I am. I know they’re supposed to be mailed out by January 31st, but I have yet to receive one. Anyone else?
Not on my end – everything arrived by the 25th or thereabouts.
Not personally. W-2 should be here by now. We are still in the window of when many types of 1099 are “supposed” to be sent, so that’s not unusual.
Got most of mine electronically long ago. Around here we figure 2 extra weeks for anything involving USPS. Not just W2s and 1099s. Anything.
W-2s are supposed to be mailed by 1/31. 1099s vary wildly depending on whether they’re -R, -Misc, -K, I, -DIV, or -B.
And whether they’re all for base issues or for derivatives. e.g. your mutual fund can’t send you a 1099 until they get 1099s from the issuers of every stock they owned all year in your fund. So they get an extra month to get their 1099 out to you.
Thanks! I was wondering about that - acquired my first mutual fund investment last year and I was wondering why I hadn’t seen that one yet.
It’s February and I haven’t gotten mine yet.
Since this is more of an informal poll than a factual question, let’s move this to IMHO (from FQ).
Any factual information regarding things like when forms are required to be mailed out is of course still welcome.
One of my 1099s arrived yesterday. Everything else was on-time.
I have one mutual fund that always sends out the 1099 form in mid-February, and this year is no exception.
BTW, if you’re in one of the 22 states that issued a special tax refund last year, the IRS is advising waiting a bit until you file, while they decide if the payments were taxable.
All mine are available electronically, but I should be receiving a paper copy of one of them that I haven’t gotten yet. But that one is always the last to arrive.
I get most of my bills, bank statements, and whatnot online, but tax documents are one thing I like to have a hard copy of. If possible I prefer to make them spend the money to print it out rather than using my own paper and toner. Some companies let you pick and choose which documents you want to receive electronically and which ones you want mailed to you. Others are pretty much all or nothing.
I did get one of those from California, but I was among the very last group to receive it, so it didn’t actually arrive until January of this year. So I assume if it does end up being taxable I won’t have to worry about it until I file my 2023 taxes.
A 1099-NEC (non-employee compensation) is due at the same time as a W-2, which is January 31. Since 1/31 is the last date that it’s supposed to be generated, you may receive it a few days later.
As already mentioned, all other 1099s have a different deadline. Generally, the date is February 15, but firms can (and do) request a 30-day extension.
It’s been my experience as a volunteer tax preparer that most 1099-int (interest), 1099-misc (miscellaneous), and 1099-div (dividends) are generated and mailed by 1/31, and 1099-b (broker and barter) are mailed sometime in February.
Hmm, I just checked and apparently my preferences somehow got set to e-delivery for my tax forms from that company. I just changed it, but I’m guessing I won’t get my documents in the mail for this year since the online versions were already generated in late January.
They just issued guidance and it won’t be taxed
My former employer, who decided to close the office and move to Georgia, apparently forgot not only to inform her accountant of fifteen years, but didn’t make the quarterly tax payment! She is digging out her old computer and sending the accountant the info, but as today is Superbowl Sunday, she’s probably not getting a lot done. Needless to say, my W-2 is in limbo somewhere.
So last weekend I was downloading all my electronic 1099s, and I discovered that I didn’t have one from my mutual fund, and I usually get one from them by now. Looking at my year end statements for 2021 and 2022, I see that there was a “capital gain reinvest” reported in 2021, which appears to be the income that was reported on my 1099 that year. In 2022 there was no such activity, the statement just shows my regular deposits and the change in market value. I’m guessing given the trajectory of the stock market last year, that mutual fund didn’t generate any taxable income for me, so I won’t be getting a 1099 from them this year.
Which raises an interesting problem. How do you / anyone know the difference between “my investment firm X hasn’t sent my 1099 yet” and "my investment firm X won’t ever be sending me a 1099 "?
Which raises the thought that there ought to be a requirement for places like investment companies to send out some sort of placeholder to all their account holders that didn’t have a 1099 tax-reportable transaction that year. Even if it was just an prominent block of verbiage on their monthly statement(s) for e.g. Jan, Feb, and Mar.
At least that way you’d know without guessing. Yes, there are calendar date deadlines for when they must generate the forms. But there’s always companies that run late, companies that don’t get the forms onto their website properly for everyone, and we’re all familiar with the vagaries of the current USPS. e.g. “Must be mailed by Jan 31” becomes “I must have received it by now or if not, then I can positively know there never was one” exactly when? In June sometime?
Wouldn’t they just send a 1099 showing no taxable gain?
Not necessarily. The law provides that 1099s are not required to be sent to any payee where the total taxable amount is under $10.00. Some outfits send them anyhow, but most don’t.
My investment firm sends a big combined form which includes a few things that have no gain from year to year. But, yeah, they don’t have to do so if there isn’t anything taxable that year.