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Topics: Trade Motifs
What about taxes?
When you buy a motif, you own each stock it contains individually – that can be as many as 30 stocks. To do that, we actually place a separate trade for each stock. For each of those individual stock trades, Pershing LLC, our clearing partner, will provide you with cost basis and proceeds documentation.
One advantage of owning the individual stocks is you have greater control over the potential realization of gains and harvesting of losses.
You will receive a Form 1099 reporting the sale of any stock(s) made during the year.
Motif does not offer tax advice; we recommend you consult your tax advisor regarding your individual situation.