Every year, Ellevest and your broker-dealer and custodian Folio will provide Ellevest Digital/Premium/Membership clients with the tax documents you’ll need for reporting your account to the IRS.
You’ll receive an email each time a 2020 tax document that’s relevant to your Ellevest account becomes available. Once they’re ready, you can also find them by clicking on the user menu in the top right-hand corner of your dashboard and then select Documents from the dropdown menu. Statements & tax forms are not yet available on mobile.
Tax Document and Filing Timeline
January 31: Form 1099-R will be available.
This form lets you list any distributions (aka withdrawals) you took from your IRAs in 2020.
February 28: First day most Ellevest clients can file taxes.
You’ll receive a 1099 form if you sold securities, or if your dividends or interest were greater than $10. 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.
May 13: Ellevest’s IRA contribution deadline.
To make a 2020 contribution to your Ellevest IRA account, you’ll need to have an active bank link, no restrictions on your account, and a deposit set up by this day.
May 17: IRS tax filing deadline for 2020.
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 not required for tax reporting.
October 15: IRA extension tax filing deadline for 2020.
Want to know more about how taxes work in your account? We’ve got you covered.