What tax documents will I receive?

1099-R – If you’ve made a withdrawal, you’ll need this to file your taxes

If you’ve made a withdrawal of $10 or more from your IRA in 2018, you’ll receive a 1099-R form, which you’ll need to file your taxes. You can expect to receive this form in early February 2019 from your custodian, Apex Clearing Corp. You’ll also be able to view this form in the “Documents” section of your Honest Dollar account.

 

5498 – You’ll want this for your records, but you don’t need this to file your taxes

You’ll also receive a 5498 form, which reports your contributions for the prior year, required minimum distributions taken, and the fair market value of your IRA. You won’t need this form to file your taxes, but you should keep it for your records. You can expect to receive this form in late May 2019 from your custodian, Apex Clearing Corp. You’ll also be able to view this form in the “Documents” section of your Honest Dollar account.