Tax Form Reference Guide and Supplementary Tax Information
Here is a brief list of the types of tax forms Virtus Investment Partners provides mutual fund shareholders.
1099-DIV: Dividends and capital gains distributions
Who receives it: Investors in non-retirement accounts who received dividends and/or capital gains distributions over $10, regardless of whether they were reinvested or paid in cash.
Form 1099-DIV will be mailed by February 15, 2017.
Foreign Tax Credit, if applicable, will be shown in box 6 on 1099-DIV and is based on your share of the fund's foreign taxes paid. The foreign taxes paid are based on the income the mutual fund received from its investments in foreign corporations and the taxes the fund paid to foreign governments at the mutual fund level.
1099-INT: Interest Income
This information was previously provided on form 1099-INT for tax exempt (box 8) and Alternative Minimum Tax (box 9). It is now being reported to the IRS on Form 1099-DIV in boxes 10 and 11.
1099-B: Proceeds from a redemption or exchange
Who receives it: Investors who redeemed or exchanged shares in a non-retirement account.
Form 1099-B will be mailed by February 15, 2017.
Cost Basis: Cost Basis information is now provided on Form 1099-B and reports gains or losses generated from a sale or exchange of shares
Who receives it: Eligible investors in non-retirement accounts who receive a 1099-B. Virtus Investment Partners uses the Average Cost Single Category method to determine the cost basis.
Visit Tax-Center Cost Basis to learn more about cost basis changes effective January 1, 2012.
1099-R: Distributions, including all IRA conversions and recharacterizations
Who receives it: Investors who took a distribution from a retirement account*, including those who converted a traditional IRA to a Roth IRA. You will not receive this form if you transferred assets directly from one retirement account to another.
Form 1099-R will be mailed by January 31, 2017.
*Retirement accounts include Individual Retirement Accounts (IRAs), Roth IRAs, Simplified Employee Pension (SEP) plans, and SIMPLE accounts. Important note: By law, all personal tax information provided to you by Virtus Investment Partners is also been provided to the IRS, except average cost.
Form 5498: Contributions to IRAs
Who receives it: Investors who made contributions to traditional, Roth, SIMPLE, or SEP IRAs, including rollovers, conversions and recharacterizations.
Form 5498 will be mailed by May 31, 2017.
1099-Q: Gross distribution from Qualified Education Programs (Coverdell ESA)
Who receives it: Investors who made a redemption from a Coverdell ESA. Form 5498-ESA: Coverdell ESA contribution information Who receives it: Investors who made contributions to a Qualified Education Program (Coverdell ESA).
Form 1099-Q will be mailed by January 31, 2017.
Form 5498-ESA will be mailed by May 1, 2017.
» Sample 1099-Q Tax Form
2016 Mutual Fund Tax Tables
A reference for residents of states that do not tax mutual fund dividends earned on securities issued by the U.S. Government.
» Fund Income Derived from U.S. Government Securities
Important note for residents of California, Connecticut and New York:
These states allow exemptions from state tax if a fund had at least 50% of its assets invested in exempt securities each quarter. Based on this requirement, none of the Virtus Investment Partners funds qualify for exemption in these states.
State-Specific Tax Tables
A reference for California residents to determine the portion of dividends earned from interest on municipal obligations issued by California and Puerto Rico, which are exempt from state taxes.
Fund-Specific Tax Tables
These tables report the percentage of dividends earned from tax-exempt bonds.
Need help with Virtus Investment Partners' tax forms?
If you don't see the form you received or need listed below, e-mail or call us at 1-800-243-1574.
Ask the IRS. 1-800-829-1040 -- or order the IRS' "Guide to Free Tax Services." 1-800-829-3676 or www.irs.gov
Additional Information for Taxpayers
If you invested in a tax-exempt fund that paid exempt interest dividends during the 2016 tax year, we are required to provide you with Form 1099-DIV*.
*Form 1099-DIV is NOT provided for those distributions under $10.00.
Distributions of $10 or more must be reported on your tax returns, whether you received cash or reinvested additional fund shares.
The percentage of tax-exempt income from the Virtus California Tax-Exempt Bond Fund subject to the federal alternative minimum tax for the 2016 tax year is 6.22%.
The percentage of tax-exempt income from the Virtus Tax-Exempt Bond Fund is subject to the federal alternative minimum tax for the 2016 tax year is 0.0%.
Shareholders with incorrect or missing Social Security Numbers (also called Taxpayer Identification Numbers) will be subject to the IRS required 28% withholding from all distributions and redemptions. If your Social Security Number is incorrect or missing from your tax form(s), please complete Form W-9 and send it to Virtus Investment Partners.
PO Box 9874
Providence, RI 02940-8074
Virtus Customer Service
Download and print Form W-9, or obtain one by calling us at 1-800-243-1574 or by visiting your local post office.