Broker Check
 

2019 Tax Statement Mailing Schedule

 

LPL Financial 2019 Mailing Schedule for 2018 Tax Information

 

 

Mail  Date

 

IRS Tax

Form

 

Recipient  

Accounts

 

Purpose

 

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

Consolidated

1099 - DIV

1099-INT

1099-B

1099-MISC

1099-OID


Non-Retirement


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)

 

1099-R

 

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.

 

January 31

 

1099-Q

 

COVERDELL ESA

 

Reports distributions your client received from qualified education programs under sections 529 and 530.


 

 

January 31         (Beneficiaries Only)

 

5498

 

IRA

 

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.

March  15

1042-S

Non- Resident Alien/ Foreign Accounts

Reports dividend and interest income distributed, and associated withholding to non- resident alien (NRA) or foreign accounts.

 

March  29

 

2439

 

Non-Retirement

 

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.

 

April  15

 

990-T

 

IRA

 

Reports unrelated business taxable income (UBTI) earned in an IRA on an alternative investment such as a limited partnership.

 

May 1

 

5498- ESA

 

Coverdell ESA

 

Reports contributions made to a Coverdell education savings account (ESA) to pay qualified education expenses.

 

May 31

 

5498  -  IRA

 

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