When you use the same Pie in more than one M1 account, moving Slices between Pies in one account can affect your other accounts. Understanding how these changes work will help you avoid unexpected trades and potential tax consequences.
What happens when you move Slices in shared Pies
Moving Slices between Pies in the same account does not trigger trades or taxable events in that account.
If a Pie is shared across multiple accounts, changes you make to that Pie in one account will update the Pie everywhere it’s used. This may trigger trades and, if applicable, taxable events in other accounts.
Note: You cannot move Slices directly between accounts (for example, from one M1 Individual Brokerage Account into a different M1 Individual Brokerage Account).
Example: Moving Slices from a shared Pie
Suppose you move Slices from Pie A into Pie B within your Roth IRA.
Your Roth IRA will not experience trades from this move.
However, if Pie A is also used in your Individual Brokerage Account (but Pie B is not), your brokerage account will show Pie A with the removed Slices. M1 will sell out of those Slices during the next trade window—these are taxable events.
How to avoid unexpected sells or taxable events
To prevent automatic sells in accounts sharing the edited Pie, take the following steps before your next available trade window:
Go into every other account with Pie A
Add the Slices that were removed back into Pie A
Save Pie A
Move the Slices out of Pie A to another Pie within the same account.
Moving Slices in this way ensures the changes are intentional and prevents automatic sells triggered by Pie updates.
Example: Moving Slices into a shared Pie
If Pie B (from the previous example) is used in your Traditional IRA as well as your Roth IRA:
If the Slices you move into Pie B already exist in Pie B in your Traditional IRA, they will be combined.
If the Slices are new to Pie B in your Traditional IRA, Pie B will now contain these new Slices.
If Auto-Invest is enabled, the next contribution to your Traditional IRA may prompt buys into these new Slices, adjusting your holdings automatically.
Example: Moving Slices between shared Pies in multiple accounts
Both Pie C and Pie D are used in your Individual Brokerage Account and Roth IRA. If you move Slices from Pie C into Pie D within your Roth IRA:
Slices are not automatically transferred between Pie C and Pie D in your brokerage account.
During the next trade window, sells and buys may occur to update Pie C and Pie D to match the changes, which could result in taxable events in your brokerage account.
To avoid unintended trades in other accounts
Go to each account with Pie C
Add the Slices you moved out of Pie C back into Pie C
Move these Slices to Pie D within each account that has Pie D
Important considerations
Always review Pie changes before confirming, especially if shared between multiple accounts.
Edits made in one account’s Pie can cause trades in other accounts during the next trade window, leading to tax consequences in taxable accounts.
You cannot move Slices between accounts directly.
Brokerage accounts on the M1 platform are either fully disclosed to APEX Clearing or cleared through M1 Finance LLC. Please look at your account statement to determine how your account is cleared.
All investing involves risk, including the risk of losing the money you invest. Past performance does not guarantee future performance. Using margin can add to these risks. Users utilizing APEX cleared margin accounts should review the APEX margin account risk disclosure before borrowing. Users utilizing M1 cleared margin accounts should review the M1 margin account risk disclosure before borrowing. M1 Margin Loans are available on margin accounts with at least $2,000 invested per account. Not available for Retirement or Custodial accounts. Margin rates may vary.
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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