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Annual Tax Info to Know

Tax season is around the corner, so to help you prepare, we've answered some frequently asked questions about the forms you may need to submit related to your investments through Bumped.

The following is provided only for informational purposes. Bumped does not offer legal or tax advice. Please consult with a tax or legal professional for individual support.

Frequently Asked Questions:


Could Bumped affect my taxes?

Yes, under specific circumstances. You will receive a 1099 tax form if you sold any amount of stock, or received $600 or more of stock rewards, or received $10 or more in dividends in 2020.

Related article: Could Bumped affect my taxes?

What is a 1099 and why did I receive this?

You may receive a 1099 form if you earned income from a non-employer source in 2020. This may be related to your investments through Bumped. If you receive one, you may need to report it on your tax return.

When will I receive my 1099 form?

If eligible, your 1099 will be available to download via the Bumped app by Tuesday, February 16th, 2021. You will receive an email notifying you when your documents are ready.

Related article: View Statements and Documents

How can I get my 1099?

To download your 1099 tax form, first open your Bumped app.
  1. Open up the Bumped app and select Menu on the left-hand side
  2. Tap Documents at the bottom right-corner of the Menu
  3. Tap on your 1099 doc; it will be listed there when it is available
  4. Download the PDF to your phone and email the document to yourself in order to access it on your computer

Have any questions about your Bumped 1099 form? Send us a support message through the app: Menu -> Messages or email us at mailto:[email protected].

Bumped Financial LLC does not offer financial advice; please consult a tax professional for specific questions about filing your taxes.

Why did I not receive any tax forms from Bumped this year?

If you did not receive a 1099 tax form by February 16, 2021, you did not have any qualifying events in 2020.

Related article: What variations of the 1099 am I eligible for?

I've closed my Bumped account. How can I get my 1099?

Even if your Bumped account is closed, you can still view your tax documents in the Bumped app.

Simply re-download the Bumped app, log in with your previous credentials, select "Documents" in the Menu tab, and you'll see your tax documents there when they're ready. You can download your 1099 as a PDF to your phone and email it to yourself to access it on a computer.

What variations of the 1099 am I eligible for?

Depending on your account, you may receive different types of 1099 forms.

You will receive a 1099-B form if:

  • You sold any amount of stock in 2020, regardless of the amount.

You will be given a 1099-DIV form if:

  • You received $10 or more in dividends in 2020.
  • You can cross-check your dividend payments via the Bumped app by clicking on the Menu and selecting "History." You'll see your dividends marked with a light blue "D" in a circle. You can also review them in your "Documents" tab.

You will be given a 1099-MISC form if:

  • You received $600 or more worth of stock rewards in 2020.

If you receive a 1099 form, you may be responsible for reporting the information it contains to the IRS. Talk to your Certified Public Accountant or tax professional or visit the IRS website to help determine which processes apply to you. Should you have further questions related to accessing your forms, please send our support team a message through the app or via email at [email protected].

What Federal Tax ID Number should I include on my forms?

Apex Clearing is a broker-dealer that provides clearing services for Bumped Financial LLC. This means that they handle certain services for your account such as reporting, so you may see Apex on your 1099 documents related to your stock with Bumped.

Apex’s Employer Identification Number (EIN), or Federal Tax ID Number, is 13-2967453.

You can also find this number on your Form 1099 tax document.

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The Bumped app and website are operated by Bumped, Inc. Brokerage services are provided by Bumped Financial LLC, member FINRA ↗/SIPC ↗. More about Bumped Financial LLC on FINRA’s FINRA BrokerCheck website ↗

Investing in securities involves risk, including possible loss of principal: Not FDIC Insured • No Bank Guarantee • May Lose Value. Past performance is not a guarantee of future results. Nothing on this site should be construed as an offer to purchase or sell securities.

Any market, economic and / or performance data shown is for hypothetical and illustrative purposes only. Data does not represent actual results.  Participation is only for investors who understand and agree to the risks inherent in their Bumped Accounts. Only qualifying purchases made according to the terms and conditions are eligible for stock rewards. Bumped does not charge brokerage fees. Bumped reserves the right to restrict or revoke any and all offers at any time.

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Investors receive shares of ETFs as rewards. Investors should consider their investment objectives, risks, carefully before investing. This and other information are found in the fund prospectus. Please read the prospectus carefully before you choose to invest.

Rewards are accrued for investment after qualifying purchases, but may be reversed if the qualifying transaction is later reversed. Bumped does not assume the risk of market movements for returned items or disqualified transactions. 

Bumped Inc., its subsidiaries, agents, and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services, and make no representation as to the completeness, suitability, or quality thereof.

A few notes on fractional shares: they’re typically not transferable between brokerage firms. If you want to transfer your Bumped account, you may have to sell your fractional shares first. Fractional shares can’t be put into certificate form or physically mailed, nor do they have voting rights.