Altruist Tax Center

Tax Center

A central source for helping advisors and their clients feel ready and confident for tax season.

Log in to access your tax documents 

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For clients of advisors 

Access your tax forms with ease

Head to Documents in your Altruist Client Portal or Mobile App. Tip: set the filter to Tax Documents to see only your tax forms.

1099-Consolidated tax forms (including 1099-DIV, 1099-B, 1099-INT, 1099-OID, and 1099-MISC) are issued by Altruist in three phases, based on the complexity of your financial portfolio. 

If corrections are needed, scheduled correction runs will begin March 17 and occur bi-weekly as necessary. These corrections may impact your
tax filing and deadlines.

For advisors

Manage retirement contributions and RMDs in one place

Easily track year-to-date contributions, distributions, and projected RMD shortfalls across all your clients from the Retirement Dashboard.

Altruist tax form schedule 

Form

What is it?

Date

Consolidated 1099 (Wave 1)

Simple dividends, interest, sales, and
miscellaneous income.

January 31

Consolidated 1099 (Wave 2)

Amended consolidated 1099 forms and original 1099s for accounts that include more complex holdings like mutual funds and Unit Investment Trusts (UITs)

February 16

Consolidated 1099 (Wave 3)

More complex investments like Real Estate Mortgage Investment Conduits (REMICs) and Widely Held Fixed Investment Trusts (WHFITs). The second round of amended forms and K-1s are also typically sent in this grouping.

March 16

Corrected Consolidated 1099s

Corrected forms may be issued for various reasons, such as reallocations of dividend or interest payments by security issuers, updates to cost basis information, or adjustments due to wash sales. These amendments are marked with the letter “C” on the form.

March 17 – October

480.6 A,B,C,D (Puerto Rico)

Payment of dividends, interest, rent, salaries, wages, premiums, annuities, compensations, remuneration, or other fixed or determinable gains, profits,
and income.

February 28

1099-R

Distributions of $10 or more from: profit-sharing or retirement plans, IRAs, annuities, pensions, insurance contracts, survivor income benefit plans, permanent and total disability payments under life insurance contracts, charitable gift annuities, etc.

January 31

Form 5498

Details IRA contributions, Roth IRA conversions, rollovers, and the fair market value (FMV) of IRA accounts.

May 31

Form 2439

Provide shareholders of a regulated investment company (RIC) or a real estate investment trust (REIT) with the amount of undistributed long-term capital gains.

April 1

Form 592-B (California)

7% California state tax withholding on sales transactions, dividends, and interest.

January – March 15

Schedule K-1/Form 1065 

Distributions from partnership securities and other items being passed through to the partners (holders of the security). The partnership admin should mail the K-1 by March 15th, unless the Partnership filed an extension. Client proceeds from the sale of units will be reported on the 1099-B section of the consolidated 1099.

Altruist does not generate this form but clients may receive from partnership investments.

Important notice for retirement accounts converted from Equity Trust Company to Altruist in 2025

If you have an IRA or Solo 401(k) that transitioned the trustee of record from Equity Trust Company (ETC) to Altruist in 2025, you may receive two sets of tax documents for the same account.

  1. From Equity Trust Company: Covers reportable activity from January 1 through October 31, 2025, when ETC served as trustee of record. These forms will be available on the Altruist Client Portal for download on January 31, 2026.
  2. From Altruist: Covers reportable activity from November 1 through December 31, 2025 when Altruist served as the trustee of record. These forms will be available on the Altruist Client Portal for download on January 31, 2026.

When filing your taxes, include both sets of forms to capture the full year’s activity.

Next Steps

01

Verify your email
address and document delivery method

Verify your email address and document delivery preferences in your Client Portal. 

If you’ve signed up for e-delivery, you’ll receive an email notification when your tax documents are available. This message will come from AltruistFinancialLLC@investordocuments.com

02

Download our Guide (Coming soon)

Tax Forms Essentials for 2025 breaks down the tax forms you may receive from Altruist and how to manage them.

