It's tax season and the million dollar question we are asked each year is "when will I receive my 1099?" Excellent question! Below is the Pershing/Cambridge 1099 Delivery Schedule for 2024 Tax Reporting.
Please note that Cambridge provides the 1099, not our office, via mail or eDelivery, depending on your previously selected preference. To access NetXInvestor click > Client Login.
Pershing 1099 tax statements will be produced and delivered weekly beginning January 31, 2025 versus the phased mailing schedule of prior years.
Production Date:
January 31: (Generally, this includes accounts holding stocks, bonds and options.)
Form 1099 will be delivered for accounts with holdings and income that typically do not require reclassification or additional information from issuers.¹
February 7 (New for 2024):
Form 1099 delivery will begin for accounts that include mutual funds, real estate investment trusts (REITs) and certain equities for which issuers have finalized any income reclassifications and Pershing has completed processing. ¹
Revision delivery for 1099s sent January 31, as required.
February 14:
Form 1099 delivery will continue for accounts that include mutual funds, REITs and certain equities for which issuers have finalized reporting and Pershing has completed processing after the February 7 delivery. ¹
Pending 1099 Notices will be delivered for accounts where we are still awaiting data from issuers or in cases where we have not completed processing and review of all information. The notice will list investments that are awaiting information from issuers or trustees or final review and will indicate the possible delivery date of an investor’s 1099. This notice, which will be in Document Center> Tax Documents, will be delivered when information is not finalized before the February 14 delivery is prepared.
Revision delivery for 1099s sent January 31 through February 7, as required.
February 21² (New for 2024)
Form 1099 delivery will continue for accounts that include mutual funds, REITs and certain equities for which issuers have finalized reporting and Pershing has completed processing after the February 14 delivery. ¹
Revision delivery for 1099s sent January 31 through February 14, as required.
February 28²
Form 1099 delivery will continue for accounts that include mutual funds, REITs and certain equities for which issuers have finalized reporting and Pershing has completed processing after the February 21 delivery, as well as accounts holding certain unit investment trusts (UITs), and Widely Held Fixed Investment Trusts (WHFITs).
Revision delivery for 1099s sent January 31 through February 21, as required.
March 7² (New for 2024)
Form 1099 delivery will continue to be delivered for accounts for which we can now include information that has been finalized from issuers of mutual funds, REITs, and remaining unit investment trusts (UITs) and Pershing has completed processing after the February 21 delivery. ¹
Revision delivery for 1099s sent January 31 through February 28, as required.
March 14²
Form 1099 delivery will occur for all remaining accounts, regardless of whether pending income reclassifications for the account’s income have been received from issuers. This delivery will also include accounts holding complex non-equity securities, such as real estate mortgage investment conduits (REMICs).
Revision delivery for 1099s sent in January 31 through March 7, as required.
As always, please let us know if we can be of assistance to you.
Erin Fox and the Fox Financial Advisors Team
¹Holding only these types of securities does not guarantee tax statements will be mailed on the indicated date.
²Pershing’s 30-day extension to the mailing requirement will accommodate these phases of the mailing.