Tip of the Month | February 2025
Gather Documents for Tax Season
Written By: Nick Ziarek, CFP®, CFA
Tax season is upon us! Here are some pertinent tax documents to start gathering:
1 – W2: Wages earned.
2 – 1099-DIV: Reports dividends earned in brokerage accounts.
3 – 1099-INT: With interest rates higher, you may have reportable interest earned if greater than $10.
4 – 1099-B: Reports any security transactions in a brokerage account. Note: The above three may be reported on a Consolidated 1099.
5 – 1099-R: Reportable distributions (or conversions) from a qualified retirement account.
6 – 1099-SA: Watch for this if you took any distributions from a Health Savings Account (HSA).
7 – 1098: Mortgage interest paid.
8 – Charitable donation receipts.
Remember, if you’ve elected e-delivery of statements and other documents, you may have to log in and download your various tax documents.