It depends. You do not need to report money that you have invested in an account on your tax return until you SELL one of the investment products (stocks, mutual funds, bonds). If you earn interest or dividends on the investments you own, then the interest or dividend income should be reported on your tax return.
You should receive a 1099 summary form from Stash which will reflect any interest or dividends earned, as well as whether any investment products were sold or traded. If you have not received a 1099 form from Stash, you should check your online Stash account to see if a 1099 form has been provided for you. If you do not have a 1099 form from Stash, then you do not have anything to report on your tax return.
If you do have a 1099 B form, here are the steps to follow to enter any investment gains/losses on sales:
It depends. You do not need to report money that you have invested in an account on your tax return until you SELL one of the investment products (stocks, mutual funds, bonds). If you earn interest or dividends on the investments you own, then the interest or dividend income should be reported on your tax return.
You should receive a 1099 summary form from Stash which will reflect any interest or dividends earned, as well as whether any investment products were sold or traded. If you have not received a 1099 form from Stash, you should check your online Stash account to see if a 1099 form has been provided for you. If you do not have a 1099 form from Stash, then you do not have anything to report on your tax return.
If you do have a 1099 B form, here are the steps to follow to enter any investment gains/losses on sales: