When will my tax statement be mailed?
Tax statements are mailed at various times from January through May based on Internal Revenue Service (IRS) requirements, the types of accounts you have invested in, and the investments you own. The most common mailing dates are listed below. Review the complete 2019 tax statements mailing dates schedule.
- Jan. 31, 2020 - Tax statements for annuities, life insurance policies, IRAs and other retirement accounts, 529 Plans, and Coverdell Educations Savings Accounts (CESA).
- Feb. 1, 2020 – Tax statements for nonqualified mutual fund and brokerage accounts for clients and qualifying household members who have indicated their occupation includes them under the Farmer / Fisherman / Rancher IRS estimated tax provision.
- Feb. 15, 20203 - Tax statements for Ameriprise brokerage accounts, Managed Accounts investments and nonqualified Ameriprise® certificates accounts.
Some of my accounts are missing from the tax package I received. Will I receive more than one year-end tax statement package?
Your household may receive more than one year-end tax package from Ameriprise Financial if:
- You own various types of investments that have different IRS mailing deadlines.
- See the previous question and tax statements mailing dates for more information.
- There is more than one taxpayer in your household.
- Each account has one designated taxpayer and one associated taxpayer ID, including accounts that are owned jointly, by a trust, by a corporation, etc.
- The IRS requires that we send tax statements to each taxpayer separately.
- If you need to verify who the taxpayer is on an account, contact your Ameriprise financial advisor or a client service representative at 800.862.7919.
- Your accounts with reportable activity in 2019 have different mailing addresses or different financial advisors assigned.
- You own a Custodial IRA plan which has investments in mutual funds, Ameriprise® certificates accounts and/or brokerage accounts. Note that Custodial IRA plans receive one aggregate tax statement for all the accounts in the plan.
For more information, see questions:
When will my tax statements be mailed?
Will I receive more than one year-end tax statement package?
Why don’t I see tax statements for all of my IRA accounts?
How can I access my tax statements online?
Copies of many of your tax statements are available on the secure site on ameriprise.com. However, some RiverSource® annuity tax statements are only available on riversource.com.
To view your tax statements online you must be:
- At least 18 years old
- Registered for the secure site on ameriprise.com
- The taxpayer on the account
- In some cases, only the person listed as the taxpayer on an account, whose Social Security number (or other taxpayer identification number) is on the tax statement, will have access to the online tax statement. While a joint account owner who is not the first-named taxpayer on the account will have access to the online tax statement for non-qualified brokerage accounts, this is not the case for other types of accounts.
For more information see Online tax information FAQ.
How can I get an additional copy of my tax statement(s)?
You can get a copy of your tax statement online. See the previous question for more information.
Please allow 10 calendar days following the tax statement mailing deadline for your statements to arrive by mail prior to contacting your advisor or the Service Center for a duplicate statement. See contact information below.
Any owner or any person who is authorized to transact business for the account can request to have duplicate tax statements mailed to the address of record. For minors, the account custodian must make the request.
Note: Duplicates will be mailed to your address of record. Tax statements can’t be sent by fax or email.
Why is only part of my Taxpayer Identification Number listed on my tax statement(s)?
Only the last four digits of a Taxpayer Identification Number (TIN), which may be a Social Security Number (SSN), Individual Taxpayer Identification (ITIN), Adoption Taxpayer Identification Number (ATIN), or Employer Identification Number (EIN), will be shown on tax statements for security purposes. The preceding numbers will be replaced with X.
For example, SSN 123-45-6789 will be shown on the tax statement as the Recipient’s ID No. XXX-XX-6789. Truncating the TIN may assist in protecting you from identity theft. Although the number will be truncated on your tax statement, we will still report the full TIN to the IRS as required.
What is new this year for my Tax Year 2019 statements?
We have made some strategic changes in tax statement production beginning with the 2019 tax season. You can expect there will be no change to the type or amount of tax data. However, in response to ongoing feedback from previous years we have made changes to the level of detail and format of some tax statements.
Some of the improvements you may see:
- Clients with municipal bond funds will be provided a breakdown by state as both the percentage and the dollar amount.
- Year-end totals of the management fees you paid will be provided as supplemental information.
- For qualified (retirement account) statements, the table of contents has been replaced by a list of accounts and account owners on the first page.
- For non-qualified account statements, we have created a table of contents for each account within the package.
- The Package and Document ID used for tax data downloads will now be on the householding page, rather than the mailer page.
- Tax data downloads for TurboTax, TaxAct and H&R Block via the secure site will be available on approximately Feb. 8, 2020.
- Income reclassification amendment runs for RICs will be separated from those for royalty trusts, so many clients holding UITs will receive their reclassification amendments earlier this season than in prior seasons
Why is the information on my Ameriprise annual financial statement different from the information on my tax statement(s)?
The financial statement and the tax statement each have a different purpose, so you may notice different information and levels of detail in each statement. The Ameriprise annual financial statement reflects your account at a point in time, which is the last business day of the year. Alternately, the Ameriprise tax statement provides information across the span of a tax year that may be taken into consideration when preparing tax returns.
- When an investment has an income reclassification, the tax designation of income may change after year-end. This occurs more commonly with mutual funds, unit investment trusts (UITs) and real estate investment trusts (REITs)
- The financial statement will capture the information available at year-end
- The tax statement will be updated and mailed when the investment issuers notify us of changes
- When a mutual fund has spillover dividends, (dividends that are declared in the fourth quarter of the year and paid the following January)
- The financial statement captures the information available at year-end
- The tax statement will report these spillover dividends the year they are declared and report any updates after year-end
- When there is a sale transaction
- The financial statement will display the activity by settlement date
- The tax statement will list the activity and report to you and the IRS by trade date, per tax law requirements
- When there is cost basis5 information to report
- The financial statement may not reflect all the adjustments needed for tax reporting purposes
- The tax statement will report cost basis, holding period and gain/loss information for covered4 investments on the statement and to the IRS per mandatory cost basis reporting regulations. The cost basis for noncovered investments may be provided on the statement, if available, but will not be reported to the IRS. See Cost basis reporting FAQ for more information on covered investments.
For more information about the financial statement, go to Ameriprise financial statements FAQ.