Why will I receive a Corrected Consolidated Form 1099?
Stash users who owned All That Glitters (GLTR) and/or Real Estate Tycoon (VNQ) in the appropriate tax year will likely receive a Corrected Consolidated Form 1099 on or around March 15.
This part is really 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 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.
Why do I need this different form?
All That Glitters (GLTR) and Real Estate Tycoon (VNQ) 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. All That Glitters covers fund expenses by selling small portions of held assets throughout the year. These sales can result in gains or losses to you, the investor, that affect your taxes.
Real Estate Tycoon pays dividends based on the underlying real estate rental profits. While most dividends are typically taxed at the lower capital gains tax rate, these rental profits count as non-qualified dividends, meaning they are taxed as ordinary income.
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 by March 15.
How will I access my tax documents?
By law, we’re required to email your tax documents to you on February 16. But be sure to look out for a second email by March 15 that will contain your Corrected Consolidated Form 1099.
Why am I receiving tax documents?
This is a legal requirement. Stash Invest accounts are taxable brokerage accounts, and you are required by the IRS to report income earned from realized capital gains and losses and other applicable income.
For more information on this form and relevant tax dates, check out The 2021 Tax Season Dates You Need to Know.
Stash does not provide legal or tax advice and if you have questions regarding your personal circumstances and the forms that you have received, you should consult a tax or legal professional.
Related questions View all Pricing
Q. When will my trades get executed in my Smart portfolio?
Once your money has completed the transfer and arrived in your account, we’ll execute your trades. Typically, this takes 1-2 business days. Please note that a business day is Monday through Friday, excluding weekends and US market holidays. DISCLOSURES This type of account is a Discretionary Managed Account.…1
Q. Once I deposit money into my Smart portfolios, do I need to do anything?
Nope! We’ll handle the rest—this is smart investing, after all. You might want to consider investing (depositing money) regularly, though. That way your investments can grow through the magic of compound interest. DISCLOSURES This type of account is a Discretionary Managed Account.…0
Q. How much can I withdraw from my smart portfolio?
You can request a withdrawal from your smart portfolio for up to the total value of your Smart portfolio — minus any pending withdrawals. For example, if your Smart portfolio is worth $1,000, you can request a withdrawal for the full balance of $1,000 or any number up to $900.…0
Didn’t find your question?
Tell us what you’re looking for, and we’ll search for resources that could help.Ask your question
Intro to Stash: Everything You Need To Know To Start Investing
The Stash Way is a few simple principles at the core of investing with Stash.
Fiduciary 101: Why it’s Our Job to be Your Advocate
It’s a big word that means a lot when it comes to handling your money. It defines a relationship built on trust and duty.
Debt and Equity: What Every Smart Investor Needs to Know
You can invest in debt & in equity, but do you really know what that means? We break down the jargon.