When will my tax documents be available?

Will I be receiving tax documents?

You’ll receive the tax documents you need to file your taxes, depending on your account activity for the year. (If you do not receive any forms, that means you do not need them.)

If you took a distribution (withdrawal) from your IRA, you’ll receive a 1099-R by January 31, 2025. 

If you sold securities or earned dividends or interest of more than $10 in your taxable account, you’ll receive a 1099 form. You’ll also receive an 8949 form if there were any securities sold in your taxable account — the 8949 form lets you list capital gains and / or losses. Note that these forms will be made available starting February 17, 2025, with all forms available no later than March 19, 2025.

Your Ellevest tax forms will only be the ones you’ll need to tell the IRS about your Ellevest investment account(s) when you file your taxes. Please note that even if you don’t need any tax forms from Ellevest, you’re still required to file a tax return if you earned income elsewhere. 

You may hear from us about your tax documents if you held an investment account with Ellevest sometime between January 1-December 31, 2024, even if those accounts have since been closed.

Please note Ellevest is not able to provide tax advice. We recommend consulting with a tax professional for advice.

When will my tax documents be available?

Every year, Ellevest and Goldman Sachs Custody Solutions (where investment assets for Ellevest digital clients are held) provides you with the tax documents you need to tell the IRS about your investment account(s) when you file your taxes.

When possible, Goldman Sachs Custody Solutions aims to send out tax forms as soon as they can, even if that’s before the deadline for sending 1099 forms. 

However, Goldman Sachs Custody Solutions has to wait for information from the companies that run the individual funds in your account, so unfortunately, they can’t expedite the process or guarantee an earlier date. The timeline for Goldman Sachs Custody Solutions to prepare tax documents is standard for most investment accounts across the industry.

We’ll send you an email every time a new tax document becomes available in your account. After you receive the email, you'll be able to find the document by logging in to your account on desktop, clicking on “Hi, [your name]” in the top right-hand corner of your dashboard, and selecting “Documents” from the dropdown menu.

Here’s when you can expect each document:

Here’s when you can expect each document, but please note that depending on your account, you may not need all of these. We’ll only send you the ones you need.

January 31: Form 1099-R will be available.

This form lets you list any distributions (aka withdrawals) you took from your IRAs in 2024.

March 19: Forms 1099 / 8949 will be available.

The release of 1099 / 8949 forms will begin February 17, 2025, with all forms available no later than March 19, 2025. (We'll send you an email every time a new 2024 tax document becomes available in your account.) You’ll receive a 1099 form if you sold securities, or if your dividends or interest were greater than $10 in your taxable account. You’ll receive an 8949 form if there were any securities sold in your taxable account — this form lets you list capital gains and / or losses.

April 9: Ellevest’s IRA contribution deadline. 

To make a 2024 contribution to an Ellevest IRA, you’ll need to have an active bank link, no restrictions on your account, and a deposit scheduled on or before this day. You're able to max out your contributions as early as January 1, 2025. Our deadline is a few days earlier than the IRS deadline, but the buffer allows us to make sure your deposit processes in time. 

April 15: IRS tax filing deadline for 2024.

May 31: Form 5498 will be available. 

This form lets you list your total contributions to your IRA in a given tax year. It’s just for your records and not required for tax reporting. Please note that Form 5498 is for your records and informational purposes only. You are not required to file it with your tax return.

October 15: IRS extension tax filing deadline for 2024.

Please note that contributions can't be coded or relabeled for 2024, as this deadline will have passed in April.

The information provided is current as of the date of this writing and for informational purposes only. It should not be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities, and should not be considered specific legal, investment or tax advice. Please consult a tax advisor for any questions specific to your tax needs.