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2014 Form 1099 Mailing & Tax Filing

January 8, 2015
 
Depending on the holdings in your account, the custodian will begin mailing Forms 1099 on January 31, 2015.  Based on the holdings in the account it is possible that 1099s may be revised. Therefore, anyone with a taxable investment account should be patient in filing their tax return and wait until March to ensure the final 1099 has been received.

Please refer to the information below for additional details:

  •       January 31, 2015 – For accounts with no income reclassifications pending from issuers.  Generally, this includes accounts holding simple debt or equity-only investments and options.
  •       February 17, 2015 – For accounts with previously pending income reclassifications from issuers of mutual funds, certain unit investment trusts (UITs), real estate investments trusts (REITs) and certain equities.  Generally, this includes accounts holding mutual funds with high incidences of reclassification.  Account holders in this category will receive a pending 1099 notice when issuers of taxable income are unable to provide final tax information before February 17.  In addition, this pending notice will identify the holdings impacting the mail date for your 1099 and provide the anticipated delivery date.   
  •       February 28, 2015 – Form 1099 mailing will occur for accounts with previously pending income reclassifications from issuers of mutual funds, REITs and certain equities because the issuer has provided final tax information.
  •       March 16, 2015 – Form 1099 mailing will occur for all remaining accounts, regardless of whether pending income reclassifications for the account’s income have been received from issuers.
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