For Brokerage Accounts
Interactive Brokers (IBKR) reports all reportable amounts on a Consolidated Form 1099 which includes specific forms 1099 for each type of income. When issued by end of day February 17 you may find your forms in Client Portal by selecting Performance & Reports menu followed by Tax Documents under Reports. Often tax forms are revised after being issued. We recommend that you check your account periodically for updated forms as you prepare and finalize your tax return.
Additionally, IB issues Form 2439, "Notice to Shareholders of Undistributed Long-term Capital Gains", to holders of regulated investment companies (RICs) or real estate investment trusts (REITs), when applicable. The issuance date of this form varies for each specific investment.
For IRA (Individual Retirement Account), Roth IRA and SEP IRA Accounts
- Form 1099-R reports distributions from IRAs and SEP IRAs and is issued on or before January 31 each calendar year.
- Form 5498 reports contributions and rollovers to Traditional IRAs, Roth IRAs, and SEP IRAs as well as the fair market value of the account on December 31. Form 5498s are distributed on or before May 31 of each calendar year.
Effective January 1, 2017 Interactive Brokers LLC serves as the custodian for IRAs. Prior to that date Equity Trust Company served as the trustee for tax-deferred IRA accounts.
All forms and publications cited are Internal Revenue Service Publications available at www.IRS.gov.
IBKR also offers tax-advantaged account types for clients who are U.S. citizen, such as IRA accounts. Please click here to learn more about these account offerings.