The 2016 Form 1099 Composite & Year-End Summary is scheduled for two production mailings; the mailing date of your report will depend on the types of investments you hold:

Available online
February 1, 2017
1st production mailing
February 15, 2017
2nd production mailing
Mail dates for paper 1099s*
February 1-15, 2017
1st production mailing
February 15-28, 2017
2nd production mailing

Why are there two 1099 mailings?

Schwab strives to deliver your 1099 Composite as soon as possible. However, many times we don’t get the information we need from the issuers of securities or mutual funds in time for our early February mailing. ETFs, Mutual Funds, Complex fixed income, REITs, UITs, WHFITs, Suspect Securities, and US and Foreign stocks that have had income reclassified in the past are examples of the types of securities for which we frequently receive delayed information. If you hold these types of investments, you will receive your 1099 Composite in the 2nd production mailing in order to reduce the potential of receiving one or more corrected 1099s.

When will I receive my tax forms?

To help you quickly find the information you need, this page is organized by account type. Within each section, you’ll find an explanation of which form is required and when it is generally available.

2016 Form 1099 Availability by Investment Type

View, Download, and Print Mailing of printed forms Investment type
February 1, 2017 February 1-15, 2017 Stocks, options and cash deposit interest.

This date applies to accounts holding investments for which we have all necessary tax information.
February 15, 2017 February 15-28, 2017 ETFs and mutual funds, fixed income, REITs, UITs, WHFITs, suspect securities, and U.S. and foreign stocks that have been reclassified in the past.

This date also applies to accounts that made a sale or covered a short position in December 2016 or contain at least one investment for which the issuer can’t provide information in time for the earlier mailing.
-------- Starting February 28 Corrected 1099 forms

Brokerage accounts (1099 Composite, Schedule K-1, 1099-MISC, 1099-OID, and Form 2439)

Form 1099 Composite
When you’ll get it:
  • Early February—The first mailing is sent out in early February to clients who hold equities and options—securities that are not at high risk of income reclassification (which would require a corrected Form 1099).
  • Late February—The second mailing is sent out in late February to clients with mutual funds and ETFs that have shown a tendency to reclassify certain income.
What it is:

If you have a taxable brokerage account, you may receive Form 1099 Composite, a Schwab tax report that bundles IRS Forms 1099-DIV, 1099-INT, 1099-MISC, 1099-OID, and 1099-B.

Form 1099-DIV: Reports dividend and non-dividend distributions earned on stocks and mutual funds held in your account, including capital gain distributions.

Form 1099-INT: Reports any interest paid to your account.

Form 1099-MISC: Reports royalty payments and substitute payments in lieu of dividends and interest paid to your account. You may still receive a separate Form 1099-MISC reporting Other Income.

Form 1099-OID: Reports original issue discount (OID) accrued for the current year. The amount reported is based on the excess of the stated redemption price (at maturity) and the original issue price (not purchase price) of a debt instrument, such as a bond or note, with a term of more than one year. Taxable income earned on securities whose income is taxable on an accrual basis is also reported on this form.

Form 1099-B: Reports proceeds and cost basis from the sale of assets in your account, as well as tenders, redemptions, and taxable corporate reorganizations. All transactions are reported on a trade date basis. The proceeds reported are the net amount paid, and commissions have been deducted.

Schedule K-1
When you’ll get it: March
What it is: If you held at least one limited partnership or limited liability company investment in your Schwab account, you may receive a Schedule K-1 tax form listing your share of income generated by an investment in a partnership.
Form 1099-MISC
When you’ll get it: February
What it is:

Form 1099-MISC reports:

