At this time, M1 does not have realized gain information on the app or website.
If this is for an M1 Individual Brokerage Account:
To receive your realized gain information, please contact us.
If this is for any other account type:
You can view this information on our clearing firm, Apex Corporation's website.
Creating an account with Apex Corporation
1. Go to https://www.apexclearing.com/ and select the silhouette at the top right
2. Select “Apex Clearing”
3. Select "Create a User ID" below "Log In"
4. Select “Next”
5. The next screen will ask you for a Firm and an Account Number. Enter in one of your M1 Invest Account numbers.
6. Enter your Social Security Number to verify your identity
7. Provide your email address. For simplicity, you can use the same email you use with M1.
8. Select a security question and answer.
9. Create a user ID and password that you will use exclusively with Apex Corporation to download details again in the future.
Adding multiple M1 Invest Accounts to your Apex login
1. Click the "Apex Online Menu" at the top, then "Add Accounts."
2. To add an account, add your account number.
Download realized gains
1. Log in to https://www.apexclearing.com/ by navigating to the silhouette in the top right corner and selecting “Apex Clearing”.
2. Input your Apex username and password (this is different than your M1 login credentials).
3. Enter your M1 Invest Account number in the search bar near the top left. To find your M1 Invest Account number you can view the M1 settings.
4. Select the "Apex Online Menu" at the top then select "cost basis."
5. The default tab will show you the cost basis of your current unrealized gains. The "closed positions" tab near the top will show you your realized gains.
6. Then, select "Export to CSV" to view this information in Excel.
What is cost basis?
The total price paid to acquire a holding, including any fees at the time of purchase. This typically is the purchase price, but may be adjusted for various reasons.
What is average price?
The average price per share paid to acquire this position, including fees at the time of purchase. This is calculated by taking the total price paid to acquire a holding, including fees at the time of purchase, and dividing it by the number of shares acquired. The average price can change when shares are bought or sold.
What are the limitations with the average price and cost basis data?
Average price and cost basis displayed in-app may have certain limitations related to:
- Intraday trading activity: For example, adjustments for wash sales will not be reflected for intraday sell orders. These will be reflected on the trading day after the order is placed.
- Recent account transfers: Cost basis for account transfers may not be displayed for the 30 days following an account transfer, while they are being swept from your previous brokerage.
- Corporate actions: The exact cost for holdings may not be currently known because of a corporate action (e.g., stock splits, company mergers). Your account will continue to trade as normal and your cost basis will update in the next few days.
Your average price and cost basis displayed in-app should not be utilized for tax purposes. This information is general in nature and should not be considered tax advice.
If you have further questions, please contact us.
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.