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For questions about brokerage firms, opening a brokerage account, etc. Questions asking for specific service recommendations are off-topic.

5 votes
Accepted

Why might a brokerage firm stop offering a particular ETF commission free?

Forbes has an article investigating this. Here are the key parts: On line at the bottom of the list of funds there is an entire screen of grey-faded micro print which includes this telling discl …
Craig W's user avatar
  • 16.2k
4 votes
Accepted

Vanguard legacy mutual fund account held shares of the same fund that's used for brokerage s...

I've encountered this before. It's better to sell VMFXX and get it converted into the settlement fund, because that can be withdrawn immediately, whereas a mutual fund holding (even if it's the same a …
Craig W's user avatar
  • 16.2k
37 votes
Accepted

Why do 1099 forms take so long for brokerages to prepare and send out?

There are probably many correct answers to this question, but for most people, the main reason is qualified dividends. To be a qualified dividend (and therefore eligible for lower tax rates), the divi …
Craig W's user avatar
  • 16.2k
1 vote

When you transfer stock from one broker to another, is cost basis sent to the new broker?

Just my experience, but I have had cost basis information transferred between two completely different brokers a couple times. After I sold some of those investments, the cost basis was reported to me …
Craig W's user avatar
  • 16.2k
6 votes

If a broker in the US does not provide Form 1099 by its due date (January 31), what penalty ...

It looks like because it's a consolidated Form 1099 (including 1099-B information), they get the February 15 (February 16 this year) deadline instead of January 31 (February 1 this year). From the IRS …
Craig W's user avatar
  • 16.2k