Important 2018 Tax Information
Tax time is almost here! January 28th is the date the IRS is giving for tax returns to begin being accepted. I wanted to provide some important updates, key dates and useful information for the 2018 tax season.
For your tax forms related to your taxable investment accounts, our custodian will send out the 1099 Composite in two mailings:
In early February 2019, 1099s will be sent out for accounts that hold investments for which they have all necessary tax information, including stocks, options and money market funds/cash deposit interest;
In mid-February 2019, 1099s will be sent out for accounts that contain at least one investment for which the issuer can't provide information on time for the earlier mailing. Examples include ETFs and mutual funds, fixed income, REITs, UITs, WHFITs, and U.S. and foreign stocks that have been reclassified in the past;
For securities that provide tax information via a K-1, we will let you know individually when those become available – please be advised that some can take up to early March for availability.
So, the mailing dates of your tax forms will depend on the types of investments you hold. The 1099s and K-1s are delivered by the U.S. Postal Service. Please allow several additional days to receive your paper 1099 Composite. Lastly, if any of your information (physical or e-mail address) has changed, please let us know now so that there is no delay in receiving your documentation. Of course, we have copies, too! If you have any questions, please don’t hesitate to contact the office. Happy Tax Season!