| Form |
|
Why is it generated?
|
|
When is it sent
out? |
|
Is the form required
for filing my taxes?* |
1099-D
(Also known as 1099-Div) |
Generated
on non-retirement accounts that have declared dividends and/or
capital gains reinvested or paid in cash. |
Mailed no
later than January 31 of each year. |
Income reported
on a 1099-DIV should be included with your income tax reporting. |
| 1099-B |
Generated
on non-retirement accounts that have had shares redeemed or
exchanged during the tax reporting period. |
Mailed no
later than January 31 of each year. |
Any gains
or losses experienced by the selling or exchanging of shares
should be included with your income tax reporting. |
| Average Cost
Basis Statement |
Mailed out
with the 1099-B tax forms |
Mailed no
later than January 31 of each year. |
This statement
will provide the average cost basis for the shares redeemed
or exchanged from your account.This will assist you in determining
any gains or losses in the sale of shares. |
| 1099-R |
Generated
on retirement accounts that have had distributions during the
tax reporting period. Note: Coverdell ESA distributions are
not reported on this tax form. |
Mailed no
later than January 31 of each year. |
Distributions
from retirment accounts may be subject to income taxes or penalties
and should be included with your income tax reporting. |
| 5498 |
Generated
when contributions or rollovers have been received in retirement
accounts during the tax reporting period. Note: Coverdell ESA
contributions and rollovers are not reported on this tax form
|
Mailed no
later than May 31 of each year. |
Contributions
to your retirement accounts may be deductible,non-deductible,or
may offset distributions thus reducing penalties or income taxes.
Contributions or rollovers should be included with your income
tax reporting. |
| 1099-Q |
Generated
for Coverdell Educations Savings Accounts (ESA) that had distributions
during the tax reporting period. |
Mailed no
later than January 31 of each year. |
Distributions
from Coverdell ESAs may be subject to income taxes or penalties
and should be included with your income tax reporting. |
| 5498-ESA |
Generated
for Coverdell Educations Savings Accounts (ESA) when contributions
or rollovers have been received during the tax reporting period.
|
Mailed no
later than April 30 of each year. |
Contributions
to your Coverdell ESA are not deductible or may offset distributions
thus reducing penalties or income taxes. Contributions or rollovers
should be included with your income tax reporting. |
| 1042-S |
Generated
on accounts owned by non-resident aliens when taxes are withheld
from dividends and capital gains reinvested or paid in cash. |
Mailed no
later than March 15 of each year. |
Money withheld
due to non-resident alien status may be used to reduce income
taxes in the shareholder’s country of citizenship and
should be included with income tax reporting. |
* The information in this column is intended to be a general guideline.Shareholders should consult a tax professional regarding their specific tax filing requirements.
