Q. What tax documents should I receive?
Stash will email you when your tax forms become available. You can access historical documents year round Tax Documents section of Account Management. Stash will make your relevant tax documents available online in mid February. The forms you’ll be receiving represent your account activity from the previous calendar year or any activity completed to qualify for that year’s contributions.…
Q. What is a Traditional IRA?
A Traditional Individual Retirement Account (IRA) allows a client to invest in stocks, bonds, mutual funds, certificates of deposit, ETFs index funds etc. using pre-tax dollars. That means the client does not pay income taxes on the money they are using to invest until they withdraw the money from the account.…
Q. Will I get in trouble if I take my money out early?
Retirement accounts can have penalties and/or taxes if you withdrawal prior to the age of 59 ½. If you have any questions, please reach out to a tax advisor to review your specific circumstances. Keep it in, let it grow!…
Q. How are custodial accounts taxed?
Tax rules for custodial accounts can be complex. Whether there will be taxes owed on a Custodial Account depends on your unique tax situation. You should consult a tax professional (like an accountant) for answers to specific questions about your specific tax needs.…
Q. Are there different tax implications to owning single stocks vs ETFs?
Taxes for stocks and ETFs work the same way. You will be required by the IRS to report income earned from capital gains and other applicable distributions. Each year, Stash sends a tax statement to investors who need to file their earnings with the IRS.…
Q. Are dividends taxed?
Dividends can be taxed as income. Dividends are taxed at different rates, depending upon whether they are considered qualified or nonqualified. If you have any questions regarding your own tax situation and how your Stash account may impact it, please consult with a qualified tax professional.…
Q. What’s the deal with Smart Portfolio taxes?
Because Smart Portfolio is structured as a taxable personal account, the tax implications for your Smart Portfolio are almost the same as those for your Personal Portfolio. In general, a security sold at a gain will be subject to taxes on the difference in the sales price and the cost of purchase.…
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