April 18, 2023
October 16, 2023
Form name
| What’s reported
| Availability date
|
|---|---|---|
Consolidated Form 1099 | All reportable income and transactions for the year. Depending on your account activity, your 1099 may include: Form 1099-B, Form 1099-DIV, Form 1099-INT, Form 1099-MISC, and Form 1099-OID. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-B | Sales transactions, cover short transactions, closing options transactions, redemptions, tender offers, and mergers for cash. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-DIV | Ordinary dividends of $10 or more from U.S. and foreign corporations, capital gains distributions, mutual fund dividends, federal and foreign tax withheld, and non-taxable distributions. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-INT | Interest income of $10 or more; federal and foreign tax withheld. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-MISC | Rent or royalty payments, and substitute payments of $10 or more, and other income totaling $600 or more. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-OID | Original issue discounts on corporate bonds, certificates of deposit (CDs), collateralized debt obligations (CDOs), and U.S. government obligations of $10 or more. | February 23, 2023. Depending on your activity and portfolio, you may get your form earlier. |
1099-Q Payments from Qualified Education Programs | Distributions from qualified tuition programs and Coverdell Education Savings Accounts (ESAs). | February 1, 2023 |
1099-R Distributions from Pensions, Annuties, Retirement or Profit-Sharing Plans, etc. | Distributions from qualified retirement plans (for example, individual 401[k], profit-sharing, and money-purchase plans), or any IRAs or IRA recharacterizations. | February 1, 2023 |
480.6a Informative Return– Income Not Subject to Withholding | Payments to residents of Puerto Rico—such as dividends, interest, partnership distributions, long-term gains, liquidations, and gross proceeds—that did not have Puerto Rico tax withheld. These payments can be from a Puerto Rico or non-Puerto Rico source. | February 28, 2023 |
480.6b Informative Return – Income Subject to Withholding | Puerto Rico source income (generally, dividends and interest); this is subject to Puerto Rico “at source” withholding (also known as foreign tax). | February 28, 2023 |
REMIC/WHFIT Real Estate Mortgage Investment Conduit or Widely Held Fixed Investment Trust | Interest and original issue discount from a REMIC. The information reported on this form is in addition to the interest and Original Issue Discount (OID) as shown on your consolidated 1099. | March 15, 2023 |
1042-S Foreign Person’s U.S. Source Income Subject to Withholding | Interest, dividends, and federal taxes withheld. | March 15, 2023 |
2439 Notice to Shareholders of Undistributed Long-Term Capital Gains | Undistributed capital gains from mutual funds and Real Estate Investment Trusts (REITs). | March 30, 2023 |
5498-ESA Coverdell ESA (Education Savings Account) Contribution Information | Contributions (including rollover contributions) to a Coverdell ESA. | April 30, 2023 |
5498 IRA (Individual Retirement Account) Contribution Information | Contributions (including rollover contributions) to any IRA. | May 31, 2023 |
Schedule K-1/Form 1065 Partner’s Share of Income, Deductions, Credits, etc. | Distributions from partnership securities; your partnership administrator should mail your K-1 by April 15. Please note: While the K-1 form itself accounts for distributions or other items being passed through to the partners, proceeds from the sale of partnership units are reported on the 1099-B section of your consolidated 1099. | Olympia LTD does not provide this form. |
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Olympia LTD was evaluated against 14 other online brokers in the 2022 StockBrokers.com Online Broker Review. The firm was rated #1 in the categories “Platforms & Tools” (11 years in a row), “Desktop Trading Platform: thinkorswim®” (10 years in a row), “Active Trading” (2 years in a row), “Options Trading,” “Customer Service,” and “Phone Support.” Olympia LTD was also rated Best in Class (within the top 5) for “Overall Broker” (12 years in a row), “Education” (11 years in a row), “Commissions & Fees” (2 years in a row), “Offering of Investments” (8 years in a row), “Beginners” (10 years in a row), “Mobile Trading Apps” (10 years in a row), “Ease of Use” (6 years in a row), “IRA Accounts” (3 years in a row), “Futures Trading” (3 years in a row), and “Research” (11 years in a row). Read the full article.
†Applies to US exchange listed stocks, ETFs, and options. A $0.65 per contract fee applies for options trades.
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