What tax documents does AET provide?

At American Estate & Trust (AET), we prioritize ensuring that all necessary tax documents are provided for your Self-Directed IRA (SDIRA). Here’s an overview of the tax-related documents AET provides to help with your reporting and compliance:

1. Form 1099-R (IRA Distributions)

Form 1099-R is issued by AET for IRA distributions. If you take a distribution from your Self-Directed IRA during the year, this form reports the amount distributed, along with any taxes that were withheld. This form is sent by AET by January 31st of the year following the distribution. Be sure to keep this form for your tax filing.

2. Form 5498 (IRA Contributions and FMV)

Form 5498 reports contributions made to your Self-Directed IRA, including regular, rollover, Roth, and conversion contributions. Additionally, this form includes the Fair Market Value (FMV) of your IRA as of December 31st, which is essential for reporting your IRA’s value to the IRS. This form is sent by AET by May 31st of the following year, as contributions can be made until the tax filing deadline (typically April 15).

Accessing Your Tax Documents

All available tax documents, including the 1099-R and 5498, can be accessed through the AET Online Portal. You will be notified when these documents are available, and they can be downloaded directly from your account.

Tax Documentation for 401(k) Accounts

It is important to note that AET does not generate tax documents for 401(k) accounts. 

Conclusion

AET provides the necessary 1099-R and 5498 forms for Self-Directed IRAs to help you with your tax filings. These forms ensure that you are in compliance with IRS regulations. However, AET does not issue tax documents for 401(k) accounts. If you have any questions about your tax documents, please feel free to contact AET’s support team for further assistance.