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Category: Taxes

Betterment Taxes Explained 2023: How Are Investment Taxes Handled?

By Ed Canty, CFP® on January 2, 2022
Betterment is required by law to report your investing activity to the IRS. However, that does not remove you from your obligation to file your own taxes for your investments. This involves inputting information on the forms sent to you from Betterment.  To make things easier for you when it comes to taxes, Betterment allows […]
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Robinhood Taxes Explained 2023: How Are Investment Taxes Handled?

By Cari Scribner on January 1, 2022
Robinhood, as well as other online investing platforms, is required by federal law to report your investment activity for the year to the IRS annually. When you open a Robinhood investing account, you give them your social security number, which will be used to report your investment income or losses to the IRS. Keep in […]
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M1 Finance Taxes Explained 2023: How Are Investment Taxes Handled?

By Ed Canty, CFP® on December 31, 2021
When you sign up for an M1 Finance account, you have to give them certain information like your name, address, and social security number. This means that they are in fact reporting your investment activity to the IRS, which they have a legal obligation to do. That being said, it is important to understand and […]
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Webull Taxes Explained 2023: How Are Investment Taxes Handled?

By Jason Dolan on December 30, 2021
Filing your taxes associated with Webull is the same process as it is with many other financial institutions. Webull will send you documents that show your overall trade outcomes for the year. You are then required to take that information and document it on your IRS tax forms. A copy of each form is sent […]
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Fundrise Taxes Explained 2023: How Are Investment Taxes Handled?

By Ed Canty, CFP® on December 27, 2021
When investing with Fundrise, it is important to understand what specific types of Fundrise investments are in your portfolio. This will determine how your Fundrise investments will be taxed.  Fundrise tax implications will come from one or a variety of these taxable events: Capital gains or losses Dividends Interest Capital gains or losses occur when […]
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How To Calculate Taxable Amount Of An IRA Distribution

By Roger Wohlner on March 5, 2021
Some of the most well-known investment vehicles, known as IRAs, offer an opportunity to save for retirement in a tax-advantaged way. Whether it is tax-deferred or tax-free, these vehicles can help you secure a wealthy retirement. While both the Traditional and the Roth IRA offer great tax advantages for those focused on growth, users need […]
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Power Your Investing

Choosing the right product and service is essential for your investing. Here are some of the tools and services to help your portfolio grow.
Robinhood
Robinhood provides an easy-to-use free trading platform for beginner investors. Robinhood has $0 account minimums. Get a free stock when you open an account below.
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M1 Finance
M1 Finance offers a free investing platform where users can build portfolios of stocks and ETFs. Users can also choose from a variety of pre-built portfolios offered for free.
Try M1 Finance
Fundrise
Passively invest in private real estate deals with as little as $10. Fundrise allows you to own residential and commercial real estate across the U.S. starting at a 1% annual fee.
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