In observance of Martin Luther King, Jr. Day the securities exchanges and Firstrade are closed on Monday, January 18, 2021. Thank you for your business.

Tax Center

Taxation Overview

Buying and selling securities may be simple, but it takes time and research to understand how to report your transactions for tax purposes and how to factor potential tax liabilities into your investment strategy. Discover Firstrade's tax resources today!

Statements and Forms

Need help reading your Firstrade statements? You'll find everything you need here, along with mailing date information and links to your tax forms.

Tax Topics

Learn the basics about various tax situations and filing requirements.
Important Dates
Date Event
February 1, 2021 Forms 1099R and 1099Q are released
February 16, 2021 Consolidated 1099 is released
March 15, 2021 1042-S is released
April 15, 2021 IRS Tax filing deadline for tax year 2020
April 30, 2021 5498-ESA is released
June 1, 2021 5498 is released
Contribution limits

2021

Below 50 yrs. old:   $6,000
50 yrs. and older:   $7,000

2020

Below 50 yrs. old:   $6,000
50 yrs. and older:   $7,000

For more details, please visit the IRS website regarding contribution limits.

Calculate how much you can save for retirement.
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Save Up To $15 on TurboTax® with a Firstrade discount. You can import account information into the software directly.

Firstrade Tax Tools Provided by GainsKeeper
Automate your account's tax reporting. Track capital gains, cost basis, losses and wash sales while generating IRS forms.