03

Review
FAQs

Find answers to the most common questions about tax season below

Advisor FAQs

What are the options for clients to receive their tax documents and how will they be notified?

Your clients will receive their tax documents either electronically (default) or via U.S. mail, depending on their document delivery preferences. Advisors and clients can view and change their document delivery preferences in the Altruist Portal at any time. An email alert will be sent whenever a new tax document is ready on the Altruist Portal. The email notifications will be delivered by AltruistFinancialLLC@investordocuments.com (please note this is an unmonitored email address, so please do not reply to these notifications as they will go unanswered). Clients with an invalid email address in our system will automatically receive their tax documents via U.S. Mail, based on the mailing address on file for the account. Regardless of the chosen delivery method, all tax documents are accessible through the Altruist Portal at any time. As a best practice, verify the email address on file for the account for accuracy.

How can I update my client’s delivery preferences for tax forms?

Document delivery preferences and account updates, including email and mailing address changes, must be updated for each account. Both you and your clients can update delivery preferences for various documents, including tax forms. As an advisor,

  1. Navigate to “Clients” in the left-hand navigation menu and select “Households”.  
  2. Select a specific Household from the table. 
  3. Select a single account from the household drop-down menu. 
  4. Click on “Details” and scroll down to “Document delivery preferences” and click on “Edit”. 
  5. From there, you can select whether to send documents via eDelivery or Mail.
Will advisors receive tax documents for their clients?

Advisors and clients may retrieve copies of client tax documents by navigating to the Documents tab within a Household. Select an Altruist account (top left dropdown next to household name) and filter by “Tax Document” (above documents table to the right) to view and download.

Altruist is also working on a global document center so that advisors can view, filter and download all tax forms in bulk. Expected January 2026.

How can I view all of my clients’ IRA contributions for the year 2025?

Advisors can easily track all IRA contributions with our Retirement Dashboard feature. This view provides comprehensive details about contribution activities including retirement account name, YTD contributions, tax year maximum, projected differences, and more.

  1. Navigate to “Clients” in the left-hand navigation menu.
  2. Click on “Retirement” to access a firm-wide view of all IRA activity across your client accounts held at Altruist.
  3. The Contributions tab is selected by default when you access the Retirement section.
  4. To view this information presented at a household-view, navigate to the household and scroll down to the “Retirement” section to see IRA activity tailored to that household.
How can I view all of my clients’ IRA distributions for the year 2025?

Advisors can easily track all IRA distributions with our new Retirement Dashboard feature. This view provides comprehensive details about distribution activities including retirement account name, YTD distributions, RMD amounts, projected shortfalls, and more. 

  1. Navigate to “Clients” in the left-hand navigation menu.
  2. Click on “Retirement” to access a firm-wide view of all IRA activity across your client accounts held at Altruist.
  3. The Contributions tab is selected by default when you access the Retirement section. To view distribution activities, select the Distributions tab. 
  4. To view this information presented at a household-view, navigate to the household and scroll down to the “Retirement” section to see IRA activity tailored to that household.

Advisors can also take advantage of Altruist’s new feature to automate their clients’ RMDs for next year on the Retirement Dashboard.

Will I receive a Form 1099 for my Altruist House Account?

For Altruist House Accounts, a Form 1099-INT is issued only if your account earns more than $10 in interest within the year. As Altruist does not handle advisory fees directly, no 1099-MISC form is generated for these transactions. However, you can easily access a detailed report of the fees you’ve received. Here’s how:

  1. After logging into Altruist, navigate to the left-hand side menu. 
  2. Click on “Reports” and then select “Advisory Fee Report.” 
  3. Choose “Executed Invoices” 
  4. Set the desired “Start” and “End” dates to filter the report by invoice execution date. 
  5. Click on “Generate & Download” to obtain the report in a CSV format.

Note: Be sure to exclude any fees related to externally connected custodial accounts for which the external custodian issues a 1099-MISC. The report includes a ‘Custodian’ column to help you identify these accounts. 
For more information on running the Advisory Fee Report, check out our Help Center Article.

How do I calculate all the fees I receive from billing my clients?

