Surprise! 2024 Schwab taxable account 1099s available!

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samsoes
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Surprise! 2024 Schwab taxable account 1099s available!

Post by samsoes »

Just an FYI -- the 1099 Composite forms which (for me) usually aren't available until mid-February are now available for 2024! I guess I'll be doing taxes tonight! :dollar
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123
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by 123 »

The 1099 is ready for our taxable account at Schwab as well. It's a simple account that only holds VTI.
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livesoft
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by livesoft »

We have a simple Schwab taxable account with no trades. No 1099 yet.

update: 12 minutes later and 1099 is now available
Last edited by livesoft on Tue Jan 28, 2025 5:44 pm, edited 1 time in total.
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nalor511
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by nalor511 »

Mine say by 2/14
WeakOldGuy
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by WeakOldGuy »

nalor511 wrote: Tue Jan 28, 2025 5:41 pm Mine say by 2/14
Same with me.
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RetiredAL
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by RetiredAL »

Looks like the 1099's are only for accounts with no Dec Trades. Accounts with Dec trades say 2/14.
rich126
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by rich126 »

My checking account has the 1099INT, my IRA has tax forms available but not my regular taxable brokerage account. That is still 2/14.
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UpperNwGuy
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by UpperNwGuy »

I had a December trade (bought ETF shares) in my taxable brokerage account, and I just printed off my tax form.
nalor511
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by nalor511 »

RetiredAL wrote: Tue Jan 28, 2025 6:11 pm Looks like the 1099's are only for accounts with no Dec Trades. Accounts with Dec trades say 2/14.
It isn't that.
GoldStar
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by GoldStar »

Whether or not it is ready has to do with what you are holding in it - not the last trades you made.
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CardinalRule
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by CardinalRule »

I manage my elderly mom’s account, and I see that her 1099 is now available - OP, thanks for the heads up. Her activity was limited to ordinary dividends and interest income throughout the year, plus one trade in April for the IVV S&P 500 ETF.

My availability is still showing as February 14.
boomer_techie
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by boomer_techie »

nalor511 wrote: Tue Jan 28, 2025 5:41 pm Mine say by 2/14
I guess I'm special, or s_l_o_w: The statement with a Vanguard REIT says 2/28. The other with December sales is 2/14.
khh
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by khh »

My Vanguard account had been saying the Tax Statement would be ready by Jan 29. I just looked and it now says by Feb 22.
trueblueky
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by trueblueky »

boomer_techie wrote: Wed Jan 29, 2025 1:49 am
nalor511 wrote: Tue Jan 28, 2025 5:41 pm Mine say by 2/14
I guess I'm special, or s_l_o_w: The statement with a Vanguard REIT says 2/28. The other with December sales is 2/14.
Distributions from REIT must be characterized as qualified dividend, not qualified, return of capital (which reduces basis). We see many corrected ones, so we generally recommend waiting until March to file with those.
VanGar+Goyle
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by VanGar+Goyle »

trueblueky wrote: Wed Jan 29, 2025 6:00 am
Distributions from REIT must be characterized as qualified dividend, not qualified, return of capital (which reduces basis). We see many corrected ones, so we generally recommend waiting until March to file with those.
That is very odd. Vanguard Real Estate, and REITs in general are usually mostly nonqualified dividend ( also referred to as ordinary dividends ).
Even the Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares VGRLX was only 16.11% qualified dividend income ( QDI ).
https://www.fool.com/investing/2022/01/ ... -dividend/
soretired
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by soretired »

Not ready til 2/28/25 for me.
trueblueky
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by trueblueky »

