Understanding Tax Forms
When you invest, each transaction usually has tax consequences, and it's important to understand how you are affected. In January and February, 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||Description||Mailing Deadline|
|1099-B||Reports redemptions (including exchanges) on non-retirement accounts except Money Market accounts.||February|
|1099-DIV||Taxable dividend and capital gains, as well as tax exempt distributions on Fund assets held in non-retirement MainStay accounts.||January|
|1099-Q||Reports taxable distributions and earnings on 529 plans and Coverdell Education Savings Accounts (CESAs).||January|
|1099-R||Complete or partial distributions from retirement accounts, direct rollovers, and any related backup withholding.||January|
|1042-S||Reports taxes withheld on non-resident alien accounts.||March|
|5498||Reports purchases (contributions and rollovers) into IRA, Roth IRA, SEP IRA, and SIMPLE IRA accounts.||May|
|5498-ESA||Reports purchases (contributions and rollovers) into a Coverdell Education Savings Account.||April|