You can download and filter your House Account Activity table to view a detailed report of the fees you’ve received year-to-date. Here’s how:

  1. After logging into Altruist, open the menu in the top-right corner.
  2. Click Firm Accounts.
  3. Go to House Account and select the Activity tab.
  4. Click All Transaction Types and select Fees.
  5. Set the time range to YTD.
  6. Click the Download icon.
  7. This will download a report of all fees you have been charged and received year-to-date.

Isolating advisory fees

  • For advisory fees billed via Altruist invoices, filter the Description column to MGMT FEE.
  • If you uploaded CSVs with custom fee descriptions, you will also need to include those custom description values in your filter to capture all advisory fees. To simplify this search, you may consider filtering out fee descriptions that contain the following Altruist Platform fee descriptions: {MMP FEE, TLH TOOL FEE, MF FEE, FI FEE, ALTRUIST ONE}

We are working on updating our Advisory Fee Report to contain the same level of detail as the House Account Activity export to make this workflow easier in the future.

Do non-profit brokerage accounts at Altruist receive a 1099 tax document?

Non-profit organizations are exempt from taxation, and therefore, Altruist does not issue 1099 tax documents for non-profit brokerage accounts. We provide consolidated 1099 forms only to taxable accounts that accrue over $10 in income.

Can Altruist tax documents be imported into TurboTax?

Yes, your clients can easily import all Tax forms into TurboTax using their unique document IDs located at the top of each form.

Does Altruist have an integration with Quicken?

Yes, Quicken has an integration with Altruist through Intuit’s data aggregation service. It currently allows your clients to pull account balances and positions into Quicken with their Altruist login. Transaction history is not supported at the moment but the Altruist team is working with Intuit to improve the integration.

How can an advisor initiate the process to amend a Form 1099?

Advisors should reach out to Altruist Support to initiate an amendment to a Form 1099. The process involves submitting a detailed case that outlines the specific issues identified and the necessary amendments. This can be done by emailing Altruist Support directly at support@altruist.com.

What could be the reasons behind my client receiving an amended or corrected Form 1099?

Clients might receive an amended or corrected Form 1099 for various reasons. These can include reallocations of dividend or interest payments by security issuers, receipt of updated cost basis information, and adjustments due to wash sales, among others. Notably, any amendments to Form 1099 will be marked with the letter “C” to indicate a correction.

Client FAQs

What tax documents should I expect to receive from Altruist?

Like all custodians, Altruist is required by the IRS to report and produce tax documents if your account has reportable activities. Here’s what to expect this year.

1099-Consolidated Forms: These include 1099-DIV, 1099-B, 1099-INT, 1099-OID, and 1099-MISC. Forms will be released in three waves based on the complexity of the account’s financial portfolio:

  • Wave 1: On January 31 
  • Wave 2: On February 16 
  • Wave 3: On March 16

Correction runs: Starting March 17, corrections will be processed bi-weekly as needed. Clients with Mutual Funds, REITs, REMIC securities, or WHFITs may experience income reclassification, which could result in amended forms. This could affect tax filings and deadlines.

If you have an IRA or Solo 401(k) that transitioned the trustee of record from Equity Trust Company (ETC) to Altruist in 2025, you may receive two sets of tax documents for the same account.

  • From Equity Trust Company: Covers reportable activity from January 1 through October 31, 2025, when ETC served as trustee of record. These forms will be available on the Altruist Client Portal for download on January 31, 2026.
  • From Altruist: Covers reportable activity from November 1 through December 31, 2025 when Altruist served as the trustee of record. These forms will be available on the Altruist Client Portal for download on January 31, 2026.

When filing your taxes, include both sets of forms to capture the full year’s activity.

How will I receive my tax documents this year?

You will receive your tax documents either electronically (default) or via U.S. mail, depending on your document delivery preferences. You and your advisor can view and change your document delivery preferences in the Altruist Portal at any time. An email alert will be sent whenever a new tax document is ready on the Altruist Portal. The email sender will be AltruistFinancialLLC@investordocuments.com. If you have an invalid email address in our system, you will automatically receive your tax documents via the U.S. Mail, based on the mailing address on file for the account.

