2025 Tax Forms – FAQs

IRA Distributions, Thrivent Mutual Funds, Annuities, and Life Insurance
Tax forms for these accounts, including Thrivent and third-party providers, are generally available before January 31.

Fidelity 1099-R tax forms should be available online by January 16.

Taxable Brokerage Accounts
Forms begin issuing in late January but may take until mid-March. Fidelity and NFS release these forms in waves:

• End of January
• Mid-February
• Late February
• Early March

Fidelity provides an estimate for when the tax form for your taxable brokerage account will be ready.

• Most investors will see forms online by February 21
• If you elected mail delivery, most forms will be mailed by March 1
• To check your estimate:
  • Log in at Fidelity.com
  • Navigate to Tax Forms
  • Click View tax form schedule → View your schedule

Important Reminder about Form 5498
Since 2025, carriers no longer issue Form 5498 (which reports IRA contributions—including Roth IRAs, SEP IRAs—and rollover contributions) in January.

Instead, Form 5498 will now be issued in mid-May, after the tax filing deadline.

This change helps reduce corrected forms because investors can make prior-year IRA contributions up until Tax Day. Historically, issuing the form in January often led to changes after contributions were added.

What this means for you:
If you made IRA or Roth IRA contributions or completed a rollover in 2024, you will need to report those transactions when filing your taxes before April, even though Form 5498 will not be available until May.

• Fidelity – Tax Form Instructions

• Thrivent Annuity & Life Insurance – Tax Form Instructions

• Thrivent Mutual Funds – Tax Form Instructions

Gold and silver ETFs that hold physical metals (e.g., IAU, IAUM, SIVR) are treated as collectibles under U.S. tax law:

• Long-term gains (held >1 year): taxed at 28% max rate (vs. 15–20% for other investments)
• Short-term gains: (held for <1 year): taxed at ordinary income rates
  Important: This collectibles tax treatment will not be flagged on your 1099. You or your tax preparer must apply the correct 28% collectibles rate for long-term gains.

• IRS allows mailing of certain tax forms as late as Feb. 15 under the Emergency Economic Stabilization Act of 2008.
• Fidelity/NFS often request extensions beyond Feb. 15 for accounts holding complex securities to reduce corrected forms.
  • Note: Most accounts do not contain these complex securities. Log in at Fidelity.com to find your estimated date.
• Consolidated 1099s for taxable brokerage accounts (often referred to as “non-qualified” or “brokerage” or “non-IRA brokerage” accounts) may take longer because each fund reports data separately.

• 1099-R: Reports distributions you receive from retirement plans, IRAs (including traditional, rollover, Roth, SIMPLE, SEP and inherited IRAs), pensions, profit-sharing plans, annuities, and insurance contracts. Distributions that are part of a rollover from one plan to another, and IRA recharacterizations are also included.
• 5498: reports contributions to an IRA account, including rollover, recharacterization, and conversions from another IRA or other retirement plan.
• Consolidated 1099: Reports various forms of income, like dividends, interest, and capital gains for taxable brokerage accounts. Including:
  • 1099-DIV – Dividend income
  • 1099-INT – Interest income
  • 1099-B – Capital gains

• Taxable or reportable transactions
• For IRAs:
  • Distributions (including QCDs – see below)
  • Rollovers (reportable, not taxable. A 1099-R showing the distribution can be offset by a 5498 showing the rollover deposit.)
• For taxable brokerage accounts: (Note: Generally, all taxable (non-IRA) brokerage accounts will receive a consolidated 1099 tax form)
  • Dividend income
  • Interest income
  • Capital gains

Even if funds were sent directly to charity, you will receive a 1099-R. Providers cannot verify charitable eligibility—they report gross distributions. Use receipts and consult your tax professional.

• 1099-R for the initial distribution
• 5498 for the indirect rollover

Work with your tax professional for proper reporting.

• Schedule personalized assistance with a team member to verify you have all your tax forms.
• Before the meeting, gather all issued forms using the resources above.
• During your session, you’ll meet 1-on-1 with a Parable team member who will help review and confirm that you have all your 2025 tax forms collected.