1197340

When do investments need to be reported on taxes if you haven’t withdrawn any amount from them yet? Example Money Lion, Acorns, etc.? Thanks

posted

Connect with an expert

1 Reply

When do investments need to be reported on taxes if you haven’t withdrawn any amount from them yet? Example Money Lion, Acorns, etc.? Thanks

You only report the sale of investments on your tax returns.

Buying and keeping investments is not reported on your tax return, with the exception of dividends received which have to reported as income.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post