever your type of IRA, you get certain tax benefits from investing for your long-term future throug...
What is a 1099-R form?

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. The 1099-R form lists money withdrawn from a tax-advantaged retirement account, like your Later account...
What is a 5498 form?

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. The 5498 form lists any contributions or rollovers (when you move another retirement account balance to...
How do I find out how much I’ve contributed this year?

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.To find out how much you’ve contributed to your Later account, log in here to your statements screen using y...
Can I make a prior year contribution for Acorns Later?

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.You can make a prior year contribution from January 1 up to when you file your income taxes.Wait. What’s a p...
Why did I not receive any tax forms from Acorns this year?

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 1099 tax form this year, your Acorns account activity did not meet the minimum...
How do I read my 1099?

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. Note: This information applies to Acorns Core accounts. Your 1099 notes any sort of income you may have made ...