Your Money

Tax season is stressful enough without tracking down tax documents or wondering when they’ll be available. That’s why Schwab created the 1099 dashboard, which helps eliminate some guesswork.

Schwab’s 1099 Dashboard provides a quick, personalized way to view the expected availability dates of 1099 Composite forms for your eligible brokerage accounts with taxable activity in 2022. While some forms will begin posting this week, Schwab expects to have all 1099s posted online by February 17th. Your 1099 information will also be available for direct download that same day.

Just to let you know, corrections are common with 1099s and corrected forms may come out as late as mid-March. K-1 Partnership Returns (if you hold private investments) are also very slow to arrive and usually force a filing for an extension.

You can access the dashboard online at schwab.com/1099dashboard or via the 1099 Tax Forms screen on the Schwab Mobile app.

Your Life

It’s everywhere in the news. Prescription drug prices in the US are so high. Americans spend more on prescription drugs -- average costs are about $1,300 per person per year -- than anyone else in the world. While private insurers and government programs pick up the most significant share of the bill, high drug costs are ultimately passed on to members of the public through the premiums they pay to keep their insurance policies active and the taxes they pay to the government. Pharmaceutical companies argue that they need robust profits to bankroll the development of medical advances and that restricting prices would harm innovation. Critics point to the industry’s fat profit margins and say companies exaggerate drug-development costs. Doctors and insurance executives worry that many medicines are becoming unaffordable. Advocates of greater price regulation argue that it needn’t hamper innovation. They say drugmakers could reduce spending on marketing and cite an analysis that found promotional budgets exceed those for research and development at most prominent companies.

Why Prescription Drug Prices in the US Are So High
by Robert Langreth

Complexity Simplified

1. Optimize your bathroom
2. Update stairs and home’s entry points
3. Invest in the kitchen

Trivia