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Kestra Financial - Bridgeville, PA

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Important IRA IRS 1099 Info for Symmetry Clients (Hold off tax filing until late March if possible!)

| February 14, 2018
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We have been informed by our two Symmetry Partners' custodians, TD Ameritrade and Trust Company of America, that IRS 1099 forms will be mailed no later than February 15, 2018.  HOWEVER, please be mindful that sometimes, “Corrected 1099 forms” are resent in mid- to late-March.

The reason for corrected 1099’s is that some asset management providers, such as Symmetry, have exposure to REIT’s (Real Estate Investment Trusts). Many REIT’s are known to re-classify the payment of dividends after the initial tax forms are sent, which necessitates the need for a corrected 1099.

Thus, our advice is to prepare to file your return, but don’t actually file it until the end of March, if possible. Please share this with your tax preparer and for more specific information, follow these links:

Trust Company Tax INFO

TD Ameritrade Tax INFO

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