If you had a taxable event during the calendar year (for example, you sold stock, received dividends or interest), you will receive a consolidated Form 1099 tax document from Apex Clearing, our clearing firm, which you can access via the Public app.
Just a heads-up: if the total of funds received from your dividends or interest do not exceed $10, or if you did not sell stock during the tax year, you will not receive a brokerage tax document.
You will receive an email from our clearing firm, Apex Clearing when your 1099 forms are ready. All tax documents, including 1099 forms and crypto tax statements, will also be made available in the app. Please note that tax forms will be made available to Public members by mid-February.
If you bought or sold crypto assets on Public in the tax year, you will receive an annual crypto tax statement from Public. This tax statement provides details about your short-term and long-term gains and losses from cryptocurrency investments in the applicable tax year. When filing your taxes, you will use this crypto tax statement to complete IRS form 8949.
While Public does not offer tax advice, we’re always happy to help answer general questions via the app's Chat or via email at support@public.com.
None of the entities named in this article provide legal, tax, or accounting advice. You should consult your legal, tax, or financial advisors before making any financial decisions.