Menu

Updated

Which tax documents will I receive for my account?

For individual, joint and trust (non-retirement) accounts, you will receive a Consolidated Form 1099 including details of dividends paid (Form 1099-DIV) and security sales (Form 1099-B), if there were any such transactions in your account for that tax year. If there were no security sales or dividends paid into your account, you will not receive a Form 1099. This is most often the case if you opened the account near the end of the year. Most likely this form will be available around the third week of February.  We'll email you as soon as it is available.

Retirement accounts, including Traditional, Roth and SEP IRAs, will receive a Form 1099-R only if a distribution (withdrawal) was made during the year. If you made contributions (deposits) to your IRA account for the tax year, you will receive a Form 5498 detailing those contributions in May. If you made no contributions to your IRA for the year and took no distributions, you will not receive tax documents for your retirement account. 

You can contribute to an IRA or Roth IRA account for the previous year up until the April tax filing deadline, so these forms won't be available until the end of May or possibly later, but you should still include any IRA or Roth IRA contributions when filing your taxes. Read more about Form 5498 for IRAs here.

For 529 College Savings Plan accounts with any distributions/withdrawals, we’ll post a 1099-Q.

Corporate accounts are reported according to the tax classification of the corporation (e.g., C-Corp, S-Corp, Single-member LLC) you selected when opening the account. Any applicable tax documents generated for your corporate account will be posted to your Taxes & Documents page. For many corporate tax classifications, the IRS requires that the corporation report any taxable transactions directly, in which case you will not receive a Form 1099 or similar document from Wealthfront. Instead, your accountant or tax preparer will likely rely on the detail provided in your monthly account statements and/or trade confirmations, also available on your Taxes & Documents page.

Was this article helpful?

Wealthfront prepared this article for informational purposes and not as an offer, recommendation, or solicitation to buy or sell any security. Wealthfront and its affiliates may rely on information from various sources we believe to be reliable (including clients and other third parties), but cannot guarantee its accuracy or completeness. See our Full Disclosure for more important information.

Wealthfront and its affiliates do not provide tax advice and investors are encouraged to consult with their personal tax advisor. Financial advisory and planning services are only provided to investors who become clients by way of a written agreement. All investing involves risk, including the possible loss of money you invest. Past performance does not guarantee future performance.