Workflow Guide
M
Workflow Guide
Tax Reporting
How to Connect M1 for Tax Reporting
Generate cost basis reports, capital gains summaries, and transaction exports for tax filing workflows.
Implementation steps
- 1
Confirm all relevant accounts are connected and synced through the current tax year.
- 2
Review cost basis calculations (FIFO) and flag wash sale adjustments where applicable.
- 3
Export transaction summaries and gain/loss reports for tax filing or advisor handoff.
Required evidence
- Cost basis calculation (FIFO)
- Capital gains and loss summaries
- Transaction export for tax filing
M1-specific considerations
- Track M1 balances and performance in one unified dashboard.
- Compare M1 portfolio movement against other account types.
- See M1 allocation in the context of total net worth.