we're retired. we live on social security and IRAs from my 401K and the sale of our homes. we have a financial advisor. our financial advisor has a financial advisor. Fidelity handles the transactions.
the reason that we can't complete our 2022 tax return is that we don't know what our income for 2022 was. we don't have Fidelity's 1099.
so, what else is new? this has become an annual problem. Fidelity's excuse is: "We're waiting for final tax information from DFA GLOBAL REAL ESTATE SEC PORTFOLIO (DFGEX)".
GREAT!!! we're coming up on just one month left before the IRS's deadline! and we don't even know what our income for 2022 was!!! it's the FIRST STEP in a process that involves multiple forms, instructions, worksheets, calculations, checking, completing the forms for submittal, final check, and mailing. WTH!!!
so, who's to blame? Fidelity? our financial advisor? our financial advisor's financial advisor? the IRS (that doesn't enforce their rule that taxpayers must receive their 1099s by January 31)?
I don't know who's to blame. all I know is that I'm NOT to blame!!!
now I know how Dorothy felt: https://youtu.be/YWyCCJ6B2WE
attribution: Joshua Doubek, CC BY-SA 3.0 <https://creativecommons.org/licenses/by-sa/3.0>, via Wikimedia Commons
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