Tax filing FAQ
Quick answers to common tax questions
As tax filing time approaches, you need quick, clear responses to your most pressing tax concerns. Here are a few key questions and answers.
- When will my tax statement be mailed?
- How do I get an additional copy of my tax statement?
- Why didn't I receive a Form 1099-DIV or Form 1099-INT?
- When can I expect to receive a Form 5498? Will I receive multiples of Form 5498?
When will my tax statement be mailed?
Tax statements are mailed at various times through the winter and spring. For specific dates, see tax statement mailing dates.
How do I get an additional copy of my tax statement?
Tax statements are available in the Statements & Documents section of My Financial Accounts . You can also contact your advisor's office. Alternatively, we can mail the statements to your address of record.
Please note that any owner or any person who is authorized to transact business for the account can request that tax statements be mailed. No one else can. For minors, the account custodian can make the request.
To have your statement mailed to you, call Ameriprise Financial at (800) 862-7919. Please note: tax statements can't be sent by fax.
Why didn't I receive a Form 1099-DIV or Form 1099-INT?
If you own a RiverSource®, Threadneedle® or Seligman®mutual fund or Ameriprise® certificate that earned less than $10 in dividends or interest, you will not receive a tax statement from us.
Dividends and interest in a brokerage account follow the same $10 threshold, however many different types of transactions are reported on one composite form. If any reporting is required for a brokerage account, all income — of whatever type — will be reported, even if less than $10.
The IRS does not require us to report to you dividends or interest less than $10.
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When can I expect to receive a Form 5498? Will I receive multiples of Form 5498?
Form 5498 is sent to owners for each Traditional IRA, Roth IRA, SEP IRA (including inherited IRAs) and SIMPLE IRA plan to report contributions, as well as the fair market value on December 31. Form 5498 will also report rollover contributions, conversion amounts and recharacterized contributions. We will also indicate on Form 5498 if you are required to take a required minimum distribution for those at least age 70½.
This form is sent to you in late January. If additional contributions for 2009 are made between January 2010 and April 15, 2010, we will issue an updated Form 5498 to you in May.
Each IRA annuity account is a separate individual retirement plan. All other products (such as brokerage accounts, managed product accounts and certificates) are held within a Custodial IRA plan. Contribution activity, as well as the fair market value on December 31, from a Custodial IRA will report on a single Form 5498 for all the accounts that are held within that plan. If you have multiple plans, you will receive multiple forms, one for each plan. Please note that each IRA annuity will generate a separate Form 5498.
Additional information
For answers to additional tax questions, please call Ameriprise Financial at (800) 862-7919. Customer service representatives are available from 7 a.m. to 6 p.m. Central time Monday through Friday.
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Neither Ameriprise Financial nor its affiliates or representatives offer tax or legal advice. Please consult with your tax advisor or attorney for information on your specific situation.