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What do I need to know about tax reporting for my Groundfloor investments?

Josh avatar
Written by Josh
Updated over a week ago

First, please be sure your tax information is updated. If you need to update it, follow these steps:

  1. In your account, click on the person icon on the top right-hand corner and then select 'Tax Center'.

  2. From there, make sure to select if you are filing as an individual or a business.

    1. For an individual, Enter your SSN/ITIN, legal first, middle & last names

    2. Enter the appropriate phone number and address.

    3. For a business, Enter the appropriate EIN and make sure to include the Business Name when prompted.

You are able to enter separate information for your sub-accounts if you so desire.

Once your tax information is submitted, by January 31 of the following year, you can then download your tax form following these steps:

  1. In your account, click on 'Documents' from the left-side menu and then select the 'Tax Forms' tab.

  2. If accessing IRA tax forms, switch from the 'Statements' view to 'Tax Forms.'

  3. Click on the consolidated tax form link. Please note that you will be issued a separate consolidated form for each sub-account.

Within this document, you may have the following forms:

  • 1099INT - If you earned above $10 in interest for the prior tax year.

  • 1099B - If you encountered a principal loss from the prior tax year.

  • 1099DIV - If you earned more than $10 combined in dividends + return of capital in the prior tax year.

  • 1099MISC - If you earned more than $600 through promotional and/or referral credits for the prior tax year.

    For IRAs, tax documentation may not always be provided. Roth IRAs, for instance, typically do not generate tax forms as gains within these accounts are not taxed. If no tax form is available, it may be due to the account type or lack of taxable events.

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