Tax season is rapidly approaching, so we’d like to offer a few reminders and tips as you prepare!

• TD Ameritrade Institutional typically has tax forms available around the following: forms for withdrawals from retirement accounts (1099-Rs) should be available in very-late-January; forms for activity in non-retirement accounts (i.e. consolidated-1099s, which could include -B, -DIV, -INT, -MISC, or -OID) should be available in mid-February.
• You can access forms electronically by logging in to your account at TDAI at www.advisorclient.com. As soon as they are available, you can print them for yourself. Mailed forms can take 5 – 7 business days from the time they are prepared (see previously-mentioned time lines) to get to you.
• We recommend that you do not schedule an appointment with your tax preparer prior to February 15th (or thereabouts, especially if you’re waiting to get them in the mail) so that you are more likely to have all of the forms that you need.
• All tax forms are subject to being corrected due to updated information that TDAI may receive from individual fund companies. Those corrections can take several weeks to be reported. Again, we strongly recommend waiting until even March to have your taxes completed in order to minimize the risk of needing to file an amended tax return.

Additional and more specific information will be posted as it becomes available on TDAI’s website, www.advisorclient.com.

As we continue to navigate the COVID-19 pandemic, we welcome the opportunity to talk and meet with you in whatever format you are most comfortable… in person, phone, Zoom, or Skype. If you have any questions or concerns, never hesitate to reach out to us. We wish you all a happy and HEALTHY New Year!