We’re coming to the end of January, so tax documents are starting to become available. Below is a schedule of when various tax documents will become available online.
January 20, 2023: Form 5498 available online; for use with contributions to, and year-end market values of, brokerage retirement accounts
January 20, 2023: Form 1099-R available online; for distributions from brokerage retirement accounts
January 21, 2023: 1099 Consolidated Tax Form, Mailing cycle 1, available online; for accounts holding securities with no anticipated reclassifications
February 11, 2023: 1099 Consolidated Tax Form, Mailing cycle 2, available online; for accounts holding securities with income reclassifications to date
February 25, 2023: 1099 Consolidated Tax Form, Mailing cycle 4, available online; for brokerage accounts holding later-issuer reclassifications (e.g., UITs, REITs)
These dates apply to documents from NFS. Right now, most Consolidated 1099’s look to be available on either cycle one or two. Tax documents form custodians other than NFS will be mailed based on their own schedules, but should be close to these timeframes.
If you have any questions on tax form availability, please let us know and we can look up when exactly to expect your forms.
As always K-1 tax forms typically come out slightly later in the season and we can look into those for you if you usually get one.
Don’t forget that you can sign up for e-notification to get a message as soon as your document is ready if you’re on investor 360. You can also download a copy of your tax document from the site.