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Causes of Taxable Events

Taxable events are transactions in your brokerage account that cause tax consequences. This applies to taxable and individual retirement accounts (IRA)

Below are examples of possible taxable events:

  1. You sell your investments. If those investments are sold for a gain - they will generate a tax liability. Your yearly tax liability is the net gain/loss from all sold positions
  2. You receive dividends or interest income (took out securities)
  3. You withdraw from your IRA (whether qualified or unqualified)

To verify if your account has a taxable event, log into your M1 account and review your statements. 

*M1 Finance does not provide tax advice. Please contact your tax professional should you have any questions.

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