Tax Season Dates You Need to Know for 2024

• There are six important tax dates you should know for 2024.
• Tax Day is April 15, 2024. 
• You can make 2023 IRA contributions until April 15, 2024 at 3 p.m. EST.

Tax season is just around the corner. To help you get organized, here’s a breakdown of tax forms you can expect from Stash, as well as the dates they are likely to be available.

For more information about the specific forms, you can go to the Internal Revenue Service (IRS) website. The IRS is the official source of deadlines, rules, and regulations for your taxes. We also recommend consulting a tax professional if you have specific questions. 

On or before February 15, 2024

Forms available!

Form 1099-R is available from Stash. You will only receive a 1099-R if you have taken a distribution (withdrawal) from your Stash Retire account that was $10 or more. If you’ve taken more than $10 out of your Stash Retire account, you should receive this form.

Profit and Loss statement is available from Bakkt for those who invested in Stash Crypto. This statement can be inputted into your chosen tax software. 

Consolidated Form 1099. If you meet the criteria for multiple 1099s, we will issue you what’s called a Consolidated 1099, which will consolidate all relevant forms into one convenient document. Many Stash investors will have Consolidated 1099s. A Consolidated 1099 may include:

Form 1099-B. This form is issued by Stash to represent realized gains or losses in any investment in your Stash Invest account in 2023.

There’s still a chance that you might get a 1099-B if you are subject to any backup withholding. Backup withholding happens when the information you have on file with the IRS does not match the information you have on file with Stash, the information is not corrected within an allotted time-frame, and you have any activity in your account during this time. For instance, the IRS has your social security number on file as 123-45-6789 but your SSN was reported to Stash as 124-35-6789.

Form 1099-DIV. This form is sent by Stash if you received dividends in 2023.

Form 1099-INT. This form is sent by Stash if you received more than $10 in interest in 2023.

February 28, 2024

Customers in Puerto Rico!

Form PR 480.6. This form is sent by Stash if you need to report certain income received by Puerto Rico taxpayers and Puerto Rico tax withholding.

April 15, 2024, at 3 p.m. EST

Stash Retire customers!

This is the final deadline to make a contribution toward your 2023 individual retirement account (IRA). Any contributions made after 3:00 p.m. EST on April 15th will go toward your 2024 contribution limit.

April 15, 2024

Tax Day!

This is your deadline to file your taxes this year. Certain states have specific deadlines, so be sure to check your state’s website for the most accurate deadline information.

On or before May 31, 2024

Form Available!

Form 5498. This form is only applicable to Stash customers with a Stash Retire IRA. The form will showcase all activity, such as contributions, rollovers, etc., that took place within your Stash Retire IRA during the 2023 tax year. This form is mostly for your records. It is sent to you as well as the IRS, and it is not necessary in order for you to file your taxes in a timely manner. 

October 15, 2024

Tax Day Take 2!

This is the last day to file your taxes if you’ve previously filed for an extension.

December 31, 2024

Take the required minimum distribution (RMD).

If you’re 72 or older, you must take a required minimum distribution from your IRA every year, also known as an RMD. (That’s 70 ½ if you reach 70 ½ before January 1, 2020.) If you have an IRA and you meet these criteria, remember to take your RMD by the end of 2024, as you are required to take your RMD by December 31 of each year. You can figure out how much you need to withdraw from your account by using the worksheets found here.

Last day to buy or sell stocks in order to claim gains and losses

When you file your taxes, you have to claim your capital gains and losses, or how much you earned or lost by buying and selling investments this year. One strategy you might use is to sell investments that have lost value to offset the taxes you’ll have to pay on gains, which is called tax-loss harvesting. In order to employ this strategy, you’ll have to make any sales or purchases by the end of the 2024 year.

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