Anyone got their 1099s from Fidelity yet?

[audreyh1]

Feb. 21 for me. I have all the 1099-Rs (IRAs, retirement income) but none from the major pre-tax accounts. I can estimate, of course, but there are so many moving parts I want to use the download so it matches exactly what gets reported to the IRS. And just yesterday Fidelity sent me an e-mail on "Why you should file your taxes as early as possible".

Still, I would not move money to another brokerage firm just for this reason.

What were the key points from Fidelity’s email? I don’t worry about filing super early. Successful fraud using one’s tax credentials is not nearly as common as it used to be. If such fraud occurs, I’m not stuck waiting on a refund because I try to always owe a little, or if there is a (hopefully small) refund apply it to following year taxes, so it’s the IRS’s problem and doesn’t particularly inconvenience me financially except for reporting that someone else already filed and it’s fraudulent, and then follow up of course. We generally file in March looking for any possible revisions first.

This year we have to file our 709s first, and that is manual, no software help.

 

[MRG]

It doesn't matter what you think is "simple," though. I own USFR, a cash equivalent floating rate note ETF, and that's one of my holdups. Anything can cause it. Again, Fidelity lets you see the culprit(s) so go check.

Megacorp did tax reporting for the financial services industry. Early on in my career I was looking for something to become an expert at. My criteria was things that were really messed up to make huge improvements in, leading to promotions and big raises.

After I understood what was wrong with tax reporting I decided to look at other places that were need of improvements.....

 

[N02L84ER]

I was able to download mine on 1/24.

 

[SageForesight]

Sometimes I need to wait until mid-March before everything comes in. Right now it says I should have everything by February 7 but I am not holding my breath. I have it proforma out to pay every year so I am in no hurry and file at the latest possible moment.

 

[Lawrencewendall]

Due 2/21/26. 8 holdings holding things up

 

[frank05]

Schwab and ETrade issued ours but TT doesn’t support importing them until next week. I can import Vanguard.

 

[mrfeh]

Mine,too.

Same here, and available as scheduled.

 

[MichaelB]

Fido says ours will be ready 2/21. Same as in previous years. We have foreign equity ETFs, these cause the delay. It’s always been this way.

 

[mrfeh]

Fido says ours will be ready 2/21. Same as in previous years. We have foreign equity ETFs, these cause the delay. It’s always been this way.

Must be certain funds. We hold ex-US funds and got our 1099 today.

 

[jollystomper]

We received all Fidelity 1099s, except for our mutual fund and brokerage accounts, on 1/15. The mutual fund account was received on 1/30. For the brokerage account, 2/7 was indicated, but I checked last night after 10pm and it was available.

 

[Semi-Retyrd]

I got the same message from Fido this year as last "This form is delayed because we're waiting for information from RLJ LODGING TR CUM CONV PFD A (RLJPRA)".
So this one preferred stock is delaying my 1099 until Feb 23. I sold it early in 2025, so I expect no more delay next year. The preferred pays around 7.64% and a portion of the distribution is qualified and another portion is section 199a for good tax treatment. But it's always late to the 1099 party.

 

[scrabbler1]

MY SBF's Fido 1099 came in this morning and I updated the tax spreadsheet I keep for him. The QD came in higher than I estimated, so his federal taxes due dropped by $25. A few other numbers changed a little but not much, including anything unique on the state side. He owes on both so I won't be finishing up his returns until mid-March.

 

[joesxm3]

One of my 1099's appeared online as promised. The other changed delay to 2/21.

 

[braumeister]

Just as predicted, my last 1099 from Fidelity was there this morning.

 

[athena53]

What were the key points from Fidelity’s email? I don’t worry about filing super early. Successful fraud using one’s tax credentials is not nearly as common as it used to be.

I think that was the main point.

What were the key points from Fidelity’s email? I don’t worry about filing super early. Successful fraud using one’s tax credentials is not nearly as common as it used to be.

I think that was the primary reason. The others included the fact that there's a rush as you get closer to April 15. AARP has advised me that I should file early because if I owe money I'll have more time to rustle up the funds. Thank you, Captain Obvious.

Looks like I'll owe the Feds about $2,000. I have a state refund coming for more than that but unfortunately the state return has to be filed on paper. I get a credit of 50% of donations made to food banks in the state and the paper form from the food bank must be attached. Two years ago the USPS lost the state tax return. I'd mailed it with tracking and it just disappeared. I had to print everything out and send it again.

Just to be safe, I'll probably still file both as early as possible.

 

[audreyh1]

Our last Fidelity brokerage 1099 is available today as they said it would be.

 

[audreyh1]

I think that was the main point.

I think that was the primary reason. The others included the fact that there's a rush as you get closer to April 15. AARP has advised me that I should file early because if I owe money I'll have more time to rustle up the funds. Thank you, Captain Obvious.

Looks like I'll owe the Feds about $2,000. I have a state refund coming for more than that but unfortunately the state return has to be filed on paper. I get a credit of 50% of donations made to food banks in the state and the paper form from the food bank must be attached. Two years ago the USPS lost the state tax return. I'd mailed it with tracking and it just disappeared. I had to print everything out and send it again.

Just to be safe, I'll probably still file both as early as possible.

We always file before end of March to void any rush period. The last couple of years the completed 1099s have been available earlier, so we’re filing earlier in March.

 

[calmloki]

Both stock, index and ETF accounts were available this morning. Our T-bill account was available mas rapido.

 

[beyou]

Nope and don't expect them until mid month. I'm in no hurry to file as I've been burned before by filing early only to get a revised 1099B later on and then having to do an amended return. PIA.

I already got a correction from Vanguard, which was for non-Vanguard funds held there.

That said, I do like to do as much of my taxes as possible just to get a good rough estimate of my resulting tax bill, so that if I have to pay, I have sufficient cash ready to do so. I just dont actually file until March to give these issuers time to send corrections to brokers.

 

[Original Wally]

VG 1099-R came quickly. BUT the "consolidated 1099 Div/Int" WAS supposed to be ready by 1/29, now pushed out to "between 02/19 and 03/07. AND there is a K-1 what is also supposed to be available on or about 02/29. Sigh.

Life was sure easier when I only has a W-2 to worry about - lol

 

[Beststash]

Got 3 (1 today) the taxable scheduled for 2/21

 

[thod]

Currently waiting on 1 stock, estimated for 2/21.

Ironically, it is something I no longer own. This happened last year with this stock, so in February after doing my taxes I went ahead and sold it. But the sale was in this tax year, so I have to wait a little longer still. Next year should be better.

 

[Rocky mtn high]

Yesterday

 

[pacergal]

I have one, the second one was due Feb 9, now due Feb 21.

 

[Brat]

I was able to download my 1099 D and 1099 INT and upload data to FreeTaxUSA today. Fed and State returns filed. WooHoo...