LPL Tax Season Guide

Looking for an easy button this tax season? We’ve got you covered. As an investor working with an LPL Financial advisor, this guide is your go-to resource for LPL’s tax form mailing schedules, instructions for accessing your tax documents online, and time-saving tools. 

LPL Tax Form Mailing Schedule

Understanding when to expect your tax documents is crucial for filing your taxes on time. LPL follows a staggered mailing schedule for different tax forms.

Tax Form What’s Reported Typical Mailing Date Details
Consolidated 1099 All reportable income and transactions for the year January 23 & February 6 Form 1099-B, Form 1099-DIV, Form 1099-INT, Form 1099-MISC, and Form 1099-OID
February 20 Accounts with complex holdings that received final tax reporting from issuers after January 28
March 6 & March 16 Accounts where security issuers did not furnish tax information to LPL in time for the anticipated February mailing
Form 1099-R/Q Distributions from qualified retirement plans January 23 401(k), profit sharing, and money-purchase plans, IRAs, and IRA recharacterizations
Preliminary 1099 Consolidated Statement An advanced draft copy of your 1099 consolidated tax forms. These are only available electronically and will not be mailed. Includes accounts that won’t receive a final 1099 Consolidated Tax Statement until all income data is finalized
Form 5498 IRA Contributions March 6 & May 29 Including rollover contributions to any IRA
IRA Tax Filing or Extension Request Deadline Filing deadline to submit tax returns or an extension to file and pay taxed owed for most tax payers April 18
Schedule K-1/Form 1065 Partner’s share of income, deductions, credits, etc. LPL Financial does not provide this form. If you hold partnership securities, expect your distribution tax documents to arrive by April 15 from your partnership administrator. Any proceeds from selling those units will be listed in the 1099-B section of your consolidated 1099.

Haven't Received Your Consolidated 1099?

If you haven't received your Consolidated 1099 by mid-February, check your Account View for electronic delivery or contact your LPL Financial advisor for assistance. Delays can occur due to reclassification by investment companies. These delays do not affect your filing deadline, but it's essential to wait for your final documents to ensure accuracy. 

How to Access Your LPL Tax Documents Online

Accessing your tax documents online is convenient and secure through LPL's Account View platform. 

1.

Log in to Account View

Use your credentials to access your account.

2.

Navigate to Tax Documents

Find your tax forms under the appropriate section.

3.

Download Your Documents

Save or print your tax forms for your records.

Ensure your contact information is up to date to receive notifications about your tax documents.

Log into Account View

Tax Season Tools and Calculators

Tax time isn’t just about forms — it’s a smart moment to check in on your financial picture and take action. Here are a few easy-to-use tools to help you get started.

Get Ready for Next Year’s Tax Season

Getting ahead of tax season isn’t just smart — it’s empowering. Early prep can help you avoid delays or missing documents, reduce stress, and maximize your investment tax efficiency. Here are some steps you can take now:

  1. Confirm your mailing address and email on file with LPL.
  2. Switch to electronic delivery of tax documents in Account View.
  3. Track realized gains/losses throughout the year.
  4. Schedule a tax review with your LPL advisor.

Even small steps now can save time and reduce stress next year. Contact your LPL Financial advisor to help you plan your tax strategy.

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Tax Season FAQs

Can I file my taxes before receiving my LPL K-1 or final 1099?

It’s strongly recommended that you wait to receive your final tax documents (including Schedule K-1s and 1099s) before filing. Filing too early may lead to inaccuracies if corrections or reclassifications occur. If you are concerned about meeting the IRS filing deadline, you can file for an extension, which provides additional time to submit your return without penalty (though any taxes owed must still be paid by the deadline).

A preliminary 1099 (sometimes called an “early” or “draft” 1099) gives you an initial view of your investment income, dividends, and capital gains. It is for informational purposes only and should not be used for filing.

The final 1099 is the official tax document that incorporates any updates, corrections, or reclassifications from fund companies. This is the form you should use to prepare and file your tax return.

Reclassification notices are issued when an investment company updates the tax treatment of distributions (for example, reclassifying a dividend as a return of capital). These changes can impact your taxable income and must be reflected in your tax return. Always wait for final 1099s, which include these reclassifications, to avoid filing incorrect information.

You can choose how you receive your tax documents:

  • Electronic delivery through Account View (fastest and most secure option).
  • Paper copies by mail, if that preference is selected in your Account View settings.

You can update your contact information directly in Account View or by reaching out to your LPL Financial advisor, who can help address that your records are accurate. Keeping this information up to date is essential to avoid delays.

If you notice discrepancies, contact your LPL Financial advisor or our investor support team at (800) 558-7567 between 9:00 a.m. and 6:00 p.m. ET. They will help research and, if needed, initiate a correction process so that your tax forms reflect accurate information.

LPL provides calculators and planning tools that can help you:

  • Estimate the tax impact of investment income.
  • Model different investment and withdrawal scenarios.
  • Coordinate tax-efficient strategies with your advisor (e.g., tax-loss harvesting, charitable giving, or retirement contributions).

These tools are most effective when used in partnership with your LPL Financial advisor and, when appropriate, your tax professional.

Disclosures

Content in this material is for general information only and not intended to provide specific tax advice or recommendations for any individual. Please consult your tax advisor before making any decisions based on this information.