Tax documents will be ready February 18th. 

Keep in mind, you may not receive tax documents from us, but we’ll still let you know if you don’t have any.


Where Can I Find My Tax Documents?

  • Click the Person icon in the bottom right of your app
  • Click the Gear icon in the top right 
  • Scroll down to Documents
  • Click Tax Documents 

What is a Consolidated 1099?
A consolidated income tax document containing forms 1099-B, 1099-DIV, 1099-INT and 1099-MISC


What does each form report?

  • 1099-B Sales of securities (ie stocks and ETF’s) All sales of full shares regardless of amount will be reported on a Form 1099-B. Fractional shares may be subject to a deminimis reporting if under $20.00.
  • 1099-DIV Distributions such as dividends or capital gain distributions that were paid on stocks. Only amounts of $10.00 or more for distributions paid on stock.
  • 1099-INT All interest income that is not already reported on other forms will be reported here (ie interest earned on cash balances). Amounts $10.00 or more are reported.
  • 1099-MISC At least $10.00 in broker payments or in lieu of dividends (ie dividends for shares on loan through our securities lending program). At least $600.00 in miscellaneous income (ie gifted stocks).


Who receives a Consolidated 1099?

All individuals receive a Consolidated 1099 if they are United States citizens or legal residents and have had reportable tax activity. In some cases, exempt recipients will receive a Consolidated 1099 due to being charged backup withholding that must be reported to the user and the IRS.

If you hold Real Estate Investment Trusts (REIT’s), Real Estate Mortgage Investment Conduits (REMIC’s) or Widely Held Fixed Income Trusts (WHFIT’s), you may receive more than one Form 1099 due to income reclassification which could affect your tax return filing dates.  Think of these as ETF's like VNQ or GLTR.

Additional information about these forms and related topics can be found on the IRS website under https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

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