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Folio and 1099s
Since those that have left Folio for another broker, we are
not able to access their site. Will they mail 1099's?
Marty Eckerle
If your account at Folio generated enough dividends or interest ($10), or you sold any securities during 2020, they are required to issue a 1099. Similarly, if your new brokerage account generates $10 in interest or dividends or shows any sales, the new broker will also issue a 1099.

Ira Smilovitz, EA

On Sun, Dec 6, 2020 at 6:53 PM Martin J. Eckerle via bivio.com <user*12801300001@bivio.com> wrote:
Since those that have left Folio for another broker, we are
not able to access their site. Will they mail 1099's?
Marty Eckerle

Thanks, Ira.

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of ira smilovitz via bivio.com
Sent: Monday, December 7, 2020 12:58 AM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Folio and 1099s

If your account at Folio generated enough dividends or interest ($10), or you sold any securities during 2020, they are required to issue a 1099. Similarly, if your new brokerage account generates $10 in interest or dividends or shows any sales, the new broker will also issue a 1099.

Ira Smilovitz, EA

On Sun, Dec 6, 2020 at 6:53 PM Martin J. Eckerle via bivio.com <user*12801300001@bivio.com> wrote:

Since those that have left Folio for another broker, we are
not able to access their site. Will they mail 1099's?
Marty Eckerle

I contacted Folio and was told that even though we had closed our account that we "should" still have access to review statements and tax records. They said we will get an email notification when our tax statement is available for download.

Note that Folio has traditionally taken much longer than other brokers to provide 1099's.

Laurie Frederiksen
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On Mon, Dec 7, 2020 at 9:56 AM Martin J. Eckerle via bivio.com <user*12801300001@bivio.com> wrote:

Thanks, Ira.

From: club_cafe@bivio.com <club_cafe@bivio.com> On Behalf Of ira smilovitz via bivio.com
Sent: Monday, December 7, 2020 12:58 AM
To: club_cafe@bivio.com
Subject: Re: [club_cafe] Folio and 1099s

If your account at Folio generated enough dividends or interest ($10), or you sold any securities during 2020, they are required to issue a 1099. Similarly, if your new brokerage account generates $10 in interest or dividends or shows any sales, the new broker will also issue a 1099.

Ira Smilovitz, EA

On Sun, Dec 6, 2020 at 6:53 PM Martin J. Eckerle via bivio.com <user*12801300001@bivio.com> wrote:

Since those that have left Folio for another broker, we are
not able to access their site. Will they mail 1099's?
Marty Eckerle