The 1099 Value Add is designed to help clients understand which tax forms they should expect, why they’re receiving them, and what data was used to generate the report.
This article walks through every section of the 1099 Value Add, explains where each value comes from, and outlines what is automatic vs. customizable.
What Is the 1099 Value Add?
The 1099 Value Add is a client-facing summary that:
Lists applicable accounts for tax reporting
Shows which tax forms may be issued (1099, 1099-R, etc.)
Highlights estimated tax payments made during the year
Provides helpful tax-season reminders and firm-specific messaging
It is generated automatically using household, account, and transaction data, with optional firm-level customization.
1. Header & Branding
Logo
Pulled from your firm’s saved company logo
Editable under Settings → Firm Settings
If no logo is saved, the report displays without one
Branding Color
Uses your firm’s branding color
Default color is a dark navy
Controls header backgrounds and accent elements
Report Title
Default title: “1099 Report”
Can be customized at the firm level
Can be customized under Settings → Value Adds → 1099
2. Reported “As-Of” Date
The Reported As-Of Date reflects the most recent valuation date found across all household accounts.
How it’s determined
The system scans all accounts in the household
It checks multiple possible “as-of” date fields, including aggregator data
The latest valid date found is used
If no dates exist, today’s date is used as a fallback
Display format
MM/DD/YYYY (U.S. format)
This date is fully automatic and cannot be manually edited. To change this date, you would have to update the 'as of date' field on every account within that household.
3. Tax Year
The tax year controls which year’s data appears in the report.
Auto Mode (default)
Uses an April 15 cutoff
Before April 15 → previous tax year
On or after April 15 → current tax year
Example
January 7, 2026 → Tax Year = 2025
April 20, 2026 → Tax Year = 2026
Manual Mode
Firm can explicitly set the tax year
Overrides automatic logic
Editable under Settings → Value Adds → 1099 Settings
4. Client & Advisor Information
Client Name Line
Pulled from all clients linked to the household
Displayed as:
First Name Last Name (Age)Multiple clients are comma-separated
Advisor Line (Appears in Footer)
Displays assigned lead advisor(s)
If none are assigned, the disclaimer will clearly note:
“NO ADVISORS ASSIGNED”
5. Intro Text
This introductory paragraph appears near the top of the report.
Customization
Fully editable at the firm level
Supports dynamic variables such as:
Firm name
Tax year
Estimated tax payments
Advisor name(s)
Default Message
“Here’s a list of your accounts with our firm and the tax forms you may receive for your tax return. Please note we may not have tax details for every account.”
6. Accounts Table
This table lists investable accounts and the tax forms clients may receive.
Columns Explained
Account – Account number or identifier
Type – Account type (IRA, brokerage, trust, etc.)
Owner – Individual name or “Joint”
Custodian – Custodian listed on the account
Form – Expected tax form
Notes – Advisor-entered notes (never auto-generated)
Which Accounts Are Included?
Included account types generally fall into:
Taxable / brokerage accounts
Retirement accounts (IRA and non-IRA)
Annuities
Other investable account types
Which Accounts Are Excluded?
Certain account types never appear in the 1099 Value Add, including:
HSAs
529 plans
ESAs
Donor-advised funds
FSAs
Checking, savings, money markets, and CDs
These exclusions follow IRS reporting rules.
How the “Form” Column Is Determined
The form shown follows a strict priority:
Manual override (if entered)
Special Roth IRA logic
System default by account type
Roth IRA Special Rules
No withdrawals → no form shown
Any withdrawals during the tax year → 1099-R
Withdrawals are detected using:
Systematic withdrawals
One-time withdrawal transactions within the tax year
Default Form Logic (Examples)
Taxable brokerage → 1099
Traditional / SEP / SIMPLE IRA → 1099-R
Employer plans (401k, 403b, etc.) → 1099-R
Annuities → 1099-R
If no form applies, the report displays ---.
7. Estimated Tax Payments Table
This section shows estimated tax payments made during the tax year.
What Appears
Account used for payment
Date of payment
Payment amount
Total of all payments at the bottom
Where the Data Comes From
One-time transactions marked as Estimated Tax Payments
Transaction date must fall within January 25 of the selected tax year through January 24 of the following year
Visibility Rules
If no estimated payments exist, this entire section is hidden
8. Tax Season Reminders
This section provides helpful tax-season guidance for clients.
Features
Fully customizable bullet points
Supports dynamic variables (tax year, totals, advisor name)
Defaults include reminders about:
1099 availability timelines
Multiple forms arriving separately
Online delivery vs mail
Corrected 1099s
Form 5498 for IRAs
9. Closing Remarks
Optional closing message from the firm
Fully customizable
Supports the same dynamic variables as the intro and reminders
If left blank, this section does not appear.
10. Footer & Disclaimer
Footer
Displays firm contact details:
Address
Phone number
Website
Disclaimer
The disclaimer is built dynamically and includes:
Lead advisor names
Firm-specific disclaimer text
Standard compliance language
If no advisors are assigned, the disclaimer explicitly states that.
In Summary
The 1099 Value Add is:
Automatically generated
Rules-based and consistent
Firm-customizable
Transparent by design
Every value shown can be traced back to a specific data source, rule, or configuration—ensuring clarity for advisors, clients, and compliance teams alike.