Answers to Common Tax Questions
Will I get a 1099-Div. form?
1099-Div. forms are sent only for the Thornburg Income, Government, Value, International Value, Core Growth, Global Opportunities, and International Growth funds. Accounts in the Municipal Bond portfolios will not receive a 1099-Div; shareholders need to use the year end statement to get total dividends for the year.
What is a 1099-B form?
1099-B forms report gross proceeds of redemptions placed during the year. This form does not specify the amount of gain or loss generated on the transaction - it only reports the gross proceeds.
Does Thornburg calculate the average cost/cost basis for my account?
Average cost statements are generally mailed at the end of January or beginning of February. Not all accounts will receive these statements. Generally, if an account has transferred multiple times or if it was opened prior to 1994, an average cost statement may not be generated.
I have an IRA. What is the cut-off date for prior-year contributions?
If you are holding either a Roth or Traditional IRA and you want to make a contribution for the prior year, you have until April 15** of the current year.
**Must be postmarked by April 15.
Depending on how your account is registered, tax reporting procedures may be different. Your broker dealer firm may be responsible for all year end tax reporting. Please consult your Financial Representative or Tax Advisor for further details.
