Tax and documents
When will my tax documents be available?
Last Updated: January 16, 2026Each year, Apex Fintech Solutions (custodian of Finhabits clients’ investment assets) provides the tax documents about your investment accounts that you need to file your taxes with the IRS. Once the documents are generated, they are emailed or mailed to Finhabits users according to the established schedule. Please note that, depending on your account, you…
How much will I owe in taxes?
Last Updated: January 22, 2025The amount of taxes owed will depend on various factors, such as the type and amount of income reported on the 1099-R and Consolidated 1099 forms, potential capital gains, dividends, and any tax withholdings that have already been applied. However, as there are many variables specific to each client, including total annual income and possible…
Do I need to include these forms in my tax return?
Last Updated: January 22, 2025Yes, if you have received a 1099-R or Consolidated 1099 form, you must include these in your tax return, as they report taxable income. We highly recommend consulting with a tax professional to ensure proper reporting and address any questions related to your tax filing.
What is Form 5498?
Last Updated: January 16, 2026Form 5498 is issued by financial institutions to report contributions made to individual retirement accounts (IRAs) during the tax year (January 1, 2025 – April 15, 2026). This form provides essential information for clients to accurately report their IRA contributions when filing taxes.
Why haven’t I received a form for my retirement account?
Last Updated: January 16, 2026Form 5498, which reports contributions made to a retirement account in 2025, is typically issued by May 30, 2026. This is because IRA contributions for the 2025 tax year can be made until April 15, 2026 (Tax Day).
What is a Consolidated 1099?
Last Updated: December 18, 2025A Consolidated 1099 is a comprehensive tax document that combines multiple 1099 forms into a single report. This consolidated document may include the following forms: 1099-INT: Reports interest income earned. 1099-DIV: Reports dividends received from investments such as stocks, mutual funds, and capital gains distributions. 1099-B: Reports proceeds from the sale or exchange of securities….
Why wasn’t a 1099 issued for my account?
Last Updated: January 16, 2026If a client’s account in 2025 earned less than $10 in dividends and interest, a 1099 form will not be issued.
What is a 1099 form?
Last Updated: December 22, 2025A 1099 form is a tax document used in the United States to report various types of income that are not related to employment, such as interest, dividends, or capital gains from investments. There are several variations of the 1099 form, each designed to report specific types of income. These forms are issued by Apex…
What tax documents are generated for Finhabits clients?
Last Updated: December 18, 2025The primary tax documents generated for clients are the 1099 forms. Additional documents may be issued based on the specific circumstances of the client.
Where can I view my Finhabits tax forms and monthly statements?
Last Updated: December 22, 2025To view your tax documents and account statements in the app, follow these steps: Go to the “Investments” section At the bottom of the screen. Click on the “More” button: This will take you to a list of additional options. Select “Documents.” Here, you can find all your tax documents and account statements. Cómo leer…