It's tax season (or at least, it's getting close to when tax documents become available!), and if you have investments with Morgan Stanley, getting your 1099 forms for the 2024 tax year is a crucial step for filing your taxes accurately. These forms report various types of income you received from your investments, such as dividends, interest, and proceeds from stock sales.
This comprehensive guide will walk you through exactly how to get your Morgan Stanley 1099 for 2024, step by step, with tips and FAQs to ensure a smooth process.
How to Get Your Morgan Stanley 1099 for 2024: A Step-by-Step Guide
Let's dive right into making sure you get those essential tax documents!
Step 1: Determine If You Even Need a 1099 from Morgan Stanley
First things first: Do you actually need a 1099? Not everyone with a Morgan Stanley account will receive one. This is an important initial check to save you time and potential frustration.
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Why you might NOT get a 1099:
- If the income generated in your account was below the IRS reporting thresholds (e.g., less than $10 in interest or dividends), Morgan Stanley is generally not required to issue a 1099 for that specific type of income. However, they may provide a "de minimis letter" online.
- If your account is solely for retirement contributions (like an IRA that hasn't had distributions), you might receive a 5498 form (reporting contributions) rather than a 1099 (reporting distributions/income).
- If you primarily have ETRADE accounts, you might receive separate tax statements from ETRADE, even though E*TRADE is now part of Morgan Stanley. Ensure you check both platforms if applicable.
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Why you LIKELY will get a 1099:
- You received dividends or interest income from your investments.
- You sold stocks, bonds, mutual funds, or other securities.
- You received distributions from certain retirement accounts (like a 1099-R).
Engage with me: Before we proceed, quickly think: Do any of the "might not get one" scenarios apply to you? If so, you might still want to follow the steps to confirm, or you might find a different relevant tax form instead!
Tip: Pause if your attention drifts.
Step 2: Understand the Release Schedule for 2024 1099 Forms
Morgan Stanley, like other financial institutions, typically releases 1099 forms in waves. This is because they need to finalize all income classifications and data from various sources, especially for complex securities.
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Estimated Availability Dates for 2024 1099s:
- Early Wave (Late January 2025): Accounts that do not have income from certain complex securities (like Mutual Funds, Unit Investment Trusts, or Mortgage-Backed Securities) where income classification is still pending.
- Mid Wave (Mid-to-Late February 2025): Accounts where information has been finalized, including those with income from Mutual Funds, Unit Investment Trusts, or Mortgage-Backed Securities.
- Late Wave (Early March 2025): Accounts that were excluded from prior mailings because their information had not been finalized, often those with Unit Investment Trusts and Mortgage-Backed Securities.
- Corrected 1099s: It's possible to receive a corrected 1099 if an issuer sends revised tax information after the initial mailings. This can happen anytime, so do not file your taxes immediately if you know you have complex holdings, or if it's still early in the tax season.
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Key Insight: Morgan Stanley aims to minimize corrections, so some forms might be held until a later mailing group if information is still under review. Patience is a virtue when it comes to waiting for these documents!
Step 3: Accessing Your 1099 Forms Online (The Easiest Method)
The most efficient and secure way to get your 2024 Morgan Stanley 1099 is through their online portal, Morgan Stanley Online (MSO), or the Morgan Stanley Mobile App. This is highly recommended as it provides instant access as soon as the forms are available.
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Sub-heading: If you are enrolled in eDelivery (Paperless):
- If you've previously opted for eDelivery, you will receive an email notification when your 2024 tax forms are available online. This is often the quickest way to know your documents are ready.
- You can then proceed to log in as described below.
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Sub-heading: If you are NOT enrolled in eDelivery (and want to be):
- It's highly advisable to enroll in eDelivery for future tax seasons. It's more secure, convenient, and environmentally friendly.
- To enroll via Morgan Stanley Online (MSO):
- Log in to Morgan Stanley Online.
- Navigate to the Services tab on the homepage.
- Select eDelivery.
- On the eDelivery Preferences screen, you can choose to apply eDelivery to all accounts or select individual accounts from a drop-down menu.
- In the document section, select the checkbox next to "Tax Documents" (and any other documents you wish to receive electronically).
- Click Update.
- To enroll via Morgan Stanley Mobile App:
- From the Home Screen, tap the menu icon.
- Select Profile + Settings.
- Under Communication Settings, choose eDelivery Preferences.
- Similar to the online process, select the accounts and document types (including Tax Documents) you wish to enroll.
- Tap Update.
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Sub-heading: Steps to Download Your 1099 from Morgan Stanley Online (MSO):
- Open your web browser and go to the official Morgan Stanley Online login page. Always double-check the URL to ensure it's legitimate to avoid phishing scams.
- Enter your User ID and Password to log in.
- Once logged in, look for the "Accounts" tab in the main navigation. Click on it.
- Within the Accounts section, you should see a "Documents" tab. Click this.
- You may see a drop-down menu or section titled "Statements". Look for an option specifically for "Tax Documents" or a similar label.
- Select the tax year 2024.
- You should now see a list of available tax documents, including your Form 1099 (it might be a "Consolidated Tax Statement" which includes various 1099 types like 1099-DIV, 1099-INT, 1099-B, etc.).
- Click on the desired 1099 form to view or download it. It will typically be in PDF format.
- Save the PDF to a secure location on your computer or device. It's also a good idea to print a physical copy for your records, especially if you prefer paper.
