When to Expect Your Forms
Altruist will be sending tax documents out to clients as expediently as possible throughout the month of February. You will receive an email alert from AltruistFinancialLLC@investordocuments.com as soon as your documents have been uploaded.
Where to Find Your Tax Forms
To access your tax forms in Altruist:
- Log in to Altruist: Visit the Altruist website and log in with your credentials.
- Navigate to Documents: Once logged in, click on your initials icon in the top-right corner of the page.
- Click on the Documents Tab:
- Use the Tax Documents Filter: In the Documents section, you can use the Tax Documents Type filter to locate your tax forms easily:
- Scroll or Filter to Find Your Forms: You can scroll through your documents or use the filter to find the specific tax forms related to your account.
What Tax Forms Are Available?
The following tax forms will be available through Altruist:
- Consolidated 1099 Forms (Wave 1 and Wave 2): Includes forms for dividends, interest, sales, miscellaneous income, and more.
- Form 1099-R: For distributions from retirement accounts, including IRAs and pensions.
- Form 5498: Reports IRA contributions, rollovers, and required minimum distributions (RMDs).
- Form 2439: For shareholders of a regulated investment company (RIC) or real estate investment trust (REIT).
- Form 592-B: For California state tax withholding on dividends and sales.
- Schedule K-1/Form 1065: For partnership distributions and other related income.
For full details on these forms, please refer to the Altruist Tax Center.
Tax Form Availability Schedule
- Wave 1 – Simple Tax Forms (1099-DIV, 1099-B, 1099-INT, 1099-MISC): Available starting January 31.
- Wave 2 – Complex Tax Forms (Unit Investment Trusts, Income Reallocation, and more): Available starting February 28.
- Corrected Forms: Issued bi-weekly starting March 1 if corrections are needed (marked with a "C").
- Form 480.6 (Puerto Rico): Available February 28.
- Form 1099-R (Retirement Distributions): Available January 31.
- Form 5498 (IRA Contributions): Available May 31.
- Form 2439 (RIC/REIT): Available April 1.
- Form 592-B (California): Available January 1 - March 15.
- Schedule K-1 (Partnership Income): Available March 15 (or extended if filed).
Important Note for Advisors and Clients Who Converted to Altruist from SSG and Pershing in 2024: If you converted from SSG or Pershing to Altruist, you will receive two 1099 forms:
- From Pershing: For reportable activity from January 1 to the date of conversion.
- From Altruist: For reportable activity after your conversion through December 31, 2024.
Make sure to use both forms when filing your taxes.