Vanguard tax documents now becoming available

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rkhusky
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Vanguard tax documents now becoming available

Post by rkhusky » Tue Jan 14, 2020 9:00 am

Just downloaded my 1099-R. My notification email came at 3:30 pm EST yesterday. Wife's email arrived at 4:17 pm EST yesterday. The date on the document was 01/11/2020, but not sure when it was actually first available on the web site.
Last edited by rkhusky on Tue Jan 14, 2020 11:50 am, edited 2 times in total.

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RickBoglehead
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Re: Vanguard tax documents now available - MAYBE

Post by RickBoglehead » Tue Jan 14, 2020 9:18 am

This may be true IF the only holdings you have are Vanguard mutual funds.

I have some CDs, and one bond. I have no tax forms available.

Here is Vanguard's published timeline:

Looking for your 2019 tax forms?
Find out which forms we provide and when to expect them.

1042-S
What it's used for
For nonresident aliens to report amounts that are subject to income tax withholding.

Why you might receive one
You'll only get a 1042-S if you're a nonresident alien and:

From a nonretirement account, you received any dividend, short-term capital gains, or long-term capital gains distributions.
From a retirement account (including IRAs), you took any withdrawals.
You had any federal income tax withheld from those withdrawals (referred to as nonresident alien withholding).
If you haven't provided Vanguard with a completed Form W-8BEN to certify your foreign status, you may instead receive a 1099-B or 1099-DIV to report these activities.

When it will be ready
Late February for mutual fund accounts. Mid-March for brokerage accounts.

1099-B
What it's used for
To determine any taxes due on your sales of mutual fund shares and securities.

Why you might receive one
You'll get a 1099-B if, in a nonretirement account, you:

Sold or exchanged mutual fund shares (excluding money market funds).
Sold any individual securities.
Owned an individual stock that was part of a merger.
Owned an individual bond that matured.
Experienced a profit or loss on a regulated futures contract.†
What the form doesn't report
1099-B tax information
1099-B brochure: A guide to reporting investment capital gains and losses
When it will be ready
Mid-January for most mutual fund accounts.*
Late January for brokerage accounts with only Vanguard mutual funds and/or ETFs and simple securities that don't typically reclassify income.*
Mid-February for brokerage accounts with complex securities and additional mutual funds and/or ETFs.*
*Mutual fund or brokerage accounts with the REIT Index Fund and the Managed Payout Fund will be available mid-February.


1099-DIV
What it's used for
To determine any taxes due on your investment income.

Why you might receive one
You'll get a 1099-DIV if:

From a nonretirement account, you received ordinary or qualified dividend distributions, capital gains distributions, or foreign taxes paid.
From a tax-exempt bond fund or money market fund, you received interest dividends, including specified private activity bond interest.
But even if you meet these criteria, you might not receive a 1099-DIV—especially if your income totaled less than $10 for a particular investment.

Find out why you might not receive Form 1099-DIV
If any of your Vanguard funds held direct U.S. government obligations in 2019, you'll also receive a separate instruction sheet with your 1099-DIV. You'll need both documents to report your state and local tax liability.

1099-DIV tax information
1099-DIV brochure: A guide to reporting Vanguard mutual fund dividends and capital gains distributions
When it will be ready
Mid-January for most mutual fund accounts.*
Late January for brokerage accounts with only Vanguard mutual funds and/or ETFs and simple securities that don't typically reclassify income.*
Mid-February for brokerage accounts with complex securities and additional mutual funds and/or ETFs.*
*Mutual fund or brokerage accounts with the REIT Index Fund and the Managed Payout Fund will be available mid-February.

1099-INT
What it's used for
To determine any taxes due on your investment income from fixed income investments.

Why you might receive one
You'll get a 1099-INT if, in a brokerage account, you owned an individual bond (or other interest-bearing investment) that paid taxable and/or tax-exempt interest.

(For mutual funds, this income is reported on your 1099-DIV.)

When it will be ready
Mid-February.

1099-MISC

What it's used for
To determine any taxes due on substitute payments for stocks.

Why you might receive one
You'll get a 1099-MISC if, in a nonretirement margin account, you received substitute payments in lieu of dividends for individual stocks.

When it will be ready
Mid-February.

1099-OID

What it's used for
To determine any taxes due on individual bonds you bought at a discount.

Why you might receive one
You'll get a 1099-OID if, in a brokerage account, you owned an individual bond (or other interest-bearing investment) that was originally purchased at a discount—meaning that you paid less than face value. You're required to report a portion of that OID (original issue discount) each year you own the bond.

Form 1099-OID is issued even if you didn't receive a cash payment from the investment during the year.

Special note to owners of TIPS
When it will be ready
Mid-February.

1099-Q
What it's used for
To determine any taxes due on withdrawals from accounts used for education savings.

Why you might receive one
You'll only get a 1099-Q if you owned either an ESA or a Vanguard 529 College Savings Plan account and you:

Took a withdrawal.
Transferred assets from your Vanguard account to another financial institution.
When it will be ready
Mid-January.

1099-R

What it's used for
To determine if any of your retirement account transactions resulted in taxable income and/or may be subject to penalties.

Why you might receive one
You'll get a 1099-R if you owned a retirement account, like an IRA or employer-sponsored plan account, and:

Took a distribution.
Removed an excess contribution.
Converted to a Roth IRA.
Recharacterized a contribution.
Completed a rollover into an IRA.
When it will be ready
Mid-January for mutual fund accounts. Late January for brokerage accounts.

5498

What it's used for
To report your total annual IRA contributions.

Why you might receive one
You'll get a 5498 if you owned a retirement account (like an IRA or employer-sponsored plan account) and:

Made a contribution (including catch-up contributions) to an IRA between January 1, 2019, and April 15, 2020.
Converted to a Roth IRA.
Completed a rollover into an IRA.
Recharacterized a contribution.
While Vanguard sends a copy of this form to the IRS, it generally isn't necessary when you're preparing your tax returns.

However, it may be used the following year to help determine whether or not you need to take a required minimum distribution (RMD).

When it will be ready
Mid-May (for all account types).

Why May? Because contributions can be made until April 15 for the previous tax year.

5498-ESA
What it's used for
To report your total annual education savings account (ESA) contributions.

Why you might receive one
You'll get a 5498-ESA if you owned an ESA and:

Made a contribution.
Transferred assets from another institution to your Vanguard account.
This form is primarily for your records. It generally isn't necessary when you're preparing your tax returns.

When it will be ready
Late April.
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jebmke
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Joined: Thu Apr 05, 2007 2:44 pm

Re: Vanguard tax documents now available

Post by jebmke » Tue Jan 14, 2020 9:23 am

I have found most stuff is available by March. Sometimes corrections follow. By April I have a reasonable enough stab at my tax liability to pay up with the extension.

Always a good idea to reconcile your financial statements and your tax statements. The results can sometimes surprise you. More than once a poor sole has converted an account from MF to brokerage mid-year, jumped the gun on filing taxes with only the MF part and had to amend fairly quickly.
When you discover that you are riding a dead horse, the best strategy is to dismount.

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