  • Consent payments—special payments to investors who agree to allow the security issuer to make use of the invested principal in ways not normally authorized. The investors must vote on this use of the principal.
  • Gross-up payment in lieu—If a security is lent out by Schwab on the dividend record date, as part of the Margin Account Agreement you may receive a substitute “payment in lieu of a dividend” from Schwab instead of the actual dividend from the corporation (issuer). Schwab makes an additional payment (referred to as a “Schwab credit” or “gross-up payment in lieu”) to some clients who are tax-disadvantaged when this occurs. This payment is intended to roughly make up the difference between the public information listing (PIL) tax rate and the rate for qualified dividends.
  • Miscellaneous credits—complimentary credits that may have no relation to your holdings.
Form 1099-OID
When you’ll get it: March
What it is: Reports original issue discount (OID) amounts that may have accrued on real estate mortgage investment conduits (REMICs) and other collateralized mortgage obligations (CMOs).
Form 2439
When you’ll get it: Ongoing; it’s delivered within 90 days of issuer’s fiscal year-end.
What it is: If you have a mutual fund or real estate investment trust (REIT) that is eligible to pass on dividends, interest payments, or the taxes on capital gains to clients or individual investors, you may receive Form 2439.

Banking (1099-INT)

Form 1099-INT
When you’ll get it: End of January
What it is: Reports any interest paid to your Schwab Bank High Yield Investor Checking® account(s) and/or Schwab Bank High Yield Investor Savings® account(s).

Retirement (1099-R, Form 5498)

Form 1099-R
When you’ll get it: February
What it is: Form 1099-R reports all distributions from IRA, 403(b), or QRP/Keogh accounts. A separate Form 1099-R is issued for each type of distribution.
Form 5498
When you’ll get it: June. Form 5498 is sent after the tax-filing deadline.

The IRS deadline for making most prior-year contributions to retirement accounts is April 15 (or the next business day if April 15 falls on a weekend or holiday). Since information cannot be finalized before this deadline, the filing requirements provide that Form 5498 be sent no later than June 1.

What it is: Form 5498 tells you what Schwab reported to the IRS about your Schwab IRA for the calendar tax year. In conformity with applicable filing requirements, Schwab must report to you and the IRS on Form 5498 all contributions (including rollovers, conversions, recharacterizations, reconversions, and employer contributions), as well as the total balance or “fair market value” of your Schwab IRA.

Education savings account (ESA) (1099-Q, Form 5498-ESA)

Form 1099-Q
When you’ll get it: February
What it is: Form 1099-Q provides you with information concerning distributions and rollover payments from your Coverdell Education Savings Account (ESA). This includes distributions made directly from another Coverdell ESA (a trustee-to-trustee transfer).
Form 5498-ESA
When you’ll get it: May. Form 5498-ESA is sent after the tax-filing deadline.

The IRS deadline for making most prior-year contributions to retirement accounts is April 15 (or the next business day if April 15 falls on a weekend or holiday). Since information cannot be finalized before this deadline, the filing requirements provide that Form 5498-ESA be sent no later than April 30.

What it is: Form 5498-ESA tells you what Schwab reported to the IRS for your Coverdell Education Savings Account for the tax year. In conformity with applicable filing requirements, Schwab must report to you and the IRS on Form 5498-ESA all contributions as well as the total balance or “fair market value” of your Coverdell Education Savings Account.

Non-resident alien (1024-S)

Form 1042-S
When you’ll get it: March
What it is: Reports income earned and taxes withheld on US source income earned by Foreign Persons’ accounts.

Information on paperless forms.

If you’re a Schwab client and have opted in to use paperless forms, log in to the Client Center at schwab.com/taxforms. Here you’ll find important tax information and learn when your tax forms will be available.

If you’re a Schwab client and want to go paperless, log in to the Client Center at schwab.com/paperlessnow. Schwab offers electronic delivery of Form 1099 Composites, 5498 tax forms, year-end summaries, and corrected tax documents. When your tax documents are available online, you’ll receive an email notifying you. The form(s) will be available under the Statements & Reports tab. To protect your security, login is required.

Additional resources for Schwab clients

Don’t see your form? For more information on forms and mailing dates, log in to Schwab.com or give us a call at 888-303-0310.

We're here to help

Clients of independent investment advisors: You may also contact your advisor or call Schwab Alliance at 800-515-2157.