Do brokerages and credit unions put out tax info. before Jan. 31

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iamblessed
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Do brokerages and credit unions put out tax info. before Jan. 31

Post by iamblessed » Mon Jan 13, 2020 2:47 pm

What is your experience with this?

deltaneutral83
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by deltaneutral83 » Mon Jan 13, 2020 2:49 pm

Regardless of when your official 1099 comes in the mail or posts online you can sort your transactions (1/1/2019-12/31/2019) and see dividends in a taxable account.

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RickBoglehead
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by RickBoglehead » Mon Jan 13, 2020 2:54 pm

Each organization often publishes their timeline.

Here's Vanguard's timeline - https://investor.vanguard.com/taxes/tax-forms/ as an example.

Mid-February for most brokerage forms.
deltaneutral83 wrote:
Mon Jan 13, 2020 2:49 pm
Regardless of when your official 1099 comes in the mail or posts online you can sort your transactions (1/1/2019-12/31/2019) and see dividends in a taxable account.
Gives you no information as to qualifying dividends or foreign tax credits.
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livesoft
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by livesoft » Mon Jan 13, 2020 3:04 pm

Some do; some don't. I have some tax forms from WellsFargo already.
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deltaneutral83
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by deltaneutral83 » Mon Jan 13, 2020 3:04 pm

RickBoglehead wrote:
Mon Jan 13, 2020 2:54 pm

Gives you no information as to qualifying dividends or foreign tax credits.
I usually take a look first week of Jan and typically use last year's numbers on QDI/foreign tax credit to get a really close estimate right off the bat as to my tax burden rather than wait until Mid Feb which seems to be when I get my last one posted or mailed.

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changingtimes
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by changingtimes » Mon Jan 13, 2020 3:43 pm

I got my 1099-rs from Vanguard today.

(The electronic versions)

abner kravitz
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by abner kravitz » Mon Jan 13, 2020 4:11 pm

I never get my Fidelity Brokerage 1099 before the end of February.

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Flobes
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by Flobes » Mon Jan 13, 2020 5:57 pm

iamblessed wrote:
Mon Jan 13, 2020 2:47 pm
What is your experience with this?
Just received emails: my first two Vanguard 1099s are now available online.

retiredjg
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by retiredjg » Mon Jan 13, 2020 6:01 pm

Got my 1099 from Vanguard electronically today.

I think your employer has to do everything by the end of January, but financial institutions have until mid Feb to get it all done.

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RickBoglehead
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by RickBoglehead » Mon Jan 13, 2020 6:03 pm

Vanguard Brokerage 1099s will be mid February. Mutual fund (old platform) are January.
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RetiredAL
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by RetiredAL » Mon Jan 13, 2020 6:42 pm

livesoft wrote:
Mon Jan 13, 2020 3:04 pm
Some do; some don't. I have some tax forms from WellsFargo already.
Sure not my experience in getting my Dad's taxes done. For the last several years, my Dad's Wells Fargo Advisor account would issue 1099 around the end of Feb with the note that it was not "final". The corrected 1099 would show up around April 1st. The changes usually were under $1 and related to a REIT fund.

This will not be an issue this year. That account is now 'self directed' by me and the offending fund was sold Dec 2018. Today that account's equity holding is only a simple SP500 ETF. Gone are 20+ funds, inculding that REIT.

Too bad our system does not recognize a de minimis amount and just let it carry forward to the new tax year.

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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by Broken Man 1999 » Mon Jan 13, 2020 7:03 pm

RickBoglehead wrote:
Mon Jan 13, 2020 6:03 pm
Vanguard Brokerage 1099s will be mid February. Mutual fund (old platform) are January.
We are on the brokerage platform and our 1099R forms are available. Received the emails stating they were ready, and they are ready to be downloaded.

Of course really no new info as I always know how much we have drawn out in yearly total at the end of every month. It is nice that the 1099Rs match with the number I had already calculated.

Broken Man 1999
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RickBoglehead
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by RickBoglehead » Mon Jan 13, 2020 8:00 pm

Broken Man 1999 wrote:
Mon Jan 13, 2020 7:03 pm
RickBoglehead wrote:
Mon Jan 13, 2020 6:03 pm
Vanguard Brokerage 1099s will be mid February. Mutual fund (old platform) are January.
We are on the brokerage platform and our 1099R forms are available. Received the emails stating they were ready, and they are ready to be downloaded.

Of course really no new info as I always know how much we have drawn out in yearly total at the end of every month. It is nice that the 1099Rs match with the number I had already calculated.

Broken Man 1999
Depends what you hold in the account, as the Vanguard page I linked to says.
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livesoft
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by livesoft » Mon Jan 13, 2020 8:51 pm

And a Vanguard tax form appeared today.
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iamblessed
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Re: Do brokerages and credit unions put out tax info. before Jan. 31

Post by iamblessed » Tue Jan 14, 2020 9:31 am

I think Vanguard has moved up their date I use to get them mid Feb. now it looks like late Jan. I am guessing to match Fidelity.

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