Step 4: Receiving Your 1099 Forms by Mail
If you have not opted for eDelivery, or if your eDelivery preferences were not set up correctly, Morgan Stanley will mail your 2024 1099 forms to the address on file.
- Mailing Dates: As mentioned in Step 2, the mailing of 1099 forms also follows a phased approach, generally correlating with the online availability dates. Expect mailings to begin in late January and continue through March 2025.
- What to do if you don't receive it by mail: If it's well past the estimated mailing dates (e.g., late March or early April) and you haven't received your forms by mail and you cannot access them online, proceed to Step 5.
Step 5: Contacting Morgan Stanley for Assistance
If you've followed the above steps and still can't locate your 2024 Morgan Stanley 1099, it's time to reach out to them directly.
Tip: Reflect on what you just read.
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Sub-heading: Contacting Your Financial Advisor:
- Your dedicated Morgan Stanley Financial Advisor or Private Wealth Advisor is your primary point of contact for account-specific questions and requests. They can often provide direct assistance in accessing your tax documents or confirm their mailing status.
- Locate their contact information on your statements or previous correspondence.
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Sub-heading: Contacting Morgan Stanley Client Service:
- If you don't have a specific advisor or need general assistance, you can contact Morgan Stanley's client service line.
- For assistance with Morgan Stanley accounts (general wealth management):
- Toll-free: 1 (888) 454-3965
- Outside the U.S.: +1 (801) 902-6997
- Hours: Monday to Friday, 8:00 a.m. to 7:00 p.m. ET.
- For Stock Plan Participants (e.g., from an employer's stock plan): If your account is accessed via Shareworks.solium.com or StockPlanConnect.com, look for their specific FAQs and contact information on those respective websites, or call the dedicated numbers provided for those programs.
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Be Prepared: When you call, have your account number(s) and relevant personal identification information ready to expedite the process. Clearly explain that you are looking for your 2024 Form 1099.
Step 6: Reviewing Your 1099 Form
Once you have your 1099, don't just file it away! Take a moment to review it carefully.
- Check for accuracy:
- Ensure your name and address are correct.
- Verify your Social Security Number (SSN) or Taxpayer Identification Number (TIN).
- Cross-reference the reported income amounts (dividends, interest, proceeds from sales) with your own records or statements from Morgan Stanley.
- Understand different 1099 types: Your "Consolidated Tax Statement" might include:
- Form 1099-DIV: For dividends and distributions.
- Form 1099-INT: For interest income.
- Form 1099-B: For proceeds from broker and barter exchange transactions (stock sales, etc.). This is often the most complex, reporting cost basis and gain/loss information.
- Form 1099-MISC/NEC: For miscellaneous income or non-employee compensation, though less common for typical investment accounts.
- Form 1099-R: For distributions from retirement accounts.
- Corrected Forms: As mentioned, sometimes corrected forms are issued. If you receive one after you've already filed, you may need to file an amended return (Form 1040-X).
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| How To Get Morgan Stanley 1099 For 2024 |
10 Related FAQ Questions
Here are some frequently asked questions about getting your Morgan Stanley 1099 and their quick answers:
How to determine if I will receive a 1099 from Morgan Stanley?
You will generally receive a 1099 if your account generated over $10 in interest or dividends, or if you sold any securities during the 2024 tax year. If income was below IRS thresholds, you may not receive one.
How to enroll in eDelivery for Morgan Stanley tax documents?
Log in to Morgan Stanley Online (MSO), go to the "Services" tab, select "eDelivery," and then check the box for "Tax Documents" under your preferred accounts. You can also do this via the Morgan Stanley Mobile App under Profile & Settings.
Tip: Absorb, don’t just glance.
How to know if my Morgan Stanley 1099 for 2024 is ready online?
If you're enrolled in eDelivery, you'll receive an email notification. Otherwise, you'll need to log into Morgan Stanley Online and check the "Documents" or "Tax Documents" section regularly starting in late January 2025.
How to download my 2024 Morgan Stanley 1099 from Morgan Stanley Online?
Log in to MSO, go to "Accounts," then "Documents," and look for "Tax Documents." Select "2024" as the tax year and click to download the PDF.
How to get a physical copy of my Morgan Stanley 1099 if I receive it electronically?
You can print the PDF version you download from Morgan Stanley Online. If you prefer, you can also contact your financial advisor or client service to request a mailed copy, though this may take additional time.
How to correct an error on my Morgan Stanley 1099?
If you believe there's an error on your 1099, immediately contact your Morgan Stanley Financial Advisor or Client Service. Provide them with details of the discrepancy and any supporting documentation you have.
QuickTip: Pause when something feels important.
How to get tax forms for my E*TRADE from Morgan Stanley account?
ETRADE accounts typically have separate tax documents. Log in to
How to get a 1099-R from Morgan Stanley for retirement distributions?
Form 1099-R for retirement distributions will also be available through Morgan Stanley Online in the "Tax Documents" section, generally following a similar release schedule as other 1099s (often earlier in January).
How to find out if a corrected 1099 is expected for my account?
Morgan Stanley will usually notify you if a corrected 1099 is being issued, especially if you're enrolled in eDelivery. If you have complex investments, it's always wise to wait a bit longer to file or confirm with your advisor.
How to contact Morgan Stanley customer service for tax document questions?
You can contact Morgan Stanley Client Service at 1 (888) 454-3965 (toll-free) or +1 (801) 902-6997 (outside the U.S.). For stock plan accounts, use the contact information provided on your specific stock plan platform.
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