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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 requirements, described below. This means you must let the IRS know about the money you earned the previous year through Acorns.

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.

Acorns provides three different types of 1099 forms, depending on your situation: 1099-B, 1099-DIV and 1099-MISC.

1099-B

You will receive a 1099-B if you withdrew from your Acorns Invest account, or sold some of your investments, last year and earned more than $20 from the sale. Your 1099-B lists any account gains, which occur when you withdraw or sell holdings in your account that are worth more than the money you’d invested.

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 "Past" screen.

1099-MISC

You will receive a 1099-MISC if you earned more than $600 in referral bonuses or through Found Money offers that didn’t require you purchase something. (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.)

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This website is operated by Acorns Advisers, LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of Acorns by Acorns Securities, an SEC registered broker-dealer and member FINRA/SIPC. Securities in your account protected up to $500,000. For details, please see www.sipc.org. Investments are not FDIC insured and may lose value. Investing involves risk including loss of principal. Please consider, among other important factors, your investment objectives, risk tolerance and Acorns pricing before investing. Past performance does not guarantee or indicate future results. Acorns reserves the right to restrict or revoke any and all offers at any time. Acorns also offers an Acorns Spend deposit account. Acorns Spend accounts are FDIC insured up to $250,000. Acorns Visa™ debit cards are issued by Lincoln Savings Bank, member FDIC for Acorns Spend account holders. "Acorns" and "Invest the Change" are registered trademarks of Acorns Grow, Inc.