Vanguard REIT Fund Forms 1099

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Leesbro63
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Vanguard REIT Fund Forms 1099

Post by Leesbro63 » Tue Feb 13, 2018 7:42 am

Are the Forms 1099 related to Vanguard REIT posted at this point?

livesoft
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Re: Vanguard REIT Fund Forms 1099

Post by livesoft » Tue Feb 13, 2018 8:05 am

I thought one was supposed to keep REIT funds out of taxable accounts, so one would not be getting any 1099s for them.
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Runner01
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Re: Vanguard REIT Fund Forms 1099

Post by Runner01 » Tue Feb 13, 2018 8:18 am

No, it doesn’t look like 1099s are available yet. Vanguard says “mid February” and Turbo Tax says February 14th.

Leesbro63
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Re: Vanguard REIT Fund Forms 1099

Post by Leesbro63 » Tue Feb 13, 2018 10:08 am

livesoft wrote:
Tue Feb 13, 2018 8:05 am
I thought one was supposed to keep REIT funds out of taxable accounts, so one would not be getting any 1099s for them.
Generally that’s good advice. But there are exceptions

alex_686
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Re: Vanguard REIT Fund Forms 1099

Post by alex_686 » Tue Feb 13, 2018 10:16 am

REIT 1099 always come late. One has to wait for the underlying companies to file and report so the 1099 can be created. Remember, most of the dividends that REITs kick out are not ordinary income but something else. Be happy if you don't get a revised 1099 sometime in late March.

Leesbro63
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Re: Vanguard REIT Fund Forms 1099

Post by Leesbro63 » Tue Feb 13, 2018 10:31 am

livesoft wrote:
Tue Feb 13, 2018 8:05 am
I thought one was supposed to keep REIT funds out of taxable accounts, so one would not be getting any 1099s for them.
Generally that’s good advice. But there are exceptions

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DaleMaley
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Re: Vanguard REIT Fund Forms 1099

Post by DaleMaley » Fri Feb 16, 2018 6:19 pm

someone in our family holds the vanguard REIT fund in a taxable account.......and I do their income taxes every year.

In past years, the REIT fund was included in the 1099-DIV along with the other Vanguard funds.

for some reason Vanguard changed it this year, and 1099-Div's for the REIT fund will not be issued until late februrary........per a PM question given to vanguard by this person. Guess I can't finish this person's taxes until late feb.
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trueblueky
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Re: Vanguard REIT Fund Forms 1099

Post by trueblueky » Fri Feb 16, 2018 6:24 pm

alex_686 wrote:
Tue Feb 13, 2018 10:16 am
REIT 1099 always come late. One has to wait for the underlying companies to file and report so the 1099 can be created. Remember, most of the dividends that REITs kick out are not ordinary income but something else. Be happy if you don't get a revised 1099 sometime in late March.
Agree. I would not plan to prepare taxes in this situation until near the end of the filing period.

The AARP tax-prep where we volunteer will not prepare taxes using a broker statement until March. There are just too many corrections.

Leesbro63
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Re: Vanguard REIT Fund Forms 1099

Post by Leesbro63 » Fri Feb 16, 2018 6:34 pm

DaleMaley wrote:
Fri Feb 16, 2018 6:19 pm
someone in our family holds the vanguard REIT fund in a taxable account.......and I do their income taxes every year.

In past years, the REIT fund was included in the 1099-DIV along with the other Vanguard funds.

for some reason Vanguard changed it this year, and 1099-Div's for the REIT fund will not be issued until late februrary........per a PM question given to vanguard by this person. Guess I can't finish this person's taxes until late feb.
My experience has been not exactly that, but sort of. My experience with REIT in a taxable account has been that Vanguard will issue a composite type 1099-DIV, listing all of the funds that I own except the REIT fund. Then, by the due date (Feb 15th or a few days later if a weekend is involved) they REISSUE the composite form including the REIT fund. It creates confusion because there are two versions of the 1099-DIV composite floating around. For what it's worth mine posted this morning, Feb 16th (new composite with 1099-DIV for REIT fund included). Also for anyone selling taxable REIT fund, the 1099-B was the same...issued with everything except the REIT fund info then REISSUED about Feb 15th. I guess they can't correctly compute the basis for a REIT sale until they get all of the delayed dividend and non-dividend distribution info.

At any rate, check and I'll bet you are good to go now.

P.S. REIT dividend info has never been later than Feb 17th.

SlowMovingInvestor
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Re: Vanguard REIT Fund Forms 1099

Post by SlowMovingInvestor » Fri Feb 16, 2018 6:37 pm

I checked right now, and Vanguard has posted a 1099 for me with REIT ETF info included in 1099-DIV

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DaleMaley
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Re: Vanguard REIT Fund Forms 1099

Post by DaleMaley » Fri Feb 16, 2018 11:01 pm

just checked, and my relative's 1099-Div with the REIT fund added is now posted.

thanks
Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. – Warren Buffett

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