Preliminary Tax Statements for Holdback 1099 Consolidated Forms
Janney has introduced the Preliminary Tax Statement to help account holders who receive late tax information from issuers. Types of securities which traditionally report late or reallocated income often include:
- Certain Mutual Funds and UITs (Unit Investment Trusts)
- REITs (Real Estate Investment Trusts)
- WHFITs (Widely Held Fixed Investment Trusts)
- CMOs (Collateralized Mortgage Obligations) and REMICs (Real Estate Mortgage Investment Conduits)
If your account holds certain securities for which their taxability has not been finalized by the time 1099 Consolidated Forms are produced, you will now be able to access a preliminary copy of your 1099 form online via Janney’s Online Access via www.myjanney.com around February 15th.
This Preliminary Tax Statement also includes a special page which denotes which of your account holdings have not 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. The Preliminary Statement should not be used to file completed taxes. Those account holders who have a Preliminary Statement produced for the 2018 Tax Year will still receive their official 1099 Consolidated Form in early March.
The Preliminary Tax Statement is a new online only feature, which can be accessed by logging in to your Janney Online Access account through our secure website. If you have not yet enrolled in Janney Online Access, you will receive a letter in the mail notifying you that a Preliminary Tax Statement is available for your account, and that you may enroll in Janney Online Access and access your reports.
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.