Explanations of the tax forms you may receive from Delaware Investments
| Tax form |
Definition |
Mailing no later than |
| 1099-DIV |
Description
Dividends and distributions paid to you (cash or reinvested) by your Delaware Investments® funds held in non-retirement accounts. You will not receive this form if your total dividends for a fund are less than $10.
Use in tax-return preparation
Shows all prior year dividends and distributions, including any ordinary dividends, qualified dividends, capital gains distributions, non dividend distributions, foreign tax paid, liquidation distributions, and federal income tax paid (backup withholding) that must be reported on tax returns.
|
2/17/2009
|
| 1099-B |
Description
Sales or redemptions of securities. (See calculating cost basis for more information.)
Use in tax-return preparation
Shows proceeds of sales and redemptions (including exchanges) that must be reported on tax returns in calculating capital gain or loss from the sale of shares.
|
2/17/2009
|
| Cost basis statement |
Description
Cost basis for sales and redemptions in your account from the previous year. While Delaware Investments makes every effort to correctly calculate your cost basis, the amount reported may not account for all transactions affecting your fund shares.
Use in tax-return preparation
Shows cost basis information according to the "average cost basis, single category" method, which may be used to calculate capital gains and losses on tax returns. |
2/2/2009
|
| 1099-INT |
Description
Tax-exempt interest income paid to you (cash or reinvested) by your Delaware Investments tax-free funds held in non retirement accounts. You will not receive this form if your total tax-exempt interest dividends for a fund are less than $10.
Use in tax-return preparation
Shows tax-exempt interest dividends and the portion that constitutes interest on specified private activity bonds (tax-exempt AMT interest).
|
2/2/2009
|
| 1099-Q |
Description
Payments from qualified education programs.
Use in tax-return preparation
Shows distributions and earnings, including qualified and non qualified distributions, rollovers and trustee-to-trustee transfers, from qualified college tuition programs and Coverdell Education Savings Accounts that must be reported to the IRS.
|
2/2/2009
|
| 1099-R |
Description
Distributions (including rollover distributions) from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance contracts (unless done as a transfer of assets), and other plans made to you.
Use in tax-return preparation
Shows retirement account distributions that must be reported on tax returns. Attach Copy B of Form 1099-R to your tax return, if federal income tax was withheld. Attach Form 8606 (available at www.irs.gov) to your tax return to report taxable income and other information related to Roth IRA distributions, conversions, or recharacterizations.
|
2/2/2009
|
| 1042-S |
Description
Foreign person's U.S. source income subject to withholding.
Use in tax-return preparation
Shows income or gains from U.S. sources paid to foreign persons (including persons presumed to be foreign) that must be reported to the IRS.
|
3/16/2009
|
| 5498 |
Description
IRA contribution information.
Use in tax-return preparation
Shows IRA contributions, rollovers, year-end fair market values (FMV), and required minimum distributions (RMD) to track your deductible and nondeductible IRA contributions. |
2/2/2009 (FMV/RMD)
6/1/2009 (Contributions)
|
| 5498-ESA |
Description
Coverdell ESA contribution information.
Use in tax-return preparation
Shows contributions and rollovers to a Coverdell ESA that are reportable on your return. |
4/30/2009
|
The information contained in the Tax Center is not intended to be legal or tax advice. If you need assistance preparing your tax return, please consult a tax advisor.
Information may be abridged and therefore incomplete. Any discussion pertaining to taxes in this communication (including attachments) may be part of the promotion or marketing of a product. As provided for in government regulations, advice (if any) related to federal taxes that is contained in this communication (including attachments) is not intended or written to be used, and cannot be used, for the purpose of avoiding penalties under the Internal Revenue Code. Individuals should seek advice based on their own particular circumstances from an independent tax advisor.
|
