Frequently Asked Questions
Do I need to pay taxes on my Jiko account?
Yes. Your Jiko account invests in Treasury Bills by effecting trades. As a result of the trading activity, you may receive both 1) interest income and 2) capital gains/losses from your T-Bill investment. Both interest income and capital gains/losses must be declared to the IRS and are federally taxable.
Will I get tax documents if I use Jiko and which ones?
Yes, when tax season comes around, you’ll receive documents in January and in February as required by law. You can find them in the “Profile” tab of the Jiko app. If you don't see a "Tax documents" folder in the "Profile" tab, please update to the latest version of the Jiko app. If you earned $10 or more in interest income in 2019, you will receive a 1099-INT and will have to report that income on your tax return. If you earned less than $10 in interest with Jiko, we will not provide tax documents since you are not required to report interest income of less than $10 to the IRS. If you had funds in your brokerage account in 2019, you will have to report capital gains and losses. We will also be providing you a statement of the trades that have occured in your brokerage account and the resulting gains and losses.
Are there any tax benefits to Treasury Bills?
Interest accrued on all US Treasury securities, including short-term Treasury Bills, is exempt from taxation at the state and local level, but is fully taxable at the federal level. Tax benefits may depend on other factors such as your taxable income or personal cases, so please contact your tax accountant for advice. Learn more here.
How do I update my password?
To update your password, navigate to ‘My Profile’ in the Jiko app and tap ‘Update profile.’ On the “Update profile” page, select ‘Update password’ and follow the in-app prompts.
I’ve found a bug in the Jiko beta app. Who do I contact?
You can report any bugs or problems to our member service team at email@example.com. Please include the following:
- Your name
- Your registered email address
- Type of mobile device
- Mobile operating system (iOS or Android™)
- Bug description
- Steps to reproduce
- Screenshots of the problem (if available)
Thanks for helping to make the Jiko app an even better experience for our community!
How can I help to improve Jiko?
In addition to reporting bugs in the Jiko app, you can sign up to join our official UX testing community. Learn more and sign up here.
I still have a few questions. Where can I find answers?
For all other inquiries, please email us at firstname.lastname@example.org, and we’ll get back to you as soon as possible. We strive to reply to all messages within two business days.
To ensure you receive our response, please whitelist the jiko.io domain in your email client’s spam filter.