SoFi Invest
About SoFi Invest
- What is SoFi Invest?
- What types of SoFi Invest accounts do you offer?
- Who is eligible for a SoFi Invest account? Do I have to be a US Citizen or a Permanent Resident?
- How do I create an Invest account? How long does it take to open a SoFi Invest account?
- Why is my SoFi Invest account pending?
- Why am I getting an error when I try to open a SoFi Invest account?
SoFi Invest Information
- How many Invest accounts can I have?
- Why is my Invest application pending?
- I received a notification stating I need to finish my application. What is needed?
- How do I add funds to my SoFi Invest account?
- How do I set up a joint Invest account? / How do I add a joint holder to my Invest account?
- How do I withdraw cash from my SoFi Invest account?
Tax Preparation-Invest
- Why have I received a corrected 1099? / What do I do if I receive a corrected 1099?
- Why haven't I received an email for my 1099 from SoFi for my Invest account? Where can I retrieve my 1099?
- What is a reportable tax activity for SoFi Invest?
- What tax documents will be prepared for my SoFi Invest account?
- SoFi Invest account tax forms
- Will SoFi prepare required tax documents for me, including 1099-B + 1099-DIV? (Active Invest)
Crypto
- Do day trading rules apply to Cryptocurrency?
- Why can't I buy Dogecoin while still being able to buy other cryptocurrencies?
- What is Crypto?
- What is the Crypto bonus?
- How do I get started with Crypto?
- How do I buy and sell Crypto?
Active Investing
- Are you going to continue to allow members to trade?
- Why isn't my trade going through?
- Is Active Invest a Margin Account?
- Why did my trade price change?
- Does SoFi have enough capital to clear trades/post collateral?
- Can I sell shares using a FIFO or LIFO method?
Automated Investing
- How do I make a 401k rollover from another institution to SoFi Roth IRA?
- Who do I make a rollover check out to?
- How do I create (not fund) an Automated Invest account?
- Can I request that my money be invested in certain stocks in my Automated Invest account?
- Does contributing to a SEP affect my ability to make annual IRA contributions?
- Are there Roth versions of SEP IRAs?
Account Maintenance / Management
- How do I remove a fully linked bank account from my SoFi Invest account?
- How do I set up a one-time contribution to my SoFi Invest account?
- How can I transfer an account to SoFi Invest?
- How do I remove funds from a joint (community) Invest account?
- How do I set up a recurring contribution?
- When does my monthly Invest statement become available? / How often do you provide statements?
IRA Contributions
- Can I open multiple IRA accounts?
- Will my automated funding into my IRA account automatically stop once I reach the $6,000 limit?
- Does SoFi Invest support inherited IRAs?
- Does SoFi offer custodial Roth IRA accounts?
- Does SoFi offer SoFi traditional IRA conversion to SoFi Roth IRA?
- How do I check if my IRA account is active?
Recurring Investments
Social Investing
- How do I turn on/off my SoFi Invest social sharing? / How do I enable or disable Social Investing on my account?
- What is SoFi's Social Investing feature?
- Can anyone see my profile and investing activity when using the Social Investing feature?
- What information is made available to others as part of SoFi’s Social Investing feature?
- How can I see my Invest profile?
- What account types can have Social Investing enabled?
Dividend Reinvestment
- How does dividend reinvestment at SoFi work?
- Is “Dividend Reinvestment” optional?
- Can I start or stop dividend reinvestment at any time?
- What investments are eligible for dividend reinvestment?
- What account types are eligible for dividend reinvestment?
- How will I know when a dividend has been reinvested?