If you have a taxable event, you'll receive the appropriate tax documents. Documents will be accessible through the app. Your tax form (Form 1099) will list Jiko Securities, Inc. as the payer, this is correct because Rivo partners with Jiko to custody your T-bill investments. T-bill earnings may be exempt from state and local taxes. We recommend consulting a tax advisor for your specific situation.
Investments in T-bills: Not FDIC Insured - No Bank Guarantee - May Lose Value. All U.S. treasury investments and investment advisory services provided by Jiko Securities, Inc., a registered broker-dealer, member FINRA and SIPC. Securities in your account are protected up to $500,000. For details, please see www.sipc.org. Banking services provided by Jiko Bank, a division of Mid-Central National Bank. Jiko Group, Inc. and its affiliates do not provide legal, tax, or accounting advice. You should consult your legal and/or tax advisors before making any financial decisions. This material is not intended as a recommendation, offer or solicitation for the purchase or sale of any security or investment strategy. See FINRA BrokerCheck, Jiko U.S. Treasuries Risk Disclosures and Jiko Securities Inc. Form CRS.