VanGar+Goyle wrote: Wed Jan 29, 2025 7:38 am
trueblueky wrote: Wed Jan 29, 2025 6:00 am
Distributions from REIT must be characterized as qualified dividend, not qualified, return of capital (which reduces basis). We see many corrected ones, so we generally recommend waiting until March to file with those.
That is very odd. Vanguard Real Estate, and REITs in general are usually mostly nonqualified dividend ( also referred to as ordinary dividends ).
Even the Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares VGRLX was only 16.11% qualified dividend income ( QDI ).
https://www.fool.com/investing/2022/01/ ... -dividend/
I'd say REIT distributions in general are mostly return of capital, which reduces basis.
GoldStar
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by GoldStar »

trueblueky wrote: Wed Jan 29, 2025 12:39 pm
VanGar+Goyle wrote: Wed Jan 29, 2025 7:38 am
That is very odd. Vanguard Real Estate, and REITs in general are usually mostly nonqualified dividend ( also referred to as ordinary dividends ).
Even the Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares VGRLX was only 16.11% qualified dividend income ( QDI ).
https://www.fool.com/investing/2022/01/ ... -dividend/
I'd say REIT distributions in general are mostly return of capital, which reduces basis.
Before I knew better I held the Vanguard REIT fund in taxable. And every year I would get my 1099 followed several weeks later by a 1099c.
RetiredAL
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by RetiredAL »

trueblueky wrote: Wed Jan 29, 2025 6:00 am
boomer_techie wrote: Wed Jan 29, 2025 1:49 am

I guess I'm special, or s_l_o_w: The statement with a Vanguard REIT says 2/28. The other with December sales is 2/14.
Distributions from REIT must be characterized as qualified dividend, not qualified, return of capital (which reduces basis). We see many corrected ones, so we generally recommend waiting until March to file with those.
My Dad's Wells Trade account had a REIT. Almost very year, one or more corrected 1099 was issued, sometimes as late at April 1. The corrections were always less than 50 cents and were always a downward adjustment. It was a PIA and when I 100% took over managing his financial affairs, I sold it.
student
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by student »

For me, it says Feb 14.
boomer_techie
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by boomer_techie »

VanGar+Goyle wrote: Wed Jan 29, 2025 7:38 am That is very odd. Vanguard Real Estate, and REITs in general are usually mostly nonqualified dividend ( also referred to as ordinary dividends ).
Even the Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares VGRLX was only 16.11% qualified dividend income ( QDI ).
https://www.fool.com/investing/2022/01/ ... -dividend/
Across the 14 years for which I have the distributions breakdown for Vanguard's VNQ ETF, there have been qualified dividends, long term capital gain distributions, return of capital, section 1250 payments, and section 199A payments.
gavinsiu
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by gavinsiu »

Mines is still pending.
VanGar+Goyle
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by VanGar+Goyle »

boomer_techie wrote: Thu Jan 30, 2025 2:52 am
VanGar+Goyle wrote: Wed Jan 29, 2025 7:38 am That is very odd. Vanguard Real Estate, and REITs in general are usually mostly nonqualified dividend ( also referred to as ordinary dividends ).
Even the Vanguard Global ex-U.S. Real Estate Index Fund Admiral Shares VGRLX was only 16.11% qualified dividend income ( QDI ).
https://www.fool.com/investing/2022/01/ ... -dividend/
Across the 14 years for which I have the distributions breakdown for Vanguard's VNQ ETF, there have been qualified dividends, long term capital gain distributions, return of capital, section 1250 payments, and section 199A payments.
Is that true for the last 2 or 5 years? I only see Dividends and much smaller return of capital.
https://investor.vanguard.com/investmen ... tributions
mrsbetsy
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by mrsbetsy »

Mine still says "pending document will be available 2/14/2025"

Lucky you. We have ours done and just awaiting this document.
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alpenglow
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Re: Surprise! 2024 Schwab taxable account 1099s available!

Post by alpenglow »

mrsbetsy wrote: Mon Feb 03, 2025 8:50 am Mine still says "pending document will be available 2/14/2025"

Lucky you. We have ours done and just awaiting this document.
I'm still waiting on Schwab too (2/14). And TastyTrade (2/8).
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