Questions about Edward Jones tax forms

At Edward Jones, we want your tax preparation to go as smoothly as possible. Here are some of the most commonly asked questions we hear from clients during tax season.
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There are two primary methods in which you can receive your 1099s and other important tax documents:
Our goal is to provide a complete, accurate tax form as quickly as possible, and our efforts to ensure completeness and accuracy are what control how quickly your final form may be furnished to you. IRS regulatory deadlines play a role in the schedule as well.
The IRS requires brokerage firms like Edward Jones to furnish:
As permitted by the IRS, we furnish a small percentage of Consolidated 1099 Tax Statements as Figures Not Final to comply with the February 15 deadline.
We furnish all Consolidated 1099 Tax Statements as Figures Are Final by March 15.
Edward Jones expects to furnish tax forms according to the following schedule for the 2022 tax season. This schedule is subject to change and is not intended to be a guarantee of a specific date for your tax form.
Important: Enroll in Online Access to receive an e-delivery notification and retrieve your tax forms immediately. Clients relying on U.S. Postal Service delivery of a printed copy of their form may experience significant delays that are beyond our control.
FORM NAME | WEEK OF: |
---|---|
Form 1099-R | January 16 |
Form 1099-Q | January 16 |
Consolidated 1099 Tax Statement (Figures Are Final)1 | |
Equities | January 9 |
Mutual Funds & ETFs | January 16 & 23 |
Fixed-income securities & unit investment trusts | February 6 |
CMOs, REMICs, WHFITs and other complex securities | February 13 |
Consolidated 1099 Tax Statement (Figures Not Final)2 | February 13 |
Consolidated 1099 Tax Statement (Figures Are Final)3 | Weekly beginning week of February 13 |
Form 5498 | May 15 |
1 Refer to the latest week according to the securities held in 2022. These are guidelines only and not guarantees a form will be produced in a given week.
2For accounts holding more complex securities, it is likely Edward Jones will need to furnish a Figures Not Final Consolidated 1099 Tax Statement. See below for the types of securities that may cause a Figures Not Final tax form to be furnished.
3Figures Are Final versions are furnished as the tax reporting information for accounts is finalized. We furnish all remaining Figures Are Final forms by March 15.
Provide the form to your tax professional immediately. If you have already filed your tax return, consult with your tax professional about whether to file an amended return.
Edward Jones strives to minimize the need for revisions to your tax forms, but there are times when we are required to send you a Revised Final Figures version of your form. The specific reason for the revision will be listed on the cover letter sent with your revised form.
The IRS does not require tax forms to be issued for every account at Edward Jones.
Issuers of your securities may reclassify the type or timing of the income paid to you throughout the year. As a result, amounts seen on your monthly statements may not match entry-for-entry with your tax forms. The Consolidated 1099 Tax Statement is your official tax form and should be used when preparing your income tax returns. You can find more details in the Summary of Investment Income supplemental section of your Consolidated 1099 Tax Statement.
Form 5498 is furnished to you if you made a contribution to an individual retirement account (IRA), rolled over an IRA, recharacterized contributions, converted to a Roth IRA, or if the IRA owner passed away during the prior tax year.
Form 5498 is typically furnished in May. The IRS provides brokerage firms until May 31 to furnish Form 5498 in order to capture IRA contributions made until the individual tax return filing deadline. Form 5498 is not needed to file your tax return. Your monthly statements provide the contribution details needed for your tax return. Once you receive Form 5498, you may want to provide a copy to your tax professional for his or her records.
Note: For SEP and SIMPLE IRAs, Form 5498 reports contributions deposited to the account during the calendar year (Jan. 1 - Dec. 31) for which the form is issued.
The Form 1099-B we furnish to you provides cost basis for securities you sold. However, if we are missing cost basis information, the form will indicate that the cost basis for that security is unknown. The cost basis may be unknown for several reasons, and you can help us update your cost basis by providing some information:
During tax season, if your branch team updates cost basis for a security you sold, a new current-year tax form will be furnished to you unless you instruct otherwise. If you do not want to receive a new form, we still recommend that you provide the cost basis to your financial advisor. This will help ensure your tax forms will have updated cost basis information in the future.
Note: Updates to cost basis information may also cause a revised 1099 to be generated if the security was sold in any of the previous three tax years.
Cost basis reporting regulations require Edward Jones to perform calculations and adjust cost basis for certain fixed-income securities as designated by the IRS. We provide supplemental information detailing these adjustments in our Consolidated 1099 Tax Statement if you hold securities requiring adjustments. For more details, see the Fixed-income Supplemental Information section of your tax statement.
Additional documentation for limited partnerships and royalty trusts is provided by the organizations themselves. Edward Jones has no control over when they become available.
Address corrections: If the address on your tax form is incorrect, contact your financial advisor to make sure the address we have on file is updated.
Tax identification number corrections: We use the tax identification number on file with us as of Dec. 31 of the tax year when reporting to the IRS and on your tax forms. If the name or SSN/Tax ID on your form is incorrect, please contact your financial advisor to make sure the name or number we have on file is updated. The correct name and number will appear on all future tax forms. We are only allowed to correct a name or tax identification number on a current year tax form if the name or number used was incorrect due to our error.
Edward Jones Online Access provides you with a convenient and secure way to access and manage tax forms during tax season. If you are not enrolled, enroll today and enjoy these benefits:
For tax preparation assistance:
Contact a tax professional or the IRS at (800) 829-1040 or www.irs.gov.
For investment assistance and account questions:
Contact your Edward Jones financial advisor.
For questions about Edward Jones tax forms:
Call Edward Jones at (800) 282-0829.
Tax Season Expanded Hours:
Outside of tax season: Monday – Friday, 8 a.m. – 6 p.m. Central time
Edward Jones associates are available to answer questions about the tax forms we produce. We do not provide tax advice or tax preparation assistance but will be happy to help you understand your forms.
You may also check the status of your tax form at any time from mid-January through April 15 using our automated response system available at the same 800-number above.
Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. This content should not be depended upon for other than broadly informational purposes. Specific questions should be referred to a qualified tax professional.