Tax Documents for 2021

We’re coming up on tax season, so we wanted to take a moment and remind everyone about what to expect for tax documents.

For retirement accounts with 2021 distributions, 1099 – R documents should be on their way in the mail or posted online by the end of January. For individual, joint, and trust accounts, consolidated 1099 documents should be available by February 17^th at the latest.

If documents are available but haven’t arrived via mail yet, we can usually forward them electronically to you or your tax preparer. Just check in with us and let us know where to send them. Note that electronic copies are also available on your client portal.

For clients who transferred from SEI to TD Ameritrade or who transferred to us from another advisor during 2021, it is likely that you will get documents from both custodians. If you are unsure whether you have everything, check with us and we can confirm for you.

If you made charitable distributions from your IRA during 2021, you will be receiving a separate statement from our office detailing those distributions. Please provide this to your tax preparer along with your 1099 – R so they can adjust your taxable income accordingly.

As always, if you have any questions or concerns about your tax documents, please do not hesitate to reach out to our office. We’re happy to help. Call us at 517-321-4832 or email info@srbadvisors.com.