Depending on the type of account(s) you have with Swell, you should expect the following document(s):
- For a Swell Flexible account (standard taxable account) with dividends or realized gains/losses, we’ll post a Consolidated 1099. Please note that some taxable accounts will have 2 Consolidated 1099s this year.
- For any IRAs (Traditional, Roth, or SEP) with any distributions/withdrawals (meaning that you have reached the age of 59½ and have begun taking money out, or you’ve taken money out early and are subject to penalties), we’ll post a 1099-R.
- For any IRAs with contributions/deposits, we'll post a form 5498 (this won't be available until late May because you can contribute to an IRA through mid-April). Please note that a Form 5498 is for informational purposes only. You are not required to file it with your tax return.