PLEASE REVIEW 2024 FORM 1099 NOT ISSUED FOR YOUR ACCOUNT
We value you as a client and are committed to providing you with important information related to your account(s).
What you need to know:
According to IRS regulations, broker-dealers are not required to issue a Form 1099 for accounts that have not met certain minimum income thresholds. The above-noted account(s) did not meet the minimum reporting threshold for the 2024 tax year and therefore will not receive a 2024 Form 1099.
Additional information:
The minimum reporting thresholds for Form 1099 that Morgan Stanley includes in its Form 1099 Consolidated Tax Statement are below:
NAME MINIMUM REPORTING THRESHOLD
Form 1099-B No minimum (sale of any reportable security amount will generate a Form 1099-B)
Form 1099-INT At least $10.00
Form 1099-OID At least $10.00
Form 1099-DIV At least $10.00 for all non-liquidation distributions, at least $600.00 for liquidation distributions (boxes 9 and 10)
Form 1099-MISC At least $10.00 for Royalties (box 2) or Substitute Payments in Lieu of Dividends or Tax-Exempt Interest (box 8); or at least $600.00 for all other boxes
​​​​​​​Please note: These broker-dealer minimum reporting thresholds are distinct from taxpayer reporting requirements. Amounts not reported on Form 1099 may still need to be reported on your tax return. Thank you for the opportunity to serve your financial needs.