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January signals the start of tax season, but not all investors will receive a form each year. Whether you receive one of the tax forms described below depends on the transactions you perform or the distributions paid by your funds.
Tax forms are posted on the Documents page of your My Account page as soon as they are generated. They are also mailed and emailed by the dates listed below. If you do not have a My Account page, register today for fast access to your accounts.
Federal Income Tax Rates
Tax Fast Facts
U.S. Government Obligations **
Alternative Minimum Tax (AMT)
Dividends-Received Deduction for Corporate Investors
Foreign Source Income
Qualified Dividend Income
Tax-Exempt/Muni Funds
Utah Taxpayer Information
** If you downloaded the 2017 U.S. Government Obligations flyer before January 31, 2018, please discard that information. The information has been updated as of February 1, 2018.
Changes to Cost Basis
Giftrust K-1 Information
Giftrust Tax Filing Requirements
IRA Contribution Limits
Required Minimum Distributions
Zero Coupon Funds Reverse Share Split
Available: January 31*
*Availability Notes
About this Form: 1099-DIV is a record of all taxable dividends and capital gains earned by your accounts during the year.
This information is reported to the IRS and must be reported on your federal income tax return, whether the amounts were received in cash or reinvested. Form 1099-DIV consolidates information for all of your accounts registered with the same address and same Tax Identification number. For additional information about distributions, consult IRS Publication 550, Investment Income and Expenses.
You will receive this form if you: Received dividends or capital gains distributions in a taxable account. You can confirm this by referencing the Income Summary section of your annual statement or our distribution list. Please read on for exceptions.
You will not receive this form if you: Have dividends under $10 for any one fund or if your fund did not pay a distribution. The IRS does not permit us to send Form 1099-DIV for funds that do not pay a distribution.
If this form is applicable to your account, you can access it securely online. Log In to the Documents page to find a copy of your tax forms from the last two years.
* Availability Notes
About this Form: 1099-B reports redemptions and exchanges from your taxable accounts for the year.
The information on Form 1099-B is reported to the IRS and should be reported on Schedule D of your federal tax return. Form 1099-B consolidates information for all of your accounts registered with the same address and same Tax Identification number.
You will receive this form if you: Sold or exchanged shares of a fund (other than a money market fund) in a non-retirement account, or had certain transactions in a non-retirement brokerage account, such as the sale of security shares or the maturation of individual bonds. Please read on for exceptions.
You will not receive this form if you: Are in a retirement account or if your redemption is less than one share and the gross proceeds are less than $20 for any transaction.
Available: January 31
About this Form:
1099-R reports redemptions from your retirement plans, including traditional, SEP-, SIMPLE- and Roth IRAs, during the year. This information is reported to the IRS and should be reported on your federal tax return.
You will receive this form if you: Took a distribution or initiated a rollover from an IRA or employer-sponsored plan, recharacterized IRA assets, or converted to a Roth IRA.
About this Form: 1099-Q reports distributions made from a Coverdell Education Savings Accounts (CESA).
You will receive this form if you: Sold or transfer/rolled over funds between trustees in a CESA.
Available: March*
About this Form: K-1 reports your share of the trust's income or loss, deductions or credits. You will need this form to correctly complete your personal tax return, along with Form 1099-B.
You Will Receive this if: Your Giftrust® account matured in the previous tax year. After the year of maturity, Schedule K-1 no longer applies to your account as it is no longer part of the trust.
Additional Resources:
Available: March 15
About this Form: Form 1042-S reports U.S. income, including dividends and capital gains, earned by nonresident aliens.
You will receive this form if you: Are a certified nonresident alien, and received dividends or capital gains distributions from a non-retirement account, or an account distribution from an IRA or employer-sponsored plan.
Available: May 31
About this Form: Form 5498 reports contributions to your retirement plans, including traditional, SEP, SIMPLE and Roth IRAs.
Traditional, Roth and Rollover IRA reporting includes contributions made in the tax year shown on the form and any contributions made for that tax year from January 1 until April 15 of the following year.
SEP IRA and SIMPLE IRA reporting only includes contributions made in the tax year shown on the form. Any contributions made from January 1 through April 15 of the following year will appear on the next year's Form 5498.
The fair market value of your account, as of December 31 each year, is reported in the annual account statement sent in January and reported to the IRS.
You will receive this form if you: Made a current tax year 2017 contribution to your Traditional, Roth and/or Rollover IRA between January 1, 2017, and April 17, 20181, or completed an IRA rollover, recharacterization, or conversion.
1 The IRS requires SEP and SIMPLE contributions to be reported on a calendar-year basis. If a 2017 contribution was made between January 1, 2018 and April 17, 2018, it will appear on next year's form.
Available: April 30
About this Form: Form 5498 ESA reports your Coverdell Education Savings Account (CESA) contributions.
You will receive this if you: Sold or transfer/rolled over funds between trustees in a CESA.
IRS Circular 230 Disclosure: American Century Companies, Inc. and its affiliates do not provide tax advice. Accordingly, any discussion of U.S. tax matters contained herein (including any attachments) is not intended or written to be used, and cannot be used, in connection with the promotion, marketing or recommendation by anyone unaffiliated with American Century Companies, Inc. of any of the matters addressed herein or for the purpose of avoiding U.S. tax-related penalties.
This information is for educational purposes only and is not intended as tax advice. Please consult your tax advisor for more detailed information or for advice regarding your individual situation.
This material has been prepared for educational purposes only. It is not intended to provide, and should not be relied upon for, investment, accounting, legal or tax advice.
Brokerage Services are provided by American Century Brokerage, a division of American Century Investment Services, Inc., registered broker/dealer, member FINRA, SIPC.