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Tax implications of US Direct Indexing and Smart Beta

US Direct Indexing, Smart Beta, S&P 500 Direct, and Nasdaq-100 Direct Portfolios should not have a significant impact on the complexity or expense of filing your taxes. For clients who use Turbotax, follow our instructions to import your transactions automatically.

If you don’t use Turbotax, we provide a consolidated 1099 so you only need to report summary-level transactions, rather than entering each transaction individually. We suggest speaking with a tax professional about any potential tax considerations. See here for more details.

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Wealthfront Advisers and its affiliates do not provide legal or tax advice and do not assume any liability for the tax consequences of any client transaction. Clients should consult with their personal tax advisors regarding the tax consequences of investing with Wealthfront Advisers and engaging in these tax strategies, based on their particular circumstances. Clients and their personal tax advisors are responsible for how the transactions conducted in an account are reported to the IRS or any other taxing authority on the investor’s personal tax returns. Wealthfront Advisers assumes no responsibility for the tax consequences to any investor of any transaction. Wealthfront Advisers is not affiliated with Turbotax.

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