Taxes & Documents for OnePay Invest

How do I view my statements, confirmations, and tax forms?#

You can access all of your Invest documents directly in the OnePay app. Your monthly statements, daily trade confirmations, and year-end tax forms (like 1099-B or 1099-DIV) are provided by DriveWealth and available in the OnePay app.

To view them:

• Open the OnePay app

• Tap Profile, then Statements & Documents

• Select Statements, Tax Documents, or Legal Documents

• Choose Invest

What’s a trade confirmation?#

A trade confirmation is like a receipt for your trade. It shows details such as what you bought or sold, the date and time, the price per share, total amount, and any fees or adjustments. Trade confirmations are made available the day after your trade.

You can check your Transaction History in the OnePay app to see your trade confirmations the day after your trade.

When will I receive my tax forms?#

Your year-end tax forms for Invest will be available in the OnePay app by the end of February. These forms typically include Form 1099-B or 1099-DIV for reporting your stock and ETF activity.

To view your tax forms:

• Open the OnePay app

• Select Profile, then tap Statements & Documents

• Select Tax Documents, then select Invest

Do I have to pay taxes on my investment gains?#

Yes. When you sell stocks or ETFs for a profit, those gains may be taxable and need to be reported when you file your taxes.

• Selling a stock or ETF for more than you paid may result in a capital gain.

• Selling for less than you paid may result in a capital loss, which could offset other gains.

• Your tax rate depends on how long you held the investment and your personal tax situation. 

OnePay doesn’t provide tax advice. If you have questions about your specific situation, we recommend speaking with a tax professional.

When I sell shares, which ones are sold first?#

When you sell shares, OnePay Invest uses the FIFO method (First In, First Out)  to decide which shares to sell first. This means the oldest shares you bought are sold before newer ones. At this time, you can’t manually choose which shares to sell. The shares that are sold determine your realized gain or loss, which is used for tax reporting.

Are dividends taxed?#

Yes, dividends you earn may be taxable.

Qualified dividends may be taxed at a lower rate, while non-qualified dividends are taxed as ordinary income. If you earn dividends, a Form 1099-DIV will be available by the end of February.

To review your Invest tax documents in the OnePay app:

• Open the OnePay app

• Tap Profile

• Select Documents

• Choose Invest

OnePay doesn’t provide tax advice. If you have questions about your specific situation, we recommend speaking with a tax professional.

Where can I see my cost basis?#

Your cost basis (the amount you paid for your investments) is included on your annual tax documents, which will be available by the end of February.

To view these documents in the OnePay app:

• Open the OnePay app

• Tap Profile

• Select Statements & Documents

• Choose Invest