Explanations of the tax forms you may receive from Delaware Funds by Macquarie®
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Tax form
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Definition
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Mailed no later than1
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1099-DIV
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Description
Taxable dividends and distributions and tax-exempt interest income paid to you (cash or reinvested) by
your Delaware Funds held in non-retirement accounts. You will not receive this form if your total
dividends for a fund are less than $10, unless amounts also are reported due to reclassification or
withholding.
Use in tax-return preparation
Shows all prior year dividends and distributions, including any ordinary dividends, qualified dividends,
capital gains distributions, nondividend distributions, foreign tax paid, exempt-interest dividends,
liquidation distributions, federal income tax paid (backup withholding) that must be reported on tax
returns, and the portion that constitutes interest on specified private activity bonds (tax-exempt
alternative minimum tax (AMT) interest) .
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February 152 |
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1099-B
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Description
Sales or redemptions of securities. (See determining cost basis for more
information.) You will not receive this form for sales of fractional shares of stock if gross proceeds
are less than $20.
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, including whether the capital gain or loss is
short-term or long-term.
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February 15 |
Cost basis statement (shown on
Form 1099-B)
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Description
Cost basis for sales and redemptions in your account from the previous year. While Delaware Funds by
Macquarie makes every effort to correctly calculate your cost basis, the amount reported may not account
for all transactions affecting your fund shares. Cost basis may not be calculated for all accounts.
Use in tax-return preparation
Shows cost basis information for shares purchased or acquired on or after January 1, 2012 (covered
shares) and which are disposed of after that date according to the funds' default method of the
“average cost basis, single category” method, which may be used to calculate capital gains and
losses on tax returns. As a courtesy to shareholders, cost basis information may also be provided
for shares purchased prior to January 1, 2012, but such information will not be reported to the IRS.
Visit cost basis
requirements for additional information regarding cost-basis reporting.
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February 15 |
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1099-Q
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Description
Payments from qualified education programs.
Use in tax-return preparation
Shows distributions and earnings, including qualified and nonqualified distributions, rollovers, and
trustee-to-trustee transfers, from qualified college tuition programs and Coverdell Education Savings
Accounts that must be reported to the IRS.
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January 31 |
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1099-R
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Description
Distributions made to you from pensions, annuities, retirement or profit-sharing plans, IRAs, insurance
contracts (unless done as a transfer of assets), and other plans.
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 irs.gov) to your tax return to report
taxable income and other information related to certain nondeductible IRA distributions, conversions, or
recharacterizations.
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January 31 |
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1042-S
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Description
Foreign person's US source income subject to withholding.
Use in tax-return preparation
Shows income or gains from US sources paid to foreign persons (including persons presumed to be foreign)
that must be reported to the IRS.
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March 15 |
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5498
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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.
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May 31 |
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5498-ESA
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Description
Coverdell ESA contribution information.
Use in tax-return preparation
Shows contributions and rollovers to a Coverdell ESA that are reportable on your return.
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April 30 |
1 If the date falls on a weekend or legal holiday, the mail-by date would be the next business day.
2 Delaware Funds by Macquarie reports Form 1099-DIV on a consolidated statement with Form 1099-B. As a result, the IRS mailing deadline for Form 1099-DIV is February 15.