Tax documents will be available soon. Below, you will find the various tax documents that will be produced, and when you should expect them if applicable.
1099-R
The 1099-R is the tax document that will highlight all distributions from your IRA(s). These documents will be produced by Apex Clearing and available to you on or before January 31, 2025.
If you did not take any distributions from your IRA(s) during 2024, you will not receive a 1099-R.
1099-INT
The 1099-INT is the tax document that will highlight all interest earned in your High Yield Savings Account (HYSA) or High Yield Cash Account (HYCA).
If you have a HYSA, you should expect your 1099-INT on or before January 31, 2025.
If you have a HYCA, the 1099-INT will be included in your Consolidated 1099 from M1. Delivery dates of the Consolidated 1099 are discussed in the next section.
Consolidated 1099
The Consolidated 1099 is the tax document which highlights all reportable activity within your taxable brokerage account. This includes all sales, dividends greater than $10 in total, margin interest, and interest earned on your HYCA if applicable.
If you have a Custodial, Trust, or LLC account, these are cleared by Apex. Apex will be delivering the Consolidated 1099 on or before February 15, 2025.
If you have an individual or joint taxable account, you should expect to receive your Consolidated 1099 on either February 15, 2025 or on March 15, 2025 depending on the securities you hold:
Feb 15, 2025: Accounts that do not hold securities subject to income reclassification will receive tax documents on February 15, 2025.
March 15, 2025: Accounts that hold securities subject to income reclassification will receive tax documents on March 15, 2025 to reduce the need for corrected tax documents. Securities subject to income reclassification may include Real Estate Investment Trusts (REITs), Unit Investment Trusts (UITs), Widely Held Fixed Income Trusts (WHFITs), Real Estate Mortgage Investment Conduit Securities (REMICs), some individual stocks such as Partnerships.
Crypto Yearly Gain/Loss Statement
If you had a Crypto account and made any sales during 2024, you should expect to receive a Gain/Loss Statement from Bakkt on or before January 31, 2025.
Form 480 (Puerto Rico)
If you are a resident of Puerto Rico you will receive form 480.6 which will highlight all reportable activity on or before February 28, 2025.
Form 5498
If you contributed to an IRA during the tax year of 2024, you would receive a Form 5498 from Apex Clearing on or before May 31, 2025.
Where to find your tax documents
Once your tax documents have been generated, they will be available for viewing and download in the Documents tab of your settings. Make sure to select the checkbox next to “Tax forms.”
This content was generated using artificial intelligence and is intended for informational and educational purposes only. While reasonable efforts are made to ensure accuracy, AI-generated outputs may omit key context; and should not be construed as financial, investment, legal, or tax advice. Users should independently verify all information and consult a qualified professional before making any financial decisions.
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