| Understanding Tax Forms |
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When you invest, each transaction usually has tax consequences, and it's important to understand how you are affected. In January, MainStay will send you tax forms, which reflect both taxable and non-taxable events within your Funds for the prior calendar year.
The chart below outlines tax documents you may receive related to your mutual funds. Click on the tax document name to view a specific form. As always, please consult your tax advisor for more information about your specific circumstances.
| Tax Document |
Key Information |
When It's Generated |
| 1099-DIV |
Taxable dividend and capital gains distributions on Fund assets held in non-retirement MainStay accounts. |
Late January |
| 1099-B |
Proceeds from the sale or exchange of shares in any non-retirement MainStay accounts and any related backup withholding. |
Late January |
| 1099-INT |
Summarizes interest income for the year. Records interest income received from banks and other savings institutions, as well as withdrawal penalties, federal tax withheld, and foreign tax paid. |
Late January |
| 1099-R |
Complete or partial distributions from retirement accounts, direct rollovers, and any related backup withholding. |
Late January |
| 1099-Q |
Reports taxable distributions and earnings on 529 plans and Coverdell Education Savings Accounts (CESAs), year-end fair market value of CESAs. |
Late January |
| 5498 |
Contributions and rollovers to IRAs made during the year, Roth IRA conversions, and year-end fair market value. |
Mid-May |
| 5498-ESA |
Produced for Coverdell Education Savings Account contributions and rollovers. |
Late April |
| 1042-S |
Produced to report income received by nonresident and alien shareholders. |
Mid-March |
| Cost Basis Statement |
Provides cost basis for shares redeemed in the current year using Average-Cost method, if account opened in 1987 or later. This helps you calculate your capital gains/losses. |
Included with 1099-B |
| Return of Capital |
Indicates which funds returned capital in prior tax year. This is used to calculate capital gains. |
Included on 1099-DIV |
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