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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 Invest, Acorns Later, and Acorns Early accounts.

Your 1099 notes investment activity in your Acorns account in the past year. Depending on what happened  last year, that might include bonuses you received for referring friends, investment gains or losses, account rebalances,or dividends you may have received.

Acorns provides three different types of 1099 forms, depending on your situation—A combined 1099-DIV/B, 1099-R, and 1099-MISC—which we break down briefly below.

Note: You can access your 1099 using our web app or mobile browser, even if you’ve closed your Acorns account. Please log in here and select “Tax Reports” from the “Statements” dropdown menu. Unfortunately, you are currently unable to access your 1099 through the mobile app.

Summary Information

Here is a list of 1099 types you may be eligible for as an Acorns investor.  This at-a-glance information may help you or your tax professional in preparing your tax return.

1099-B

Your 1099-B lists any gains or losses you made through your investment account(s), which occur when you withdraw or sell holdings in your account for more or less value than you put into it. If you have made a withdrawal from your account in the previous year, check the “Summary of Proceeds, Gains & Losses, Adjustments and Withholding” section and the supplemental 1099-B pages for details you may need to include when filing your taxes. You may also be eligible to receive a 1099-B if there were any rebalances in your account(s). 

1099-DIV

Your 1099-DIV lists any dividends you received exceeding $10 in the previous year. Dividends are companies’ ways of thanking you for investing with them. You get them simply for owning a stock or fund on a certain date.

You can check to see what dividends you received by visiting the Recent Activity section of your Acorns Investment accounts. 

1099-MISC

Your 1099-MISC lists any referral bonuses or Found Money you earned that didn’t require you purchase something, if they exceed $600. (Found Money 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 for that money from Acorns and do not owe taxes on it.)

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.

Supplemental Detail Pages

Depending on whether you made a withdrawal from your account or sold your investments, earned dividends or got a referral bonus, your 1099 may also include supplemental pages that provide further detail.

Be sure to talk to your CPA or tax professional or visit the IRS website to help determine how you should report this information to the IRS.



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