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中國香港特別行政區

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RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 754, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

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Additional information for corporate shareholders

ARTICLE TAKEAWAYS

  • Calculating ordinary dividends
  • Calculating deductions for corporate dividends
  • Calculating business interest income

Some of the interactive worksheets request information found on Form 1099-DIV. However, because corporations do not receive that form, you can 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:

  1. Add the “Year-to-date: Dividends” and the “Short-term capital gains” amounts, found on the year-end statement
  2. Add the amount of foreign interest adjustment, if any (as reported in the table below)
  3. Then subtract the amount of return of capital and exempt-interest dividends, if any (as reported in the section below)
     

Foreign interest adjustment:

The funds listed below reported a foreign interest adjustment in 2023 in accordance with Internal Revenue Service (IRS) Notice 2016-10. To determine your foreign interest adjustment amount, apply the fund’s foreign interest adjustment percentage to the sum of the ”Foreign Tax Paid“ transactions on your year-end statement.

American Funds

Foreign Interest Adjustment Percentage

American Funds Developing World Growth and Income Fund

0.07%

American Funds Global Insight Fund

0.14%

American Funds International Vantage Fund

2.09%

Capital World Growth and Income Fund®

0.65%

EuroPacific Growth Fund®

0.02%

International Growth and Income Fund

0.71%

New World Fund®

0.11%

SMALLCAP World Fund®

0.06%

For investors in American Funds Emerging Markets Bond Fund®, American Funds Strategic Bond Fund 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 organizational actions affecting basis of securities for specific return of capital amounts in 2023.

For investors in American Funds that distribute tax-exempt income:

Except for American Funds Tax-Aware Conservative Growth and Income Portfolio, American High-Income Municipal Bond Fund®, The Tax-Exempt Bond Fund of America® and the Tax-Exempt Fund of California®, all the income dividends on your year-end statement represent federally tax-exempt income dividends.

For American Funds Tax-Aware Conservative Growth and Income Portfolio, 57.16%, 57.66%, 64.15% and 57.92% of the dividends you received in March, June, September and December 2023, respectively, were exempt-interest dividends in 2023. To calculate the dividends you received, you can add together the income dividend, foreign tax paid and short-term capital gain transactions as reported under the "Year-to-date transaction history" section of your year-end statement.

For American High-Income Municipal Bond Fund, The Tax-Exempt Bond Fund of America and The Tax-Exempt Fund of California, all of the "income dividend" transactions on your year-end statement were exempt-interest dividends in 2023. The "special dividend" received in December 2023 was 100% taxable. 

You can view or print year-end account statements online. 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 IRS 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 on your account.

Determining deductions on corporate dividends:

U.S. corporations may be able to deduct from federal taxable income a portion of the dividends received from American Funds and Capital Group exchange-traded funds. Review the Corporate dividends received deduction worksheet.

Business interest income:

A portion of the dividends you received from American Funds and Capital Group exchange-traded funds may be treated as business interest income for purposes of Internal Revenue Code Section 163(j). Review the Business interest income worksheet.

Common questions

As part of federal tax regulations, the IRS has determined that S corporations are subject to 1099-B reporting on any sales or exchanges of covered shares. C corporations, however, are not subject to 1099-B reporting.

The IRS has a list of specific requirements that a corporation must meet before it can be considered an S corporation. Please see the S Corporations article or Instructions for Form 2553 (PDF) on the IRS website.

Although S corporations are not subject to 1099-DIV or 1099-INT reporting, any S corporation without a certified taxpayer identification number on IRS Form W-9 on file with us could be subject to backup withholding on proceeds from sales or exchanges on covered shares.

You can submit a certified IRS Form W-9 (PDF) with the new classification.

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