Mailing schedule for 2019 tax documents:
Mailed on or before IRS Mailing Deadline
January 31, 2020
Market Value and RMD Information (Form 5498)
Included in December 2019 account statement. This shows the value of the account as of the last business day of the year and information regarding your Required Minimum Distribution (RMD), if applicable.
Forms 1099-R and 1099-Q
This provides information on distributions from your Individual Retirement Account (IRA), Coverdell Education Savings account, or 529 Plans.
IRA Corrected Valuations (for accounts with no December Statement)
This statement reports your year-end IRA portfolio valuation.
February 18, 2020
In some instances, you may receive an amended version for your account when additional income or distribution information was provided after the original mailing deadline.
Consolidated Statement & Form 1099-DIV
Form 1099-INT
Form 1099-OID
Form 1099-B
Form 1099-MISC
Form 1099-C
Form 1099-OID (REMIC)
Form 1099-B/
Form 1099-INT (WHMT)
Information is provided on the following:
Dividends and other distributions
Reportable interest income
Original issue discount income (other than CMO/REMIC instruments)
Proceeds of sales, redemptions and tenders
Royalties, substitute payments, and miscellaneous income
Cancellation of debt OID and interest accruals from CMOs/REMICs
Widely Held Mortgage Trust receipt-based reporting on mortgage pools
April 30, 2020
Form 5498-ESA
In most cases, this information will accompany your December 2019 statement and reports contributions, rollovers, and direct transfers to your Coverdell Education Savings Accounts.
Amended information will be sent by the given date for accounts that have made 2019 contributions after the last day of December 2019 but on or before April 15, 2020
June 1, 2020
Form 5498
In most cases, this information will accompany your December 2019 statement and reports contributions, rollovers, and fair market value of your IRA (other than Coverdell Education Savings Account). Amended information will be sent by the given date for accounts that have made 2019 contributions after the last day of December 2019 but on or before April 15, 2020.
Schedule K-1
Master Limited Partnership (MLP) income and capital account (or cost basis) information will be mailed to you directly from the Limited Partnership General Partner in March or early April 2020. (This information is not provided by Wells Fargo Clearing Services, LLC.) The IRS mailing deadline for this information is March 16, 2020.
To access your tax forms online:
Sign on to your account via desktop or tablet
1. Click Portfolio
2. Click Statements & Docs
3. From the Document Type drop-down menu, choose Tax Documents/1099s (If applicable, first select an open or closed/offline account.)
Check your eligibility to save with a Traditional and/or Roth IRA based on rules found in the Internal Revenue Code (IRC). We’ll ask a few questions and then help you consider your options. Let’s see if you qualify. IRA Eligibility Calculator
If you have too much withheld, it’s like making an interest-free loan to Uncle Sam. If you have too little withheld, it may mean you’ll have to pay more and, possibly, a penalty when you file your return.
An IRS Tax Withholding Estimator is available to help you project your tax bill and adjust your withholding, if needed. And don’t forget about your state income tax payments. Many states require quarterly tax payments if your withholding will not cover your tax bill.
TurboTax imports your Wells Fargo Advisors tax documents to make tax time easier.