This article explains how to download and view your realized gains (closed tax lots) for all M1 Invest accounts, including information specific to Individual, Joint, and other account types. Step-by-step instructions are provided for both the M1 platform and Apex Clearing, depending on your account and activity date.
How to download Realized Gains for M1 Individual or Joint Brokerage accounts
You can access realized gains (closed tax lots) directly on the M1 web platform.
Note: This feature is only available on M1 Web at this time.
Steps:
Log in to your M1 account on the web.
Go to your Invest tab.
Click the Holdings tab.
Click the Download menu and select either:
Open tax lots (for current holdings)
Closed tax lots (for realized gains)
Download the file as a CSV to review your tax lot details.
Note: 2023 closed lot data for accounts managed by M1’s self-clearing platform will only include closed lots after the migration date. For closed lots prior to migration, see the next section.
How to access Realized Gains for other account types or historical data
For access to realized gains prior to self-clearing migration or for non-standard accounts, you will need to use Apex Clearing’s online portal.
If you have not created an Apex account login
Create your Apex Clearing account:
Go to apexclearing.com and click the Login in the top right.
Select Apex Clearing.
Click Create a User ID under the Log In area.
Enter your M1 Invest Account number (located in your M1 settings).
Enter your Social Security Number for verification.
Provide your email address (consider using your M1 email for consistency).
Choose a security question and create your user ID and password.
If you have created existing Apex account login
Add multiple M1 Invest accounts:
Log in to Apex.
Click the Apex Online Menu at the top, then Add Accounts.
Enter any additional M1 Invest account numbers you wish to link.
Download Realized Gains from Apex
Go to apexclearing.com and click the profile (silhouette) icon in the top right.
Select Apex Clearing and log in with your Apex credentials (not your M1 login).
Enter your M1 Invest Account number in the search bar near the top left.
Click the Apex Online Menu, then select Cost Basis.
By default, you'll see current unrealized gains. Click the Closed Positions tab to view realized gains.
Select Export to CSV to download the information.
Note: Apex data is especially relevant for any closed lots before your account migrated to M1’s self-clearing platform.
Frequently asked questions (FAQ)
Invest Holdings tab FAQ
What is cost basis?
Cost basis is the total price paid to acquire a security, including commissions and fees. Learn more here.
What is average price?
Average price is the per share price paid for a position, including fees, calculated by total cost divided by shares.
Are there limitations with this data?
Intraday activity: Cost basis and average price may not reflect today's trades; updates typically occur the next business day.
Account transfers: Cost basis for newly transferred accounts may not display for up to 30 days.
Corporate actions: Recent corporate actions may delay cost basis updates for affected securities.
Important: The information displayed should NOT be used for tax reporting. It is general and for informational purposes only.
Tax Lot download FAQ
What is a tax lot?
A tax lot is a record created every time a security is purchased, capturing its purchase date, quantity, and price (cost basis).
Difference between open and closed tax lots?
Open tax lots: Holdings you still own.
Closed tax lots: Holdings you have sold or disposed of.
Limitations for tax lot downloads:
Files reflect data as of the previous trading day only.
Recent transfers may result in missing data for up to 30 days. Contact M1 if your data is still not available after 30 days.
2023 closed lots on the M1 platform show only post-migration data; pre-migration data is at Apex.
What do the columns in the tax lot download files mean?
SYMBOL: The trading symbol of the security
CUSIP: Security’s unique identifier
ACQ DT: Acquisition (purchase) date
QTY: Shares in the lot
LT/ST: Long Term / Short Term holding indicator
WASH SALE INDICATOR: Whether lot basis changed due to a wash sale
M1 TAX LOT ID: Internal system ID
For Open Lots
UGL: Unrealized gain/loss
COST BASIS: Current cost basis (may change due to corporate actions, wash sales, etc.)
For Closed Lots
COST BASIS: Cost basis at closing
CLOSE DATE: Date lot was sold
ST GL: Short term gain/loss
LT GL: Long term gain/loss
DISALLOWED LOSS AMT: Loss not allowed due to wash sale rule
Note: Cost basis may change due to corporate actions, wash sales, etc.
M1 and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only. It is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.
All investing involves risk, including the risk of losing the money you invest. Brokerage products and services are offered by M1 Finance LLC, Member FINRA / SIPC, and a wholly owned subsidiary of M1 Holdings, Inc.
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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