For an M1 Individual or Joint Brokerage Account:
Navigate to your Invest tab
Select the “Holdings” tab
Select the Download menu and choose from “Open tax lots” or “Closed tax lots”
At this time, this information can only be viewed on Web.
Please note: 2023 closed lot data will only include closed lots post migration to M1's self-clearing platform. Closed lots prior to the migration date are available via Apexclearing.com. Instructions on accessing this information can be found below.
For any other account type:
You can view your realized gain information on Apex'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.
FAQ
Invest Holdings Tab FAQ
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.
Tax Lot Download Information FAQ
What is a tax lot?
Each time you purchase a security, it creates a new tax lot. A tax lot is a record of a transaction and its tax implications, including the purchase date, number of shares, and cost basis. A new tax lot can also be created if only some shares in an existing lot are affected by a wash sale or if you open a short position.
What is an open vs. closed tax Lot?
Every time you buy shares, an open tax lot is created to track the date and the price of the purchased security. When part or all of an open lot is sold, that whole or partial lot is closed. You no longer own those shares and a closed tax lot is created to track the date and price of your sale.
What are the limitations of my tax lot details?
Tax lot details can be downloaded for open and closed lots. Limitations include:
Downloaded tax lot details reflect the trading day before today; intraday trading activity will not be reflected in the download.
Accounts which have recently been transferred may not show tax lot data. If it has been longer than 30 days since you transferred an account and your tax lot details are still missing, please contact us.
Please note that 2023 closed lot data for accounts managed by M1’s self-clearing will only include closed lots post-migration to M1's self-clearing platform. Closed lots prior to the migration date are available via Apex. Instructions on how to log into your Apex account to access this information can be found above.
What do the data fields mean in the Tax Lot Download files?
Open and closed lots | |
SYMBOL | Unique series of letters assigned to a security for trading purposes |
CUSIP | Unique identification number assigned to all stocks in the US & Canada |
ACQ DT | Date the lot was purchased or opened |
QTY | Number of shares in this lot |
LT/ST | Indicates whether the lot is considered held long term or short term |
WASH SALE INDICATOR | Indicates that lot basis and holding date have been adjusted by a wash sale |
M1 TAX LOT ID | System-assigned identification number |
Open lots | |
UGL | Unrealized gain/loss based on price as of prior trading date market close |
COST BASIS | Current cost basis of this lot** |
*Current cost basis may differ from original basis due to wash sales, corporate actions, return of capital or other events
Closed lots | |
COST BASIS | Cost basis as of lot closing** |
CLOSE DATE | Date lot was sold or otherwise disposed of |
ST GL | Short term gain or loss |
LT GL | Long term gain or loss |
DISALLOWED LOSS AMT | Amount of loss disallowed due to wash sale rule |
**Cost basis as of lot closing may differ from original basis due to wash sales, corporate actions, return of capital or other events.
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.
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