Preliminary Tax Statements for 1099 Consolidated Forms
To assist those account holders who receive late tax information from issuers, Janney implemented the Preliminary Tax Form.
Types of securities which traditionally report late or reallocate their income often include:
- Certain Mutual Funds and Unit Investment Trusts (UITs)
- Real Estate Investment Trusts (REITs)
- Widely Held Fixed Investment Trusts (WHFITs)
- Collateralized Mortgage Obligations (CMOs) and Real Estate Mortgage Investment Conduits (REMICs)
If your account holds certain securities that haven’t finalized their taxability by the time 1099 Consolidated Forms are produced, you’ll be able to access a preliminary copy of your 1099 form online around February 18th.
Find which holdings don't yet have finalized tax information
This Preliminary Tax Statement also includes a special page which denotes which of your account holdings don’t have finalized taxability. Summary and detail pages of the Statement are watermarked to ensure account holders are aware they are
still waiting on final tax information, so the Preliminary Statement should not be used to file completed tax returns. Those account holders who have a Preliminary Statement produced for the 2019 Tax Year will still receive their official 1099-Consolidated
Form in early March.
Sign up for Online Access to view forms electronically
The Preliminary Tax Statement is only provided online through Janney’s secure Online Access client account website. Simply log on or
sign up for access and elect to receive your Tax Forms electronically. If you don’t have Online Access, you’ll receive a letter by mail, letting you know that a Preliminary Tax Statement is available for your account. You can then sign
up for Online Access to view the form immediately if you wish.
Janney Montgomery Scott LLC, its affiliates, and its employees are not in the business of providing tax, regulatory, accounting, or legal advice. These materials and any tax-related statements are not intended or written to be used, and cannot be used or relied upon, by any taxpayer for the purpose of avoiding tax penalties. Any such taxpayer should seek advice based on the taxpayer’s particular circumstances from an independent tax advisor.
Digital Access to Tax forms via Janney Online Access
Tax forms are available online for clients with a Janney Online Access account. To access your tax forms online, simply log in to your account, click “Statements & Docs” on the top of the page, then click “Tax Forms.” You will
then be able to review any available Janney tax forms for download.
Please contact your Financial Advisor or local branch for additional information.
Each taxpayer’s situation is different and tax-related information
provided herein is general in nature. Clients should consult with a professional tax advisor with questions specific to their personal tax situation.