![]() Will I Receive a Consolidated 1099?Ī Consolidated 1099 will be issued if your taxable account meets or exceeds any of the IRS minimum thresholds as follows: (a) $10 or more of dividends, capital gain distributions, nondividend distributions, corporate interest, treasury interest, tax-exempt interest/dividends, original issue discount, treasury original issue discount, market discount or substitute payments, (b) $600 or more of any cash liquidation distributions, royalty distributions or other income distributions, (c) at least one gross proceeds transaction, (d) any federal backup withholding, (e) any state withholding, or (f ) any foreign tax paid. Generally, accounts holding Real Estate Mortgage Investment Conduits (REMICs), Widely Held Fixed Investment Trusts (WHFITs) and/or securities that have late reporting adjustments (e.g., unit investment trusts) will receive a Consolidated 1099 in Wave III. Certain Consolidated 1099s will not be available in Wave I if Baird has not received year-end tax information adjustments prior to the processing deadline.Ĭonsolidated 1099s not in Wave I will be in Wave II if year-end tax information adjustments have been received and processed prior to the Wave II deadline of March 1.Īll remaining Consolidated 1099s will be in Wave III by March 15. Most Consolidated 1099s will be available on or before February 15 (referred to as Wave I). This may include debt instruments, exchange-traded funds, mutual funds, and unit investment trusts. As always, Baird will send tax documents as soon as year-end tax information adjustments have been processed. Deadlines have been extended into 2023 for many investment products providing post year-end tax adjustments to Baird. The date you receive your Consolidated 1099 depends on the holdings in your account. Please contact your Baird Financial Advisor with any questions about your Baird tax documents. Undistributed long-term capital gains to shareholders of a regulated investment company (RIC) or real estate investment trust (REIT)Ĭoverdell Education Savings Account (ESA) contributions and rolloversġApplicable tax documents will be mailed via the United States Postal Service (USPS) or delivered electronically depending on your chosen delivery preferences.ĢMarch 1 and 15 mailing dates are based on a 30-day extension granted by the IRS to reduce the number of corrected Consolidated 1099s received. We anticipate most Consolidated 1099s will be sent by this date.Īccounts holding securities (e.g., exchange-traded funds, mutual funds, real estate investment trusts and unit investment trusts) that require year-end tax information adjustments or income reclassificationsĪll accounts not included in wave I or wave II.Īccounts holding Real Estate Mortgage Investment Conduits (REMICs), Widely Held Fixed Investment Trusts (WHFITs) or securities that have late reporting adjustments or income reclassifications. IRA year-end fair market value (FMV), total contributions and the required minimum distribution (RMD) for tax year 2023, as applicable.Īny contributions for 2022 made in 2023 will be reported with an updated/ corrected 5498.Īccounts holding securities (e.g., equities, many types of bonds) that do not require year-end tax information adjustments or income reclassifications, or early reporting mutual funds. Tax Documentĭistributions from retirement accounts (e.g., IRAs) and/or Coverdell Education Savings Accounts. You may want to wait to file your income tax return(s) until all Consolidated 1099s have been received. A message on the cover page of the Consolidated 1099 may indicate that an account(s) in your household will receive a Consolidated 1099 in a later wave. ![]() 1īaird processes Consolidated 1099 (1099-DIV, 1099-INT, 1099-OID, 1099-B and 1099-MISC) for reportable (i.e., taxable) accounts in three waves to reduce the need to send corrected tax documents. Baird will issue tax documents by the mailing dates shown below based on the account type and activity, as applicable.
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