Tax document mailing dates
Important notes about your tax documents
Ameriprise clients: Paper tax documents and account statements may arrive later than expected if there are U.S. postal system delays. Generally, you can log in to the secure site and access documents on the same day they’re mailed. Register or log in.
- Tax document mailing dates vary depending on the types of accounts and investments you own.1, 2 See mailing dates below.
- For jointly-owned accounts, tax documents are sent only to the person whose name and taxpayer identification number (Social Security Number for individuals) is shown on the account.
- For accounts owned by a trust, tax documents are sent to the trustee.
- For corporations or other entities, tax documents are sent to the corporation's designated agent.
- For brokerage and certificate accounts, tax documents are viewable online by the designated account owner. Owners under age 18 and entities such as trusts or corporations are not able to view online tax documents.
- We recommend waiting to file tax returns until each taxpayer in your household (or group) whose income could affect your tax return receives tax documents for all of their accounts with reportable activity in 2023.
- Some RiverSource® annuity tax documents are only available on riversource.com. Log in.
- The IRS filing deadline for 2023 individual tax returns is April 15, 2024 (April 16, 2024 for residents of Maine and Massachusetts).3
- Remember: Clients can elect to receive their tax documents through e-delivery if they are registered for the secure site on ameriprise.com.4
| Tax documents | Account / Investment type | Mailing status |
|---|---|---|
| 1099 Consolidated Tax Statement 5
Includes the tax documents below
|
|
|
| 1099-INT, Interest Income |
|
|
| Additional tax reporting for UITs, REMICs, CDOs, WHFITs and WHMTs11
Includes updated tax documents below, as applicable:
|
Updated tax documents for the above account types holding investments in:
|
|
| 1099-R12
Distributions from Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
|
|
|
| 1099-LTC, Long-Term Care and Accelerated Death Benefits |
|
|
| 1099-Q, Payments from Qualified Education Programs (Under Section 529 and 530) |
|
|
| 5498, IRA Contribution Information |
|
|
|
Final 5498 |
|
|
| 5498-ESA, Coverdell ESA Contribution Information14 |
|
|
| Final 5498-ESA |
|
|
|
1042-S, Foreign Person’s U.S. Source Income Subject to Withholding |
|
|
| Schedules K-1, K-2, K-3 (Form 1065), Partner’s Share of Income, Deductions, Credits, etc. | Special note: this document is created by the partnership, not by Ameriprise Financial. Investors in the partnership will receive their form directly from the partnership (not from Ameriprise Financial) and should contact the partnership with questions. |
|
| Updated forms5,6 | All investment types |
|
Why you may not receive a tax document for a small amount
- If your accounts earned less than $10 in income for the calendar year, you generally will not receive 1099-DIV, 1099-INT or 1099-OID forms because the IRS does not generally require tax reporting for these amounts.
- There are exceptions to this rule. We will issue a tax document if there was any amount of backup withholding, early withdrawal penalty, or foreign tax paid on accounts that earned less than $10 in income for the calendar year.
- You may still need to report this income on your tax return. The total amount of income earned in 2023 in your account(s) can be viewed in the Activity Detail section on your last financial statement for 2023 and on your Ameriprise annual financial statement (available only on the secure site on ameriprise.com).
Why US entities might receive a Form 1042-S
- Entities that have not provided Ameriprise with a certified Taxpayer Identification Number (TIN) are treated as foreign entities for Foreign Account Tax Compliance Act (FATCA) purposes. A certified TIN is one provided on Form W-9.
- Under FACTA, nonqualified10 accounts owned by entities such as trusts, corporations, partnerships, estates, etc., (not individual clients) without a certified TIN on file during any part of the year, will be subject to FACTA withholding on interest and dividend income during that time (currently 30%). The account will receive Form 1042-S if it has interest and dividend income and FATCA withholding has occurred.
- You may also receive any applicable Forms 1099-B reporting sale proceeds, cost basis information, and possibly other tax reporting if you had any sales and redemptions.
Why you might receive updated tax documents
- One of the reasons you might receive updated tax documents is due to income reclassification. You can anticipate an updated document(s) if any of your nonqualified10 Ameriprise brokerage accounts or Managed Accounts investments hold investments in real estate investment trusts (REITs), Unit Investment Trusts (UITs) and certain mutual funds.
- Income reclassifications and other adjustments are made by some companies that issue stock or mutual funds. They may provide updated information too late to be incorporated into the year-end tax documents.
- Ameriprise may send updated tax documents when we receive revised information from the investment issuer, or when your account has other information changes.5,6
- Tax reporting updates due to income reclassification can occur any time throughout the year.
- We will only send new or updated tax document(s) for accounts affected by changes. We will not resend any 2023 tax documents that don’t require updates.
- To make it easier for you and your tax preparer to find the changes that were made to your tax reporting, amended tax packages for nonqualified10 Ameriprise brokerage accounts will include a summary of changes. If you import your tax package using the tax download tool, that import will capture the most up-to-date tax data available, including any changes. If the data had been imported earlier, the corrected data should replace the original data.
