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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, or if corrected after March 15, 2024, it will be generated the following week.

Wave 1 - February 15,  2024

● 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 - March 1, 2024

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

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

   ○ Corrections for original tax forms sent in Wave 1.

      ■ All corrections for Wave 2, must be submitted and completed by Wednesday February 21, 2024.

Wave 3 - March 15, 2024

● All remaining Original 1099s will be generated and available in the online portal.

   ■ All corrections for Wave 1 and 2, must be submitted and completed by Friday March 1, 2024.

Corrected 1099s

● Corrected 1099s will be generated in each wave until March 15, 2024 and then weekly until the week of April 7, 2024, as the filing deadline is Monday April 15, 2024.