Mailing Dates
Below you will find the updated mailing schedule for your 1099 consolidated tax form from LPL Financial. LPL mails 1099 consolidated forms weekly to account for various deadlines and income variations so that your tax information is timely, accurate, and reliable.
Form Name | Available Online Date | Mailed by Date |
1099 Consolidated Tax Statement | January 17 (Saturday) & January 31 (Saturday) Accounts with the simplest tax information are not subject to income reclassification. February 14 (Saturday): Accounts holding more complex securities, for which issuers provided final tax information after January. February 28 (Saturday) & March 11 (Wednesday): Accounts where security issuers did not furnish tax information to LPL Financial in time for the anticipated February mailing deadline | January 23 & February 6
February 20
March 6 & March 16 |
Preliminary 1099 Consolidated Tax Statement | February 14 (Saturday): Accounts that are still waiting on final income reclassification will receive an advanced draft copy, “Preliminary 1099 Consolidated Tax Statement” These will be available electronically only and not mailed. | |
1099-R/Q Tax Statement | January 17 (Saturday) | January 23 |
5498 – IRA | February 28 & May 23 | March 6 & May 29 |
Schedule K-1 | K1 reports distributions from partnership securities. LPL Financial does not provide this form. This form should be delivered by the partnership administrator by April 15. Please note: Proceeds from the sale of partnership units are reported on the 1099-B section of the 1099 consolidated tax statement. | |
IRS Tax Filing deadline & Extension request deadline is April 15. | ||
Transferred Accounts
If your account was transferred to LPL in 2025, your tax statement will only include activity during the time you conducted business with us. Your former financial organization should provide tax statements for activities that occurred before your account was transferred.
FAQs
Why did I receive a 1099 Consolidated Tax Statement this year?
You received a 1099 this year because you received more than $10 in taxable income this year in the form of dividend income, interest income, or proceeds from share sales income.
Why are there different mailings for 1099 Consolidated Tax Statements?
During tax season, LPL will mail 1099 consolidated tax statements in multiple waves (like other major financial firms) to meet all IRS deadlines, reduce errors, and cut down on the need to mail corrected forms.
Why did I get multiple 1099-Rs?
Form 1099-R is used to report distributions from Traditional IRA, SEP, SIMPLE, and ROTH IRA plans and other retirement plans. Depending on the transactions, you will receive one 1099-R, reporting aggregate distribution information with the same distribution code, for each code based on transactions. You will receive a separate 1099-R if some of the distributions had state income tax withheld and other distributions did not. You will also receive a separate Form 1099-R for each state you had state income tax withheld for more than one state.
What is Form 5498?
This form reports the contributions, rollovers, and other relevant tax information for traditional, Roth, SEP, and SIMPLE IRAs. For traditional and Roth IRAs, the 5498 form reports information for the prior tax year. For SEP and SIMPLE IRAs, the 5498 form reports information for the calendar year in which the transactions were made. In most cases, you would receive this form only if they contributed or completed a rollover for the reported tax year. Form 5498 is for informational purposes only and is not required to file with your tax return. The IRS deadline for issuing Form 5498 is May 31. This deadline considers that contributions to IRAs may be applied toward the prior tax year, provided that the contribution is made by the filing deadline (without extensions) for that year’s income tax returns, which is generally April 15 of the following year.
Information on Qualified Accounts
Qualified accounts, commonly called retirement accounts, receive certain tax advantages as part of an education savings plan, an IRA, 401(k), or other type of retirement plan. For these types of accounts, we generally issue tax documents such as:
- Form 1099-R (Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.)
- Form 1099-Q (Payments From Qualified Education Programs (Under Sections 529 and 530))
- Form 5498 (IRA Contribution Information)
- Form 5498-ESA (Coverdell ESA Contribution Information)
LPL Account View
Account View is a technology that gives you a simple and convenient way to access your LPL Financial accounts anytime, anywhere, on any device. You can access Account View through a web browser to check your investment portfolio account balances and download important documents.
Click HERE to view the Account View Guide
Corrected Tax Statements
Corrected Tax Statements will be delivered as needed. Tax Statements may be revised for any of the following reasons:
- Reclassified income
- Change to foreign tax withholding
- Adjusted income paid
- Cancelled trade or as of trades
- Updated OID rate
- Changed Taxpayer Identification Number (TIN)
- Adjusted cost basis information for a covered security transaction
If cost basis information is adjusted for covered securities transactions, it may result in a revised Tax Statement (1099-B). If cost basis information is adjusted for non-covered securities transactions, a revised Tax Statement will only be delivered upon request.
New
Reporting Requirements for QCDs on 1099-R:
The Internal Revenue Service (IRS) has introduced a new requirement for reporting QCDs on IRS Form 1099-R. Beginning in 2026, individual retirement account (IRA) custodians and trustees must include Code Y in Box 7 of Form 1099-R when reporting a distribution that is intended by the IRA owner to qualify as a QCD. This change is intended to enhance the accuracy of QCD reporting, streamline processing, and provide clearer documentation to both the IRS and the taxpayer.
Note: For Tax Year 2025, the entry of code Y in box 7 is not required. LPL Financial, like most firms, will start coding for this in the 2026 tax year.
