AI Overview:

來源: 於 2025-12-30 17:27:57 [博客] [舊帖] [給我悄悄話] 本文已被閱讀：次
When Merrill Edge closes your account and sends a check, you need to 
deposit the check, then expect tax forms (like 1099-B/DIV) in early 2026, and use those forms to report gains/losses/dividends to the IRS/CRA when you file your taxes, potentially needing a tax professional for complex situations, especially if it was a retirement account or you sold investments. 
 
1. Deposit the Check
  • Deposit it: Deposit the check into your personal bank account via mobile app, ATM, or branch.
  • Keep Records: Keep a copy of the check and confirmation of deposit for your records.
 
2. Understand Tax Implications
  • Settled Cash: The check represents settled funds from your investments or account balance.
  • Taxable Events: If you sold investments to get that cash, those sales are taxable events (capital gains/losses).
  • Dividends/Interest: Any interest or dividends earned are also taxable income.
 
3. Dealing with Tax Forms (Early 2026)
  • Form 1099-B (Proceeds from Broker & Barter Exchange Transactions): Shows sales of stocks/funds.
  • Form 1099-DIV (Dividends & Distributions): Shows dividends received.
  • Form 1099-INT (Interest Income): Shows interest earned.
  • Where to Find Them: You'll get these online (through your old Merrill Edge login if accessible) or by mail in January/February 2026. Register for online statements via MyMerrill® or Merrill Edge® websites if you haven't already. 
 
4. How to Handle with Your Tax Agent
  • Provide All Forms: Give your tax preparer all the 1099 forms from Merrill Edge once you receive them.
  • Explain Account Closure: Tell them the account is closed and you received a final check.
  • Ask About Basis: If you don't have cost basis info, your tax agent might need to help figure it out (especially for non-FIFO/specific shares).
  • Professional Help: If you had significant investments, complex sales, or it was an IRA/401(k), consult a tax professional (CPA/EA) to ensure accuracy.
 
5. Next Steps/Contact Merrill