January 2025
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, if Required Minimum Distributions are required, and IRA contributions made by April 15, 2025. | Late January (Revisions will be sent in late May for 2024 contributions made on or after 1/1/2025, and on or before 4/15/2025)
Please note that the deadline to contribute to your IRA for the 2024 tax year is April 15, 2025. |
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. |
Media Inquiries
Veronica Mckee, CMP
Direct Phone: 610.995.8758
Email: vmckee@haverfordquality.com
Katie Karsh
Direct Phone: 610.755.8682
Email: katie@gobraithwaite.com
Disclosure
These comments are provided as a general market overview and should not be relied upon as a forecast, research or investment advice, and is not a recommendation, offer, or solicitation to buy or sell any securities or to adopt any investment strategy. Opinions expressed are as of the date noted and may change at any time. The information and opinions are derived from proprietary and non-proprietary sources deemed by Haverford to be reliable, but are not necessarily all-inclusive and are not guaranteed as to accuracy. Index returns are presented for informational purposes only. Indices are unmanaged, do not incur fees or expenses, and cannot be invested in directly.
Investments in Securities are Not FDIC Insured · Not Bank Guaranteed · May Lose Value
Related News & Insights
The market officially ended the President’s post-election honeymoon as the S&P 500 traded into correction territory on March 13, down 10% from the all-time high in mid-February. The last few weeks have been chaotic, to say the least. Regardless of one’s views on the President’s policies and goals, most Americans wish he would be more consistent with his messaging and follow through. Along with Treasury Secretary Scott Bessent’s talking points, the markets are hearing ‘pull back’.
The S&P 500 closed Friday down for the week, but remains just 3% off its all-time high set only nine days prior. However, it may feel worse. Keeping pace of headlines during the past month has been difficult and discerning the news from the noise even more so. The news cycle and markets are moving so quickly, it’s like listening to an audio book set at 2x read-back speed; as hard as you try to follow the narrator, it’s just too fast to keep up.
It has been 21 days since the inauguration and 1 day since the Eagles won Super Bowl LIX, yet it feels like months of news headlines have occurred. On one hand, as Disruptor in Chief, President Trump has ushered in a period of unprecedented policy uncertainty. On the other hand, his mission is certain and his motives and methods are clear.
