2016 Open-End Tax Guide
The links below provide more detailed information on each of the tax forms that you may have received from Invesco. A glossary of tax and investment terms is also provided below for your reference.
|Tax Forms||Used in tax return preparation||Mailed to shareholders||Reported to IRS|
Reports the redemption proceeds from the sale or exchange of fund shares from non-retirement accounts of price-fluctuating funds. Also summarizes cost basis transactions.
|Shows proceeds of sales and cost basis information that is needed for calculating capital gain or loss from sales of shares. Proceeds are always reported to the IRS. Cost basis for covered shares are reported to the shareholder and IRS. Cost basis for noncovered shares, when available, is reported to the shareholder only.||Late January||Proceeds - Yes
Covered - Yes
Noncovered - No
Reports capital gains and dividend distributions from non-retirement accounts.
|Show dividends, capital gains and any return of capital distributed by the fund that must be reported on tax returns.||Late January||Yes|
Reports distributions and rollovers made from Invesco-sponsored retirement accounts (not issed for a transfer of assets).
|Shows retirement account distributions that must be reported on tax returns. If this form shows federal income tax withheld, attach Copy B to your tax return and retain Copy C for your records.||Late January||Yes|
reports all distributions and rollovers from Invesco-sponsored Coverdell Education Savigns Accounts (ESAs).
|Reports all distributions and rollovers from Invesco-sponsored Coverdell Education Savings Accounts (ESAs).||Late January||Yes|
Reports distributions and taxes withheld for accounts owned by nonresident alients and foreign entities.
|Shows nonresident alien’s or foreign entity’s US source of income subject to withholding.||Mid-March||Yes|
Reports IRA contributions, rollovers, conversions, and year-end fair market value.
|Retain to track IRA contributions. Also indicates if required minimum distribution may be required in the next tax year.||Late May||Yes|
Reports contributions and rollovers, including direct trustee transfers made to Coverdell ESAs.
|Retain to track any contributions or rollovers to your Coverdell ESA account.||Late April||Yes|
Did You Know?
Direct deposit refund
You can have your IRS refund invested in your account by using the direct deposit section of IRS Form 1040, 1040A or 1040EZ. This is a fast, easy way to invest your refund dollars.
Simply fill in the refund section (see table below) of your Form 1040, 1040A or 1040EZ with the following information:
Line b: Enter routing number 011001234.
Line c: Place an "X" in the box for "Checking."
Line d: In the first three boxes, enter "IVZ." In the next four boxes, enter your fund number. In the last 10 boxes, enter your account number.
All 17 boxes must be filled. Include leading zeroes in the fund and account number fields if needed.
Note: The IRS also allows you to deposit your refund directly to your traditional or Roth IRA as your current or prior year contribution, but certain restrictions apply. Please review Form 8888 and Instructions for Form 1040 on the IRS website (irs.gov) for more details.
|Where to Find the Refund Section|
|Form 1040||Lines 76b, c and d|
|Form 1040A||Lines 48b, c and d|
|Form 1040EZ||Lines 13b, c and d|
|Line numbers are subject to change without notice from the IRS.|
Tax identification number (TIN) masking
For your protection, Invesco will mask the first five digits of your tax identification number and it will read in a format such as XXX-XX1234 for Social Security numbers or XX-XXX1234 for employee identification numbers. Please note that tax identification numbers will not be masked on Form 1042-S.
Sign up for eDelivery to gain online access to your tax forms, quarterly statements and other documents. This convenient service will also help you avoid mailing delays, reduce the amount of paper you receive and allow you to view your documents online anytime. (Invesco will send an email notification once your documents are available.) For security purposes, you will need to log into your account to view your tax forms and statements. To sign up, log into your Invesco account and select "Register for eDelivery" from the menu on the right.
Cost basis information
As part of the Energy Improvement and Extension Act of 2008, mutual fund companies are required to report your cost basis information on IRS Form 1099-B for shares that are acquired and subsequently redeemed on or after Jan. 1, 2012. To learn more about the regulations, visit the Invesco Tax Center at invesco.com/us and click on "Mandatory Cost Basis Information."
Income derived from US government obligations
The income derived from US government obligations will be available in the Tax Center of our website. If you receive a Form 1099-DIV, then this information may assist you in calculating your state tax liability if you live in a state that provides special treatment of dividends derived from interest on federal obligations.
Due to the nature of REIT investments, the IRS Form 1099-DIV and Form 1099-B on Invesco Real Estate Fund, Invesco Global Real Estate Income Fund and Invesco Global Real Estate Fund will typically be sent in February instead of in January with the other funds. This means that account holders with other funds receiving a Form 1099-DIV and/or Form 1099-B will receive the forms separately and on different dates. This delay on the Real Estate form will help reduce the risk of a corrected form being needed due to incomplete dividend information being initially reported.
None of the information provided here should be considered tax or legal advice. You should consult your legal or tax advisor for information concerning your individual situation.
The forms and statements shown above are for illustrative purposes only. Prices and per share values may not be the actual prices and values for the dates and accounts shown. CUSIP and federal tax identification numbers are not the actual numbers assigned to the Invesco funds. All information and form layouts are subject to change based on IRS updates. Please visit irs.gov for the most updated information.