M1 integration with TurboTax and H&R Block

M1 seamlessly integrates with TurboTax and H&R Block tax filing software to allow you to import tax data from your Invest account(s). This article shows you how to find your M1 Invest account number(s) and how to connect your M1 account to your tax software.

• Tax data timeline
• Finding your M1 account number(s)
• Connecting with TurboTax
• Connecting with H&R Block
  

 

Tax data timeline

It may take up to 48 hours after a tax document is received for its data to be available to import into TurboTax or H&R Block. If it has been more than 48 hours since your tax document has arrived, please contact our team and we will review your account.

If you receive a corrected tax document, it may also take up to 48 hours to import the corrected data into TurboTax or H&R Block.

We know tax season can be overwhelming, so our Client Success team is here to help you. If you have further questions, please contact us.

 

Finding your M1 account number(s)

To locate your M1 account number: 

1. Navigate to your account settings
2. Click "Accounts"

3. The account number for each account will be displayed to the right of the account name.

 

Connecting with TurboTax 

1. Start a new return in Turbo Tax
2. Select “Federal,” then select “Wages & Income”
3. Answer the following prompts
4. You will then connect directly to the financial institution. Click “Continue”
5. On the next screen you will need to enter “M1 Finance” into the field “I’m looking for”  Select “M1 Finance” and then press “Continue”
6. You will then be presented with a login screen. Your log in credentials will be the following: 
   • Login: M1 account number 
   • Password: Your Social Security number 

If you have more than one account number with a tax form - you will need to add each account  individually. 

Please note: TurboTax contains data import limitations. If there are more than 500 1099-B transactions per return, we recommend utilizing the desktop version of the application. This will allow you to import up to 2,200 transactions from your 1099-B. If the total number of transactions in your 1099-B exceeds 2,200, TurboTax’s import function may not work.

 

Connecting with H&R Block 

1. Start a new return in H&R Block
2. Select “Federal”, then click on “Add income"
3. Select “Investments” and “1099-B Sale of stocks, bonds, mutual funds, and other securities”
4. Click “Yes” for “Finished adding income?”
5. Click “Start” and “Other” for “What’s the financial institution on this 1099-B”
6. Type “Apex” next to “Financial Institution” and select “Apex Clearing Corporation” from the drop-down. Click “Next” 
7. Enter your account number in the “Apex User ID" field. 
8. Apex Password is your Tax ID (usually your social security number). Click “Import” 
9. If the import was successful, you will see a summary of imported transactions. 

If you have more than one account number with a tax form - you will need to add each account individually. 

 

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.

M1 disclosures here.