2013 / 2014 Tax Season Dates and Deadlines


1099 Consolidated Tax Forms
Now available
Learn how to access Tax Documents
Note: Not all accounts qualify for a 1099. Learn more
Maxit Schedule D / Form 8949
Now available
1099-R (IRA Accounts)
5498 (IRA contributions, rollovers, recharacterizations and conversions)
2013 5498 available on or around June 2, 2014
2013 Traditional and Roth IRA Contributions

 

 

Funding by Check
Postmarked by April 15, 2014
Funding by ACH
Submitted by 12:00 PM CT on April 14, 2014
Establishing new ACH relationship
Submitted by April 8, 2014
Funding by Wire
Received by 1:00 PM CT on April 15, 2014
Cash Journal from OH Account
Form received by 11:00 AM CT April 14, 2014.
2014 IRA Required Minimum Distribution (RMD
Your completed RMD withdrawal request must be received prior to 1:00 PM CT on December 31, 2014 to ensure processing for a 2014 distribution. How to request a required minimum distribution
Specific Tax Lot Assignments to Closing Transactions
Tax relief methods chosen within the Maxit Tax Calculator available via the OptionsHouse trading platform are for informational purposes and are not recorded for 1099-B reporting. The default tax relief method for all accounts is First-In First-Out (FIFO). View instructions on changing your tax relief method for 1099-B reporting.
TurboTax Downloads
Available 02/21/2014
Our clearing firm, Apex Clearing Corporation, offers a TurboTax download through TurboTax’s Investment input section. Please note that this will not download options trades, only stock transactions

 

TAX VIDEOS


Accessing Your Tax Documents
(1:12)

 

TAX FORMS


1099 Consolidated Tax Form

Your 2013 1099 Consolidated Tax Form is issued by our clearing firm, Apex Clearing Corporation, and shows the information that has been reported to the IRS.  The consolidated 1099 lists income and reportable transactions in the following types:

  • 1099-B         (Proceeds From Broker and Barter Exchange Transactions)
  • 1099-DIV     (Dividends and Distributions)
  • 1099-INT     (Interest Income)
  • 1099-OID     (Original Issue Discount)
  • 1099-MISC   (Miscellaneous)

In addition to the 1099 income types listed above, this form contains supplemental details provided to help you prepare your return.  Only the information reported on Form 1099 is sent to the IRS.

Please note that not all accounts qualify for a 1099. 1099s are only generated for accounts with greater than $10.00 in dividend and/or interest income or qualified trading transactions. For more information on what qualifies an account for a 1099, refer to this FAQ

1099-R (Distributions from Retirement Accounts)

This form is used to show distributions from retirement accounts including, Traditional, Roth and SEP IRA accounts.  It shows the total distribution amount and the distribution code(s) as well as any federal or state tax withholding that may have been requested at time of withdrawal.

5498 (Contributions to Retirement Accounts)

This form is used to show amounts deposited to Traditional, Roth and SEP IRA accounts for the previous tax year.  For Traditional and SEP IRA account holders who have reached the age of 70.5 years, the form is sent to show the fair market value of your IRA account in order to calculate your Required Minimum Distribution.

 

Tax Related Frequently Asked Questions


How do I take a Required Minimum Distribution from my IRA?
Can I access my 1099 tax forms online?
Will I receive a Form 1099-B for my account?
What qualifies a dividend for the beneficial tax treatment of 0-15%?
What Tax Relief Method is my cost basis being reported under?
Can I elect to assign a specific tax lot to a closing transaction?
When is a short sale reported for tax purposes?
What is a wash sale?
How do I make an IRA contribution (New OptionsHouse)?
How do I make an IRA contribution (Standard OptionsHouse)?
How do I transfer funds from an OptionsHouse account into an OptionsHouse IRA?
I believe there is an error on my Form 1099-B, how can I correct this?

Click a topic below to see all frequently asked questions related to that topic:
1099 Forms
Schedule D and D1
Maxit
How to fund your account
OptionsHouse IRA Accounts

Neither OptionsHouse, LLC nor any of its affiliates provide investment or tax advice.

 

Useful Links and Instructions


Accessing your 1099 form in the new OptionsHouse platform
Accessing your 1099 form in the standard OptionsHouse Platform
Funding method instructions
How to establish an ACH relationship (New OptionsHouse)
How to establish an ACH relationship (Standard OptionsHouse)
Cash or Securities Transfer Form
Traditional and SEP IRA Simplifier
Roth IRA Simplifier
EDU IRA Simplifier
IRA Deposit Slip