Tax resource center

Tax management information to help you better engage with your clients.

Helpful tax resources

To aid you in year-end client conversations, we’ve compiled information to help your clients make meaningful changes that may optimize the impact of taxes on their portfolios and leverage tax advantages for long-term growth. From important dates to forms and tax-related resources, we have what you need to guide clients before, during, and after tax season.

Below is a list of resources that you may find helpful.

Fidelity mailing to RMD eligible clients

Required minimum distribution (RMD) reminder letters are normally mailed to all eligible IRA RMD account holders in September, and we usually communicate this information in the monthly Client Service newsletter and within our Tax Resource Center. However, after the CARES Act was passed, National Financial Services, LLC. decided not to issue RMD reminder letters in September, but instead issue an informational letter to IRA and retirement account owners who were RMD eligible to inform them RMDs have been waived for 2020, which was mailed to all RMD eligible clients on May 5, 2020.

View our sample letter.

The 2019 IRA contribution and tax filing deadline has been pushed back to July 15, 2020.

2019 tax forms

Know when tax documents will be available online for your clients. All forms are mailed within five business days of the online dates listed.

Tax form	Description	Available online
5498	Contributions and year-end market values for retirement	01/16/2020
1099-R	Distributions from retirement accounts	01/16/2020
592-B	Resident and non-resident withholding tax statement	01/25/2020
1st mailing: 1099-B	Accounts holding Fidelity Funds and securities with no anticipated reclassification	01/25/2020
2nd mailing: 1099-B	Accounts holding Fidelity Funds, non-Fidelity Funds, and securities with income reclassifications to date	02/15/2020
1099: INFO only (corporate)	1099 supplemental information for corporate and eligible exempt accounts	02/15/2020
*1099: Preliminary Tax Statement For 3rd and 4th mailings**	Preliminary tax forms for accounts in 3rd or 4th mailing cycle	02/15/2020
*3rd mailing: 1099-B Primary Brinker Capital mailing**	Brokerage accounts holding Fidelity Funds, non-Fidelity Funds, and securities with income reclassification completed to date	02/29/2020
4th mailing: 1099-B	Brokerage accounts holding Fidelity Funds, non-Fidelity Funds, and securities with income reclassification completed to date	03/06/2020
1042S	Brokerage accounts for non-resident aliens (NRA) which reports all US source income distributions, retirement distributions, and NRA taxes withheld	03/15/2020 (mail only)
5498 (Spring)	Mutual funds and brokerage contributions and year-end market values to capture contributions made from January 1 to April 15 of the current year	05/06/2020

Tax support guide

Tax support guide
Find key dates and resources including a tax calendar, FAQs, and important information. Click here.

Year-end key dates:

Date	Tax season event
December 6, 2019	IRA periodic distribution plans (SWPs) scheduled to be made between December 11, 2019 and December 31, 2019 will be processed on December 6, 2019. Modifications to December payments during this period are strongly discouraged.
December 13, 2019 Requests received after this date will be processed on a best-efforts basis	Deadline to submit requests to ensure 2019 processing: RMD Tax harvesting Gifting Manager and registration change
December 27, 2019	Deadline for one-time distributions via EFT in order to post by December 31, 2019
December 31, 2019	All trades must settle by this date to be available for distributions on December 31, 2019. Failure to allow sufficient time for trade settlement may cause distributions requested for 2019 to occur in 2020.

Tax insights and intelligence

Realized/unrealized gain/loss reports: Reports detailing your client’s year-to-date unrealized and realized tax status are available at BrinkerCapital.com. To view these reports, select the client’s account from the accounts tab and follow these instructions:

Realized gain/loss report
Under the reports drop-down menu, select realized gain loss Select the appropriate registration in either the registration or manager tab Select the year and all months to run the report Export report to Excel

Unrealized gain/loss report
Select the holdings report Export the holdings report to Excel

RMD report: Reminder letters are mailed by Fidelity during the last week of September to all IRA account owners turning 70 ½ in 2019 regardless of whether they fulfilled the 2019 RMD. RMDs must be taken by December 31, 2019 and we recommend that all requests are sent by December 13, 2019.

A comprehensive report is available for all eligible clients and can be accessed by visiting the reports tab from your My Brinker dashboard (see image below).

Tax report downloading
Clients can download tax reports for Quicken, TurboTax, H&R Block, or TaxAct. Click here.

Tax management

Brinker Capital takes steps throughout the year to help your clients manage one of their largest costs. Learn the actions taken by product, including information on tax harvesting.

Tax harvesting

Brinker Capital provides several opportunities to help clients lower their tax bill.
Click the button below to learn more and to access the tax harvesting form.

Please review your clients’ holdings report prior to completion of the form to confirm they benefit from tax harvesting. Clients are not automatically notified of tax harvesting; however, they have access to their tax information on our website. Due to the inefficiency in trading fixed income securities, Brinker Capital does not support year-end harvesting resulting from losses of these holdings. Additionally, investment managers will not sell any position where the unrealized loss amount is less than $1,000 on a specific lot purchased.

Dedicated support

The Brinker Capital client service team is here to answer additional questions, 800.333.4573 and select option 2.