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 18, 2021 1042-S is released
May 17, 2021 IRS Tax filing deadline for tax year 2020
April 30, 2021 5498-ESA is released
June 30, 2021 5498 is released
Contribution limits


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


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

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

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