For IRAs, there are two different tax forms that you may receive. You will receive Form 5498, which reports contributions, including any catch-up contributions, rollovers, repayments, required minimum distributions (RMDs), and the fair market value (FMV) of the account.
You may also receive a 1099-R, which is used to report distributions taken from retirement accounts, like Traditional and Roth IRAs.
Form 5498 will be available in May and the 1099-R will be available in February.
To find the in-app document tab on the mobile app:
Tap the 3 lines in the top left corner
Tap Account Settings
Scroll down and Tap Tax Statements
Tap Roth or Traditional IRA
To find the document tab on the web:
Click the 3 lines in the top right corner
Click Settings and Privacy
Click Documents
Click Tax Statements
Click Roth or Traditional IRA
For further questions please contact the Member Support team via in-app chat or email at support@public.com.
This information is for educational purposes only and is not tax or investment advice. Consult your tax advisor for individual considerations. All investing involves risk. Visit the IRS website for more information.