We are sending this to you via our client blog to assure all of our clients receive and read this important information in a timely manner.
We are pleased to inform you that your 2012 Consolidated 1099 Tax Forms are now available from TD Ameritrade.
Please note that if you held shares of Real Estate Investment Trusts (REITs) in 2012, you are likely to have your distributions reclassified. These individuals will receive corrected Form 1099s prior to the March 15, 2013 deadline. You will be able to view them online once they are available.
We have checked into the potential REIT reclassification funds and some of the funds that we often use in our portfolios are named. Particularly, this includes the Nuveen Real Estate Secs I (FARCX) and DFA Global Real Estate Securities (DFGEX) . If you held these funds in your portfolio in 2012, please be advised that you may be receiving a Corrected Form 1099s from TD Ameritrade. This being the case, we suggest our clients hold off doing their taxes until we are certain the necessary corrections have been made. These corrections could require the filing of an amendment to your 2012 returns.
If you have any questions or need any additional information, please don’t hesitate to contact us.