January 2024
With the beginning of the new year, we know you may have tax preparation on your mind. Please reference the general guide below to find out when you can expect to receive your tax forms.
| Form | Purpose | Expected Delivery |
|---|---|---|
| Consolidated 1099 | The Consolidated Form 1099 may include the IRS Forms 1099-INT, 1099-DIV, 1099-B, and 1099-OID. | By mid-March, depending on the assets held in the account. Many assets require additional tax information from the issuer—these investments may include mutual funds, certain foreign and domestic equities (e.g., equities that have been reclassified in the past), real estate investment trusts (REITs), real estate mortgage investment conduits (REMICs), unit investment trusts (UITs), original issue discounts (OIDs), and widely held fixed income trusts (WHFITs). |
| 1099-R IRA Accounts Only |
The Form 1099-R reports distributions from Individual Retirement Accounts (IRAs). | Late January |
| 5498 IRA Accounts Only |
The Form 5498 reports Fair Market Value, Required Minimum Distribution amount (if applicable), and any IRA contributions made by April 15, 2024. | Late January (Revisions will be sent in late May for 2023 contributions made on or after 1/1/2024, and on or before 4/15/2024)
Please note that the deadline to contribute to your IRA for the 2023 tax year is April 15, 2024. |
If you have any questions about your portfolio, please do not hesitate to contact your relationship management team.
| Haverford does not provide legal or tax advice. You should contact your legal or tax advisor regarding your specific tax situation prior to taking any action based upon this information. |
