If you have an investment account with TD Ameritrade, you’ll need to access your 1099 tax form to report investment income to the IRS. Whether you earned dividends, interest, or sold securities, this form is essential for tax filing. Here’s how to get your TD Ameritrade 1099 and what you need to know about it.
What Is a TD Ameritrade 1099 Form?
A 1099 tax form reports various types of investment income and capital gains. TD Ameritrade issues different types of 1099 forms depending on your account activity, including:
- 1099-DIV – Reports dividend income and capital gains distributions.
- 1099-INT – Reports interest income earned on your investments.
- 1099-B – Reports proceeds from selling stocks, bonds, or mutual funds.
- 1099-R – Reports distributions from retirement accounts like IRAs or 401(k)s.
If your taxable investment income exceeds the IRS threshold, TD Ameritrade will provide the necessary 1099 form.
How to Get Your TD Ameritrade 1099 Form
TD Ameritrade typically issues 1099 forms by mid-February. Here’s how you can access yours:
1. Log Into Your TD Ameritrade Account
- Visit TD Ameritrade’s website.
- Click “Log In” and enter your credentials.
2. Access Your Tax Documents
- Navigate to the “My Account” section.
- Click “Tax Center” or “Documents” to find your available tax forms.
3. Download or Print Your 1099
- Locate your 1099-DIV, 1099-INT, 1099-B, or 1099-R form.
- Click the download button to save a PDF copy.
- Print the form for your records if needed.
If you opted for paper delivery, TD Ameritrade will mail your 1099 to your registered address.
What to Do With Your TD Ameritrade 1099
Once you have your 1099, follow these steps to ensure accurate tax reporting:
- Check for Errors – Review the form to confirm your personal information, investment income, and tax withholdings are correct. Report discrepancies to TD Ameritrade.
- Include It in Your Tax Return – Use the details from your 1099-DIV, 1099-INT, or 1099-B when filing your tax return.
- Use Tax Software or a Professional – Many tax software programs, such as TurboTax and H&R Block, allow direct 1099 imports from TD Ameritrade. If unsure, seek help from a tax professional.
- Retain for Recordkeeping – Keep a copy of your 1099 form for at least three years in case of an IRS audit.
Common Questions About TD Ameritrade 1099 Forms
What If I Don’t Receive My 1099?
If you don’t see your form by mid-February, check your online account or contact TD Ameritrade’s customer support.
Do I Have to Pay Taxes on 1099 Income?
Not all 1099 income is taxed at the same rate. Some qualified dividends may be taxed at a lower rate, and capital gains may be offset by losses.
What If My 1099 Is Incorrect?
If you notice an error, contact TD Ameritrade immediately. They may issue a corrected 1099 if necessary.
Final Thoughts
Your TD Ameritrade 1099 form is a key document for tax filing. Understanding how to access and use it can help you file your taxes accurately and avoid penalties. If you have any doubts, consult a tax professional for guidance.