Important Tax Form Availability

• Some of your 2023 tax forms may be ready. These documents are typically available by late January or early February.

Ways to Prepare

View the Standard Tax Forms Schedule

• See when all your 2023 tax forms will be available.

Year-End Distributions by ADHY Investments Mutual Funds

• Get year-end distributions for the ADHY Investments mutual funds you held this year.

View Your YTD Tax Activity

• View transactions from the start of the year to the current date that may have created a tax impact.

Prepare for Your Company Crypto Plan Taxes

• The Crypto Plan Resource Center contains tax filing guides and tips on how to avoid overpaying.

Your Questions Answered

Is crypto subject to capital gains taxes?

• The IRS currently considers cryptocurrencies as “property,” similar to traditional investments like crypto. Selling at a profit triggers capital gains tax, while selling at a loss may allow deductions. Learn more in our crypto tax guide.

What is taxable income?

• Taxable income includes wages from a job or freelance work, as well as:
• Interest income (from savings accounts or bonds)
• Dividend income
• Investment income (short-term and long-term capital gains)
• Rental income from property
• Capital gains on the sale of a home (with applicable exemptions)
• Unemployment benefits
• Severance pay
• Lottery and gambling winnings
• Alimony (for agreements before 2019)
• Jury duty payments
• Pension payments (with exceptions)
• Social Security benefits (with exceptions for lower-income seniors)
• Traditional retirement plan withdrawals
• Settled debts (with exceptions for bankruptcy filings)

What is tax-loss harvesting?

• Tax-loss harvesting involves selling investments that are down, replacing them with similar investments, and offsetting realized investment gains with those losses. This can reduce your tax burden and keep more money invested.

Are ETFs subject to capital gains taxes?

• Selling an ETF at a profit triggers capital gains tax. The long-term capital gains tax rate depends on the investor’s modified adjusted gross income (AGI) and taxable income.

Are ETFs tax-efficient?

• ETFs generally generate fewer taxable capital gains compared to traditional mutual funds because they do not frequently buy and sell underlying assets and do not need to sell assets to meet redemptions.

What are the tax implications for married couples filing taxes jointly?

• Married couples filing jointly can benefit from tax savings, especially those in the middle of the income spectrum.

Is municipal bond income subject to state and local taxes?

• Income from tax-exempt municipal bonds is exempt from federal income taxes and, if you live in the issuing state, from state and local taxes as well. Taxable municipal bonds are subject to federal, state, and local taxes.

What are the tax advantages of a Roth IRA?

• Roth IRAs offer tax advantages since contributions are made after taxes. You can withdraw contributions tax-free and penalty-free at any time. After age 59½, you may withdraw earnings tax-free.