Tax Dates

2020 Tax Documents & Mailing Dates

Your 2020 Form 1099-R IRA’s, Roth IRA’s, etc. have already been sent.

Your 2020 Form 1099 (non-retirement accounts) with AssetMark will be available between February 26 – March 15. For accounts at TD Ameritrade, they are available between February 10 – March 16.

If you have elected to receive tax documents electronically, you’ll receive an email notification as soon as they are available for download. Mailed documents should arrive 3-5 days after they’re posted online.

Common Tax Questions:

Why are some 1099s sent in late January/early February and others sent in mid-to-late February?

Each custodian determines the timing they send 1099s and revisions are common as new information is received from certain mutual fund issuers; a client who receives a 1099 in January might receive a revised 1099 a few weeks—or months—later.

Late reporting that generally results in a revised 1099 usually includes the reclassification of Ordinary Dividends to Return of Capital (non-dividend distributions), other dividend classifications, and/or Foreign Tax Paid on a fund’s foreign source of income.

AssetMark Trust issues 1099s in late February to provide clients with the most complete tax information and reduce the frequency of revisions to 1099s while TD Ameritrade may issues them sooner, they have a set of pre-scheduled dates to make changes and send a revised 1099. Unfortunately, there’s no guarantee that you will not receive a revised 1099.

What can I do to avoid revised returns?

Tax preparers usually advise that clients wait until mid-March or early April to prepare tax returns to reduce unplanned revisions. With online access, you can access the most recent version of your tax documents or reach out to us for assistance in obtaining an electronic copy whenever needed.

If you have any questions or need assistance in locating your tax documents, don’t hesitate to reach out to us.