- You may also receive updated tax documents for other reasons, such as account corrections or cost basis updates.
- For more information review reclassification information at ameriprise.com/taxprofessionals.
1You may receive multiple tax document packages depending on the types of accounts and investments you own and the due dates of the forms related to those accounts. Documents will be mailed by the IRS mailing deadline, unless there are extenuating circumstances that prevent us from meeting the deadline. If we are unable to meet the deadline, we will apply for an extension from the IRS for both mailing the tax documents and reporting the information to the IRS.
2Tax documents with the same mailing deadline are mailed together in one tax document package if they have the same taxpayer identification number (Social Security Number for individuals), Ameriprise client ID number, address and Ameriprise financial advisor.
3Filing Deadline: file Form 1040 by April 15, 2024. The due date is April 16, instead of April 15 if you live in Maine or Massachusetts, because of the Patriot’s Day holiday in those states.
4Clients are eligible for e-delivery if they are an individual (not an entity such as LLC or irrevocable trust), are not a minor, are registered for the secure site on ameriprise.com and have a valid email address on file. Clients should log into the secure site and navigate to the My Profile link, then click on Document Delivery Preferences to opt-in to e-delivery.
5If you own Ameriprise® brokerage account(s) or Managed Account investment(s) that are not part of an IRA or other retirement plan, the issuers of the investments you hold may reclassify the income you received, changing the tax character of the amounts they paid to investors, which may result in updates to the tax documents you already received from Ameriprise Financial. To make it easier for you and your tax preparers to find the information needed for tax returns, we will only send new or updated tax document(s) for accounts affected by changes. We will not resend any 2023 tax documents that don’t require updates. If you import your tax package using the tax download tool, that import will capture the most up-to-date tax data available, including any changes. If the data had been imported earlier, the corrected data should replace the original data.
6Ameriprise applies the De Minimis Error Safe Harbor rules (under IRC 6721 & 6722) for some updates to tax reporting. The rules allow financial institutions not to produce updated tax reporting for the client and the IRS for certain small changes of $100 or less ($25 or less for tax withholding). You can choose to receive updated tax documents regardless of the amount of the change. For more information, visit Tax filing FAQ at ameriprise.com/financial-goals-priorities/taxes.
7The IRS mailing deadline is Feb. 15, 2024, for Form 1099-B, and other forms related to an account which could receive a Form 1099-B. The Form 1099-B generally reports sales of securities. The mailing date for an account that could receive a Form 1099-B is Feb. 15, 2024, even if no Form 1099-B is required because there were no sales in the account.
8Some issuers, most frequently mutual funds and real estate investment trusts, may revise prior year tax data in a way that results in changes to 2023 redemptions or exchanges, requiring updates to Forms 1099-B or 1099-DIV. The 1099-B can change because the basis of the asset can change. For example, basis is reduced by a return of capital.
9Form 1099-MISC may have a mailing deadline of Jan. 31, 2024, when it isn’t issued as part of a nonqualified brokerage or Managed Account investment consolidated tax document. Form 1099-MISC is not available for import into H&R Block® tax preparation tools.
10Nonqualified accounts are those that are not part of an education savings plan, IRA, or other retirement plan.
11Clients who own REMICs, CDOs, WHFITs or WHMTs and other types of investments in their brokerage or managed account(s) will receive a consolidated tax document package by Feb. 15, 2024. They may also receive a revised tax package by the IRS due date of March 15, 2024, that reports updated and additional tax information we receive from issuers of their REMICs/CDO/WHFIT/WHMT investments. To make it easier for you and your tax preparers to find the information needed for tax returns, we will only send new or updated tax document(s) for accounts affected by changes. We will not resend any 2023 tax documents that don’t require updates.
12Ameriprise does not apply the $10 reporting exception under IRS 6047(d) for Form 1099-R. You will receive those forms regardless of the amounts being reported.
13If your IRA plan includes certain hard-to-value investments, the fair market value of the plan shown on Form 5498 that is mailed by Jan. 31, 2024; may change. In some cases, we receive updated valuations for Dec. 31 after year-end statements have been mailed. Updated information will be incorporated into Form 5498, which will be mailed by May 31, 2024. This information may be useful for certain taxpayers, for example those taxpayers taking required minimum distributions.
Neither Ameriprise Financial nor its representatives or affiliates may provide tax or legal advice. Consult with your tax advisor or attorney regarding specific issues.
IRS deadlines for tax document mailing, individual tax return filing, IRA and Coverdell contributions and estimated tax payments are delayed to the next business day if they fall on a weekend or legal holiday.
Neither Ameriprise Financial nor its representatives or affiliates may provide tax or legal advice. Consult with your tax advisor or attorney regarding specific issues.
Ameriprise Financial Services, LLC. Member FINRA and SIPC.