SoFi Invest Taxes Explained In 3 Easy Steps

🔮 We're breaking down how to pay your SoFi taxes on your stocks and crypto in your SoFi investing app portfolio. Plus, learn how to maximize your tax savings. 🔽🔽🔽
📗 5 Best Tax Software Compared: • 5 Best Tax Software Fo...
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☑️ Video Timestamps:
0:00 - Intro
0:16 - SoFi Taxes Explained
0:25 - What You Won't Owe Taxes On
0:55 - What You Will Owe Taxes On
1:06 - Capital Gains Explained
1:30 - Short vs Long Term Capital Gains
2:59 - Dividends and Taxes
4:46 - Capital Losses Explained
6:10 - Capital Loss Carryovers
6:41 - SoFi Crypto Taxes
7:44 - How To Pay SoFi Taxes
8:24 - SoFi Tax Document 1099
10:11 - Recommended Tax Software
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★ INVESTING DISCLAIMER: This video, and UA-cam channel, are educational and NOT financial or investing advice. I am not an investing professional nor do I offer suggestions on individual stocks. I share my opinions and experience on investing apps and platforms. Please invest at your own discretion.
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About this video:
In this SoFi review, Erik from Everyday Investing goes over how to file your SoFi app taxes. He'll discuss how to know if you owe taxes as well as what to do with your tax forms once you download them from your SoFi Invest app.
* Sponsorship Disclaimer:
Today's video is not sponsored and all the opinions expressed in this video are from my own thoughts and experience.
**Affiliate Disclosure:
This video and description contain affiliate links. As an Amazon Associate and an affiliate of other companies, I earn fees from qualifying purchases and referral commissions from qualifying leads and registrations.
If you have any questions about this SoFi tutorial or the SoFi Investing app, feel free to drop me a comment below and I will do my best to answer it as soon as possible!
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[@EverydayInvesting]

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[@bruces148]

Sofi doesn't provide any 1099 for its crypto section. It gives you a transaction History CSV file. What am I suppose to do with this? It should of provide 1099 or 8949 form

[@TheForexApostle]

This is great, very easy steps that can be done by anyone.