Below is a detailed overview of the tax forms you may receive, when to expect them, and what to do with each one.

Form 1099 (Issued by Schwab)

  • Who receives a 1099?
    • You will receive a Form 1099 if you had a non-qualified (taxable) brokerage account at Schwab during 2025.

What the 1099 includes

  • Most clients receive a consolidated 1099, which may include:
    • Dividends
    • Interest
    • Capital gains
    • Investment sales or redemptions

When 1099s are released

  • Schwab releases 1099s in three waves, beginning the last week of January and continuing through the end of February.
  • We do not know which wave your account will be in, but all 1099s are available no later than the fourth week of February.

How you will receive your 1099

  • Your delivery method depends on your Schwab settings:
    • Paper copy mailed to the address on file, or
    • Electronic delivery through Schwab Alliance

You can check or update your preferences by logging into Schwab Alliance and selecting:

  • Statements & Tax Forms → Update Paperless Preferences
  • Your advisor or our staff is happy to help you confirm or update these settings.

Form 1099-R (Retirement Account Distributions)

Who receives a 1099-R?

  • You will only receive a 1099-R if you took distributions from a retirement account during 2025, such as:
    • Traditional IRA
    • Roth IRA
    • SEP or SIMPLE IRA

If you did NOT take money out of a retirement account, you will NOT receive a 1099-R.

Schedule K-1 (Dividend 30 Portfolio)

K-1s typically generate the most questions, so please review this section carefully.

Why you may receive a K-1

  • If you were invested in our Dividend 30 portfolio during 2025, you may receive Schedule K-1s from:
    • Enterprise Products Partners
    • Energy Transfer
  • These companies are structured as master limited partnerships (MLPs). MLPs do not issue 1099s. Instead, they issue Schedule K-1s (IRS Form 1065).

Separate K-1s by account type

  • You will receive separate K-1s for each account type, meaning:
    • One K-1 package for taxable (non-qualified) accounts
    • A separate K-1 package for qualified accounts, such as IRAs

Important K-1 Guidance

What goes to your tax preparer

  • Only K-1s from non-qualified (taxable) accounts need to be provided to your tax preparer.

What does NOT go to your tax preparer

  • K-1s for qualified accounts, such as IRAs, do not need to be filed with your tax return. These can simply be saved with your records.
  • This is one of the most common areas of confusion, and we want to make this very clear.

When K-1s Are Available

  • K-1s are not issued by Schwab. They are sent directly by the underlying companies.
  • Tentative release dates:
    • Enterprise Products Partners: February 27, 2026
    • Energy Transfer: March 13, 2026
  • Paper copies will be mailed directly to you.

Accessing K-1s Online (Optional)

If you prefer to access your K-1s online as soon as they are available, you may register for free at: TaxPackageSupport.com

Please note:

  • This is a third-party website
  • It is not owned or operated by Insight Folios
  • We cannot provide technical support for this site

As Paul mentioned in the video, if you have any questions, please feel free to reach out.