January 2, 2024
By The Trust Company of Tennessee
You should expect your tax forms from The Trust Company of Tennessee to be postmarked on or before the following dates. If you have any questions, please contact your Relationship Manager.
For those who utilize TurboTax or H&R Block for filing, please contact your Relationship Manager about the possibility of importing your 1099 document automatically through the system.
| Tax Form | Description | Postmarked By Date |
| Retirement Accounts | ||
| 1099-R | Reports the taxable and non-taxable distributions from Traditional IRAs, SEP IRAs, Simple IRAs, Roth IRAs and Qualified Plans | Jan. 31 |
| 5498 | Reports individual and rollover contributions (including catch-up) made to IRAs throughout the year; it also reports employer and employee contributions for SEP, CODA SEP and Simple IRAs | May 31 |
| Investment Management Accounts/Revocable Trusts | ||
| 1099 | Consolidated Statements and Grantor Letters: Reports interest, dividends, capital gains and tax-deductible expenses from investment management accounts and revocable trusts Note: Complex returns may require additional time | Feb. 24 |
| Irrevocable Trusts | ||
| K-1 | Reports interest, dividends, capital gains, other income and tax-deductible expenses from irrevocable trusts Note: Complex returns may require additional time | March 19 |
| Health Savings Accounts | ||
| 1099-SA | Reports distributions from the account | Jan. 31 |
| 5498-SA | Reports contributions made to the account | May 31 |
| Coverdell Education Savings Accounts | ||
| 1099-Q | Reports distributions from the account | Jan. 31 |
| 5498-ESA | Reports contributions made to the account | April 30 |
| Other Forms | ||
| 1099-MISC, 1099-NEC and 1098 will be postmarked by their statutory due dates | Typically Jan. 31 |
Categories: Tax