How do I access my tax documents online?

You can easily access all your tax documents on the Altruist Client Portal by following these steps:

  1. Log in to your Altruist Client Portal.
  2. Click on your initials in the top right corner to open a menu drawer.
  3. In the drawer menu, select ‘Documents’.
  4. You will find a Documents table which can be filtered by account name, account type, or time period to help you find what you need more efficiently.
How do I update my email address?

You can update the email address on file by following these instructions for each account: 

  1. Log in to your Altruist account and navigate to your “Accounts” page under Settings
  2. Select an account from the list on the left, then scroll down to “Email” under Account Contact Details.
  3. Update your email address, then click “Save”
Who should I contact if I have a question or encounter an issue with my tax documents?

For questions related to understanding your tax documents, we advise consulting with your tax advisor. If you need updates or changes to the tax documents you received, please reach out directly to your advisor to request these modifications. 

What could be the reason for not receiving a tax document?

There are a few reasons why you might not have received a tax document:

  1. You didn’t have any reportable activity during the year, or your investment activity didn’t meet the minimum reporting threshold of $10. This can occur if you only made purchases without any sell transactions, or if you didn’t receive any dividends or interest payments.
  2. If you have retirement accounts but have not taken any distributions, you wouldn’t receive certain forms. For retirement accounts, Form 5498 is issued for contributions (including rollovers) to any IRA, while Form 1099-R is for distributions from qualified retirement plans like individual 401(k)s, profit-sharing, and money-purchase plans, or any IRAs, including recharacterizations.
Why did I receive a Corrected 1099, and what should I do with it?

A Corrected Form 1099 can be issued for various reasons, such as reallocations of dividend or interest payments by security issuers, updates in cost basis information, or adjustments due to wash sales, among others. These amendments are marked with the letter “C” on the form. If you’ve already filed your taxes, it’s advisable to consult with your tax professional about the corrected document to see if an amended tax return is needed. If you haven’t filed your taxes yet, make sure to use this most recent corrected version for filing your return.

When is the 2025 IRA contribution deadline?

You have until April 15, 2026, to contribute to your traditional or Roth IRA and have it count as a 2025 contribution. If you prefer to mail a check for your IRA contribution, it must be postmarked by April 15, 2026, and designated as a 2025 contribution to be accepted for the prior tax year.

What address do I mail my retirement contributions to for my accounts at Altruist?

First, check with your advisor on the best way to add money to your accounts on Altruist. If you agree sending a check is the best method, please make sure your check deposits are made payable to Altruist Financial LLC. PO Box Mailing Address:

Altruist Financial LLC
PO Box Mailing Address:
Altruist Financial LLC
PO Box 219069
Kansas City, MO 64121-9069

Overnight Delivery Address:
Altruist Financial LLC
801 Pennsylvania Ave, Suite 219069
Kansas City, MO 64105-1307

Checks for deposit must include your Altruist 8-digit account number and account holder’s name in the memo field on the check. Please also remember to note the contribution year on your check. 

As a best practice, we recommend sending your check via certified mail to guarantee tracking and delivery.

Is it possible to import Altruist tax documents into TurboTax?

You can import all Tax forms into TurboTax using their provided document IDs located at the top of each form. 

Can you explain what Form 5498 is and why it’s delivered in May?

Form 5498 is an informational tax document only, and is used to report various activities related to retirement accounts. This includes contributions, Roth IRA conversions, rollovers, and the Fair Market Value (FMV) of IRA accounts on 12/31. The reason it is delivered in May is because taxpayers are allowed to contribute to their retirement accounts up until the tax filing deadline, necessitating a later issuance to accurately reflect all contributions and activities.



Tax laws and regulations are complex and subject to change, which can materially impact investment results. Neither Altruist nor its affiliates provide tax or legal advice or discretionary management of customer accounts. Customers are encouraged to consult their attorney, tax professional and/or investment advisor regarding their individual circumstance.