January Processing Schedule
January 18 — The financial markets will be closed on Monday, January 18, in observance of Martin Luther King Jr. Day. The Thrift Savings Plan will also be closed. Transactions that would have been processed Monday night (January 18) will be processed Tuesday night (January 19) at Tuesday’s closing share prices.
IRS Form 1099-R — IRS Form 1099-R, Distribution From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc., for tax year 2020 will be posted in My Account and mailed by January 31, 2021. Note that withdrawals processed after December 29 are considered taxable income for 2021 and will not be included on 2020 1099-Rs. Taxable distributions of loans are taxable in 2020 if made on or before December 31 and will be included on 2020 1099-Rs.