“Sunwest Trust facilitates non-traditional transactions that help people reach their financial goals.”
The year has just flown by for us here at Sunwest Trust. Now its time to train ourselves to write 2016 on everything. 2015 has been a very productive year, Sunwest has grown over 10% to servicing over 9,000 IRA accounts and close to 1.1 billion in assets under our custody. Along with this growth we have experienced some growing pains, and hopefully, you have not seen those, but we are now fully staffed and ready to take on whatever this new year brings us.
We will be asking for your Fair Market Values shortly. By January 31st, if you received a distribution in 2015, you will receive a 1099 from us that you can use to file your 2015 taxes. We also will be sending you a 5498, but not until May. Remember, you have until April 15, 2016, to make a 2015 contribution to your IRA, and that is one of the reasons that we cannot send out the 5498s until May. You do not need the 5498 to file your taxes, it is for informational purposes for the IRS and not required for your to have with your tax return.
We are looking forward to 2016, and we hope you are also, as always if there is any way Sunwest can be of service to you, please feel free to contact us. For answers to the most frequently asked questions related to self directed IRAs, subscribe our YouTube channel.
Terry White – President/CEO