[Apex] When will my tax documents be available?

Please see the below scheduled delivery date for tax documents. You'll be notified by email once your document is ready.

For Domestic Individual Accounts

1099-B

- Sales or redemptions of securities, futures transactions, commodities, options, and barter exchange transactions.

- All sales of full shares regardless of amount will be reported on a Form 1099-B. Fractional shares may be subject to a de minimis reporting if under $20.00.

- A Form 1099-B will be filed for any person for whom Apex withheld any federal tax under the backup withholding rules regardless of the amount.

o Note: For non-covered securities, the cost basis information provided on the 1099-B is for informational purposes only and is not reported to the IRS. Clients will be responsible for providing this information when they file their returns.

o As a reminder, closing transactions for identical securities and for orders with the same disposition dates will be combined into fewer transactions.

1099-DIV

- Distributions such as dividends, capital gain distributions, or nontaxable distributions, that were paid on stock and liquidation distributions.

- Only amounts of $10.00 or more for distributions paid on stock, or $600 or more for liquidations are required to be reported on the form.

1099-INT

- All interest income that is not already reported on other forms will be reported here.

- Amounts $10.00 or more are reported in boxes 1, 3 and 8.

1099-MISC

- At least $10.00 in royalty payments, broker payments, in lieu of dividends or at least $600.00 in miscellaneous income.

- Due to the creation of Form 1099-NEC in the 2020-2021 Tax Year, the IRS has revised Form 1099-MISC. Form 1099-MISC, Form 1099-NEC, and their associated instructions have been converted from an annual revision to continuous use. Both the forms and instructions are updated as needed. For the most recent version, go to https://www.irs.gov/pub/irs-pdf/f1099msc.pdf or www.irs.gov/form1099nec.

For IRAs

1099-R

- Used to report distributions of $10.00 or more from retirement or profit-sharing plans, any IRA, insurance contracts, and IRA recharacterizations (including payments reported pursuant to an election described in Regulations section 1.1471-4(d)(5)(i)(B) or reported as described in Regulations section 1.1471-4(d)(2)(iii)(A)).

5498

- Used to report retirement plan contributions (including rollover contributions) to any individual retirement arrangement, including a SEP, SIMPLE, and Roth IRA; Roth conversions; IRA recharacterizations; and the fair market value of the account.

For Foreign Accounts

- Used to report income and withholding from U.S. sources paid to foreign persons (including persons presumed to be foreign) or included in a U.S. payee pool that are reportable under chapters 3 and 4.

- Amounts subject to reporting are amounts from sources within the United States that constitute

o fixed or determinable annual or periodical (FDAP) income (including deposit interest);

o certain gains from the disposal of timber, coal, or domestic iron ore with a retained economic interest; and

o gains relating to contingent payments received from the sale or exchange of patents, copyrights, and similar intangible property

For Puerto Rico Taxpayers

- Used to report certain income received by Puerto Rico taxpayers and Puerto Rico tax withholding.

- Only issued to Puerto Rico residents who earned reportable income and had income subject to Puerto Rico tax withholding.

Additional information regarding these tax forms can be found at https://www.irs.gov/pub/irs-pdf/i1099gi.pdf

For Crypto Activity

If you ever held cryptocurrencies, you may receive an annual account statement for crypto activity of that year.

The crypto U.S. tax reporting documents are estimated to be generated and delivered by January 31. You can view your crypto tax documents on both our website and on the mobile app.

How to Access Your Tax Documents？

You can access your yearly tax form directly from your mobile app:

1. Go to the Help Center.

2. Tap Tax Documents in Quick Access.

You can also access all of your tax documents on the Webull website at https://www.webull.com/edocs.

For Closed Accounts

If you have already deleted your Webull brokerage account but your Webull app account is still active, you can view your tax documents on our website only. You can login to the website portal using your original username and password at https://www.webull.com/edocs.

If you have deleted both your Webull brokerage account and Webull app account, please go to the website portal via identity verification at https://www.webull.com/edocs.

Why didn’t I receive a tax document?

If you did not liquidate any positions and the dividends you received did not exceed $10 last year, then no tax forms will be generated for that year.

For IRA accounts, if you did not make any contribution (deposits) in 2023, there is no 5498 form to be generated. If you did not distribute (withdraw), you will not receive a 1099 R form.

Important Change

As a reminder, please note that Apex’s email domain was updated in August 2021. Customers that have elected e-delivery of their tax forms may notice that the delivering email address has been updated to taxnotification@apexfintechdocuments.com.