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What Tax Forms Does Stash Send?

You will receive an email when your tax forms become available. The email will come from taxnotifications@apexfintechdocuments.com. You can access historical documents year round in the Tax Documents section of Account Management. Stash will make your relevant tax documents available online on or before February 15, 2022.

The forms you’ll be receiving represent your account activity from the previous calendar year or any activity completed to qualify for that year’s contributions.

If you see that your Social Security number is incorrect on your tax form, please email us at support@stash.com. We’ll give you directions on how to update your SSN and file for a form correction.

What if I didn’t get an email about tax forms?

If you didn’t get an email about tax forms and aren’t seeing any in your account, it’s because you don’t need them for this tax year.

Stash issues tax forms to people who:

  • Have sold an investment, whether it be for a gain or loss.
  • Earned more than $10 in dividends and/or interest
  • Have a Retire account and made a contribution to it for the specified tax year.

If these scenarios don’t apply to you, you don’t need tax forms from Stash.

Here are some of the most common tax forms Stash issues each year:

Form Name
Description
Consolidated 1099If you meet the criteria for multiple 1099s, we will issue you what’s called a Consolidated 1099 that will consolidate all the forms into one for your convenience. Many Stash investors will have Consolidated 1099s.
Corrected Consolidated 1099This is a tax form that consolidates all appropriate 1099 forms for your Stash Invest account into one single form. The Corrected Consolidated 1099 form replaces any other 1099s made available to you previously.

This form is relevant for all Stash investors who invested in certain ETFs, even if you no longer hold this investment. If you owned other Stash Investments, you will have access to a regular 1099 in February, and then get your Corrected Consolidated 1099 on or around March 15.

IMPORTANT: The Corrected Consolidated 1099 replaces the form you receive in February. It’s really important that you wait until you’ve received the Corrected Consolidated 1099 in March to accurately file your tax return. If you prefer filing your taxes early, it may be best to wait until you receive this form or consult a tax professional, since the IRS can fine you for filing your taxes twice. Consult a tax professional if you have any questions.  

Why do I need this different form?

Some investments are asset-focused investments, rather than stock-focused; therefore, they are structured differently.

Often, an ETF’s fund expenses are embedded into the share price or paid through withheld dividend payments. 

These differences extend the time these fund managers need to calculate your investing activity. This is why we need to send you a Corrected Consolidated Form 1099. 

 

1099-BThis form will summarize the proceeds of all your sale transactions. These values must be reported to the IRS when you file your taxes. If you did not sell any investments in this tax year, you will not receive a 1099-B.

1099-DIVYou will receive this form if your investments paid dividends of $10 or more. If you received dividends under this amount, it is likely you will not receive this form.

1099-INTYou will receive this form if you earned interest of $10 or more that was not previously displayed on the 1099-B. If you received interest under this amount, or if the interest was displayed on the 1099-B, it is likely you will not receive this form.

 

1042SIf you are not a US citizen, and if you are subject to income withholding in the United States, you will receive this form to report your income that is subject to withholding.

1099-RIf you own a Stash Retire account and have taken any distributions (withdrawals), you will likely receive a form 1099-R, the tax form showing all transactions within your Stash Retire account within the previous calendar year. This form will include the amount of any distributions that are taxable, the amount withheld, and any distribution code that applies.

5498If you own a Stash Retire account and have made any contributions, rollovers, or transfers into your Stash Retire account in the previous tax year, you generally will receive a 5498 form.

IRA Contributions Information reports your IRA contributions to the IRS. Our custodian (Apex) is required to file this form with the IRS, usually on or before June 1.

 

Is this form needed to fill out my Tax Return?

You DO NOT need to enter information from your Form 5498 into programs like TurboTax, etc. like you do with W2s or 1099s. In most cases, you’ll find the information needed for your return on other paperwork, such as a year-end summary statement or a Form 1099R.


DISCLOSURES

This information is subject to change and should not be considered legal or tax advice. Stash does not provide legal or tax advice. If you have questions regarding your personal circumstances, you should consult a tax or legal professional.

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