2019 Tax Statement Mailing Schedule
LPL Financial 2019 Mailing Schedule for 2018 Tax Information
January 31 (Accounts not subject to reclassification)
February 15 (Accounts subject to Reclassification)
February 19 (Accounts receiving Preliminary 1099 Consolidated Tax Statement)
March 1 (Accounts subject to Reclassification)
March 15 (Accounts subject to Reclassification, OID/REMICs, & WHFITs,)(Revised 1099s Issued April through October 2019)
1099 - DIV
Reports payments your client received as taxable dividend income, capital gain distributions from mutual funds, gross income attributable to WHFITs, federally tax-exempt interest, original issue discount (OID) on debt obligations, royalty payments, sale of securities (and their cost basis and holding period), and merger considerations.
Notes on reclassification: If your client held a RIC, REIT, UIT, foreign security, or municipal bond funds, these may be subject to income reclassification and will be issued later in February or March and could result in 1099 revisions.
January 31 (Revised 1099-Rs Issued February through July 2019)
IRA / QRP
Reports distributions your client received from Individual Retirement Arrangements (IRAs) and Qualified Retirement Plans (QRPs). Includes direct rollovers from a QRP to an IRA and trustee-to-trustee transfers of re-characterized contributions.
Reports distributions your client received from qualified education programs under sections 529 and 530.
January 31 (Beneficiaries Only)
The Fair Market Value (FMV) of your client’s account was reported to them on their December 2018 monthly statement. Form 5498 is provided to beneficiaries who may not be the recipient of the year-end statement.
Non- Resident Alien/ Foreign Accounts
Reports dividend and interest income distributed, and associated withholding to non- resident alien (NRA) or foreign accounts.
Reports your client’s portion of undistributed long-term capital gains retained by mutual funds, which your client can claim as a credit on their tax return.
Reports unrelated business taxable income (UBTI) earned in an IRA on an alternative investment such as a limited partnership.
Reports contributions made to a Coverdell education savings account (ESA) to pay qualified education expenses.
5498 - IRA
Reports contributions made to a traditional or Roth IRA for the 2018 tax year from January 1, 2018, through April 15, 2019. Includes receipt of direct rollovers and re-characterized contributions. SEP and SIMPLE employer contributions are reported in the calendar year made, not applied.
FOR INFORMATIONAL PURPOSES ONLY. These documents are not required to file with your client’s tax return