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. 

DISCLOSURES

This should not be construed as tax advice. Please consult a tax professional for additional questions.