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wsx1232010
January 31, 2025
Question

acorn 1099-misc

  • January 31, 2025
  • 1 reply
  • 0 views

On Acorns, earn. If I buy something and they invest only Contribute $1.20 the calendar year Will I receive a 1099 miscellaneous for that amount? What? Is the threshold

    1 reply

    R
    RobertB4444
    January 31, 2025

    Acorns invests money for you.  That is just how you spend your money, that doesn't generate a 1099.

     

    However, as the money in your acorns account grows they will keep investing your money in the best way that they can.  That will sometimes involve buying and selling stocks.  If they sell any stocks for you THEN you will get a 1099.  You will have to report those sales. 

     

    But nothing to worry about until then.

     

    @wsx1232010 

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