Some of the interactive worksheets request information found on Form 1099-DIV. However, because corporations do not receive that form, you should refer to the American Funds Year-End Statement to find information such as income dividends, capital gain distributions and foreign tax paid, which are reported prior to any reclassifications to return of capital and exempt-interest dividends.
To determine “Ordinary dividends,” you will need to add the “Year-to-date: Dividends” and the “Short-term capital gains” amounts on the year-end statement, and then subtract the amount of return of capital and exempt-interest dividends, if any (as reported below).
For investors in American Funds Strategic Bond FundSM and Capital World Bond Fund® only:
A portion of the dividends you received (as reported under “Year-to-date: Dividends” and “Short-term capital gains” in the Activity Detail section of your year-end statement) was a return of capital. Refer to “Form 8937: Report of Organization Actions” for specific return of capital amounts in 2017.
For investors in American Funds that distribute tax-exempt income:
Except for American Funds Tax-Advantaged Growth and Income Portfolio℠*, all the income dividends on your year-end statement represent federally tax-exempt income dividends. For American Funds Tax-Advantaged Growth and Income Portfolio*, 60.44% of the dividends you received (as reported under “Year-to-date: Dividends” and “Short-term capital gains” in the Activity Detail section of your year-end statement) were exempt-interest dividends in 2017.
You can view or print year-end account statements online, or order duplicate statements by calling (800) 325-3590. You’ll need your company’s account number and password.
Each corporate investor’s tax situation is unique. We strongly urge you to consult a tax advisor, the Internal Revenue Service or your state tax authority to determine how specific tax laws apply to your organization. Contact your financial professional or call us for further assistance.
U.S. corporations may be able to deduct from federal taxable income a portion of the dividends received from American Funds. See more information under Corporate Dividends Received Deduction Worksheet.
*American Funds Tax-Advantaged Income Portfolio℠ has been renamed, effective 1/1/18, to American Funds Tax-Advantaged Growth and Income Portfolio℠.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing.
Content contained herein is not intended to serve as impartial investment or fiduciary advice. The content has been developed by Capital Group, which receives fees for managing, distributing and/or servicing its investments.