When will 1099s be available online

1099 Tax forms will be generated and released in Waves, since some accounts may require additional year end processing such as Dec/Jan wash sales, return of capital adjustments, income reclassifications etc.

● Accounts with income from securities that are known to adjust prior year income, will be held back for later waves, to ensure the Original 1099 tax form is accurate. These statements will be generated and available in the next wave after the adjustments are complete.

● Corrections to original 1099s will be generated in the following wave if made prior to March 14, 2025, or if corrected after, it will be generated the following week.

Wave 1 - January 31, 2025

● 1099s will be generated and available in the online portal for accounts that Do Not require any additional adjustments, such as wash sales, return of capital transactions, income reallocation.

Wave 2 - February 14, 2025

● 1099s will be generated and available in the online portal for:

1. Accounts that were not available in Wave 1, and had adjustments such as wash sales, return of capital transactions, and income reallocation.

2. Corrections for original tax forms sent in Wave 1.

● All corrections for Wave 2, must be submitted and completed by Wednesday February 5, 2025.

Wave 3 - February 28, 2025

● Accounts that were not available in Waves 1 and 2, and had adjustments such as wash sales, return of capital transactions, and income reallocation.

● All corrections for Wave 1 and 2, must be submitted and completed by Friday February 21, 2025.

Wave 4 - March 14, 2025

● All Original 1099s for accounts that were not available in Waves 1-3 will be generated and available in the online portal.

Corrected 1099s

● Corrected 1099s will be generated in each wave until March 14, 2025 and then weekly until the week of April 7, 2025, as the filing deadline is Tuesday April 15, 2025.