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I just opened an Acorns account in 2020. How do I prove the amounts I’ve invested? And how do I file those investments in my 2020 taxes?

 
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3 Replies
CatinaT1
Expert Alumni

I just opened an Acorns account in 2020. How do I prove the amounts I’ve invested? And how do I file those investments in my 2020 taxes?

You don't need to prove the amounts you invested.  There is nothing to include on your return until you take money out.

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I just opened an Acorns account in 2020. How do I prove the amounts I’ve invested? And how do I file those investments in my 2020 taxes?

This is a broker's account  and you should get a tax reporting form by the end of February which will report any taxable  earnings    such as   interest, dividends, capital gains and sales you earned/made during the year.  Log into your account to see when they will send those forms.  

I just opened an Acorns account in 2020. How do I prove the amounts I’ve invested? And how do I file those investments in my 2020 taxes?

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