Do I have to pay taxes on my Stash Invest investments?
Stash Invest accounts are taxable brokerage accounts. You are required by the IRS to report income earned from capital gains and other applicable distributions. This means you will need to pay taxes on money you make through capital gains, dividends, and income interest.
To put it another way: If one of the funds in your portfolio increases in value, and you sell that investment at a higher value than you bought it at, you’ve made some money—that’s considered income. You’ll need to pay taxes on that income as well as income from dividends and interest earned from debt investments.
Each year, Stash will send your tax documents to your Stash account so that you can file your taxes appropriately. If you have tax documents available, we’ll send you an email. You should have tax documents from Stash if:
- You received dividend payments greater than $10 from your Stash Invest accounts in 2023.
- You received more than $10 in interest on your Stash Invest account.
- You sold an investment in your Stash Invest account in 2023.
In general, if you hold your investments for longer than a year, you will avoid paying short-term capital gains on taxes. If you have specific questions regarding your taxes, please consult a tax professional.
This should not be construed as tax advice. Please consult a tax professional for additional questions.
Related questions View all Invest
Q. IRA Close or Withdrawal State IRA Withholding Requirements
Traditional IRA required state withholdings. If you’re requesting to make a partial withdrawal from your Traditional Individual Retirement Account (IRA), or to close it completely, you’ll need to fill out a withdrawal form before the account can be closed. On this form you must select your Federal and State tax withholding.…
Q. Quick Start Your Stash – 2024 New Depositor Promotion
Looking to take control of your finances in 2024? If you’re a new customer or have not yet made a deposit into your Stash account prior to 01/01/24, you can earn up to $10. To earn the first $5 promo, deposit at least $5 into your Personal or Smart Portfolio by 4/30/24.…
Q. Everything you Need to Know about Dividends
A dividend is a payment to a shareholder when a company shares its profits. The amount of dividends you receive will be proportional to the amount of stock you own in that company. Dividends are usually paid in cash (not additional stock),…
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.Ask your question
Fiduciary 101: Why It’s Our Job to Be Your Advocate
It’s a big word that means a lot when it comes to handling your money. It defines a relationship built on trust and duty.