About the online delivery of my tax statements
What tax statements will be available online?
Your tax statements will be made available to you online if you are the beneficiary of an irrevocable trust; the grantor
of a grantor type trust; the owner of an agency account; or the owner of an Individual Retirement Account (see
“What tax statements will not be available online” section below for exceptions). You will continue to receive a
paper copy of all your tax statements.
When will my tax statements be available online?
The timing of your tax statement delivery generally depends on the types of investments held within each account
during the tax year. If your account holds:
-Mutual Funds and Common Trust Funds – tax statements generally available by the end of February.
-Master Limited Partnerships and Exchange Traded Funds – tax statements are generally available in late February
to March
-Real Estate Mortgage Investment Conduits (REMIC); Mortgage Backed Securities (MBS); Federal National
Mortgage Association (FNMA); Government National Mortgage Association (GNMA); or Real Estate Investment
Trusts (REITs) – tax statements generally available early-to-mid March.
-Hedge Funds and Private Equity Funds – tax statements are generally available in late August or September.
-Extended returns – tax statements for extended trust returns will be available once the return is completed.
What tax documents will not be available online?
Tax statements from certain accounts will not be available online. These include trusts with a tax year-end other
than 12/31 and tax statements that require a manual attachment of additional documentation such as a grantor trust
with partnership holdings.
Will corrected or amended tax statements be available online?
Yes. If your original tax statement is available online, any corrected or amended tax statement will also be provided
online. These statements will be identified with the word “Updated” in the Statement Type column. You will also
receive a paper copy of any corrected or amended tax statements.
I have a power to withdraw from an irrevocable trust account, how does that affect what I will see online?
You may receive two different tax reporting statements to be included on your personal income tax return(s):
-If you have a power of withdrawal over a trust account, you will receive a grantor type letter representing that
power. This document will be identified in the Statement Type as “TAX REPORTING STMT – GRANTOR”.
-If you are an income beneficiary of the same trust you may also receive a Schedule K-1 (Form 1041) from that
trust. For the years that you do receive a Schedule K-1 (Form 1041) representing your interest as a beneficiary, that
document will be identified as “TAX REPORTING STMT – Sch K-1” in the Statement Type column.
For additional questions related to the online delivery of your tax statements please contact your Advisor.
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