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 A helpful guide to understanding tax topics that matter to you!
IRS Tax Forms
You may receive one or more of the following forms depending on the transactions that occurred during the year. All tax forms are sent by the end of January unless otherwise noted. The information on these forms must be reported to the IRS.
Form 1099-DIV
This reports the taxable ordinary income, qualified dividends and capital gains distributed to your accounts during the year. Distributions are taxable whether you receive them in cash or reinvest them by purchasing additional shares. For more information on distribution types, refer to Page 2.
Form 1099-INT
This shows tax-exempt interest, including exempt interest dividends paid during the calendar year, as well as the amount subject to the Alternative Minimum Tax.
Form 1099-R
This reports redemptions made from retirement accounts during the year.
Form 1099-B
This reports redemptions and exchanges from your taxable accounts during the year. Average Cost and Capital Gain/Loss Summary This helps determine taxable gains or losses on shares in your taxable accounts redeemed or exchanged during the year. This information is not reported to the IRS.
Form 1099-Q
This reports redemptions from qualified education programs under the Learning Quest® 529 Education Savings Program (Section 529) and Coverdell Education Savings Accounts (Section 530).
Form 1042-S
This reports redemptions from a retirement account and distributions in a taxable account for account owners who are non-resident aliens. Form 1042-S is sent in March.
Form 5498-ESA/5498
These report contributions made to your Coverdell Education Savings Accounts (CESAs) and individual retirement accounts (IRAs). Form 5498-ESA is sent in April for CESAs and Form 5498 is sent in May for IRAs.
Download Mutual Fund Tax Guide
PDF format, 1.9MB, 8Pages.
American Century Investment Services, Inc.
P.O. Box 419200
Kansas City, Missouri 64141-6200
1-800-345-2021
Automated Information Line:
1-800-345-8765
americancentury.com
TABLE OF CONTENTS
A great deal of tax information is available at your fingertips these days. However, finding what’s relevant to your mutual fund doesn’t have to be a cumbersome task. We’ve created this guide to help you identify the essential tax topics for your accounts at American Century Investments. Of course, you should always contact your tax advisor with specific tax questions.
IRS tax forms....................................................................................................... 1
Find out which tax forms you may receive that pertain to your American Century accounts.
Distributions and dividends............................................................................... 2
Learn what types of income you may receive from your mutual fund.
Special tax items................................................................................................. 4
Read information on capital losses, the Alternative Minimum Tax (AMT), foreign taxes and taxes on your children’s income.
Additional tax information available from American Century Investments
• Calculating cost basis – explains how to use your account statement and tax forms to determine your cost basis.
• Tax Fast Facts – provides current income and capital gain rates as well as estate and gift tax exemption amounts.
• IRA Fast Facts – lists current retirement account contribution limits and eligibility information.
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