Where is my year-end tax statement?

You may have noticed that you did not receive a year-end tax statement for the previous year. Our clearing firm follows IRS rules regarding de minimis reporting, in which a customer's tax information doesn't need to be sent to the IRS, or a customer, if the amount on each of the Forms 1099-DIV, 1099-INT, 1099-MISC or 1099-OID is less than $10.

What this means is that certain events need to happen in order for a tax document to be produced:

  • Sale of stock or redemptions of $0.01 or more.
  • Distributions from dividends or capital gains of $10.00 or more.
  • Interest income of $10.00 or more.

For more information, please feel free to join us in Live Chat Monday through Friday 9AM to 6PM ET.

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