Understanding Form 1099-DIV
Form 1099-DIV is a record of all taxable dividends and distributions earned from your Dreyfus fund investments during 2015. It also records exempt-interest dividends from mutual funds and the portion of any exempt-interest dividends subject to the Alternative Minimum Tax (AMT). This information is reported to the Internal Revenue Service (IRS).
If your account is invested in more than one fund, the 1099-DIV information for each fund has been consolidated and mailed to you in a single package. However, shareholders with more than one type of account—for example, an individual account and another account that is jointly owned—will receive a separate package of tax forms for each account. The dividends and capital gains shown on Form 1099-DIV must be reported on your federal income tax return, even if you reinvested your distributions in additional fund shares instead of receiving them in cash.
A: RECIPIENT'S NAME & ADDRESS
Your registration and mailing address. You are the recipient as owner of the account(s) listed on this form.
B: RECIPIENT'S IDENTIFICATION NUMBER
The number under which the amounts have been reported to the IRS. For individuals this is your Social Security Number, which has been masked on both paper forms and electronic forms available behind the secure log-in on Dreyfus.com. Employer Identification Numbers have also been masked.
C: FUND NAME/FUND'S FEDERAL TAXPAYER IDENTIFICATION NUMBER/FUND AND ACCOUNT NUMBER
Box (1a) - TOTAL ORDINARY DIVIDENDS
Total amount of dividends and short-term capital gain distributions that were paid to you in 2015. This amount includes the amount in Box 6. Foreign tax paid is added to the dividends received and reported in Box 1a and, if applicable, Box 1b. If there was foreign tax paid, the total dividends reported here will be higher than the amount actually received.
Include the amount on Form 1040, Line 9a ("Ordinary dividends"). If your total dividends exceed $1,500, you must complete Form 1040, Schedule B, Line 5.
Box (1b) - QUALIFIED DIVIDENDS
The amount of dividends in Box 1a that qualify for the 0%, 15% or 20% capital gains rates (as applicable).
If there is an amount in Box 1b, include that amount on Form 1040, Line 9b ("Qualified dividends").
Box (2a) - TOTAL CAPITAL GAIN DISTRIBUTIONS
Total long-term capital gains paid to you, if any, in 2015.
Refer to the official IRS instructions for the 2015 Form 1040, Line 13 to determine if you qualify to report this amount directly on Form 1040. If you qualify, this amount should be entered on Form 1040, Page 1, Line 13, and you should check the box on that line. Refer to the Capital Gain Tax Worksheet included in the IRS instructions. If you do not qualify, this amount should be entered on Form 1040, Schedule D, Part II, Line 13, Column (H).
Box (2b) - UNRECAP. SEC. 1250 GAIN
The portion of the total capital gain distribution represented as unrecaptured section 1250 gain, if any, in 2015.
Box (2c) - SECTION 1202 GAIN
Box (2d) - COLLECTIBLES (28%) GAIN
The portion of the total capital gain distribution represented as collectibles (28%) gain, if any, in 2015.
Box (3) - NONDIVIDEND DISTRIBUTIONS
The return of capital distribution paid to you, if any, in 2015. This amount reduces the cost basis of your fund shares. If you get back all of your cost (or other basis), report any additional distributions as capital gains. See IRS Publication 550, Investment Income and Expenses. THIS AMOUNT IS NOT TAX-EXEMPT INCOME.
Box (4) - FEDERAL INCOME TAX WITHHELD
Federal income tax withheld, if any, from dividends and distributions paid to you in 2015. This amount will either reduce the amount of tax you owe to the IRS or increase the amount the IRS will refund to you.
Should be entered on Form 1040, Page 2, Line 64.
Box (5) - INVESTMENT EXPENSES
Your share of expenses of a nonpublicly offered regulated investment company, generally a nonpublicly offered mutual fund.
Box (6) - FOREIGN TAX PAID
Foreign income taxes paid in 2015 on interest and dividend income derived from the fund’s investment in foreign securities. Federal tax law generally permits U.S. taxpayers to either deduct or take a credit against their U.S. tax liability for taxes paid to foreign governments.
Should be entered on:
- Form 1040, Schedule A, Line 8, if you choose to deduct foreign taxes. Write "Foreign Taxes Paid" next to the amount entered on Line 8.
- If you choose to take a credit please refer to the 2015 Foreign Tax Paid Information statement for instructions on how to take the credit. This statement is expected to be mailed out by us in February 2016.
Box (8) - CASH LIQUIDATION DISTRIBUTIONS
For all liquidated funds (except money funds) during 2015, your gross proceeds from your liquidation is reported in this box. This information will not be reported on Form 1099-B.
Box (10) - EXEMPT-INTEREST DIVIDENDS
Shows exempt-interest dividends from a mutual fund paid in 2015.
Include the amount on Form 1040, line 8b as tax-exempt interest.
Box (11) - SPECIFIED PRIVATE ACTIVITY BOND INTEREST DIVIDENDS
Shows exempt-interest dividends subject to the Alternative Minimum Tax (AMT). This amount is included in Box 10. See the instructions for Form 6251.
Box (12) and (13) - STATE AND STATE IDENTIFICATION NUMBER
Shows state where the account owner resided at the time of the trade and state identification number from which state taxes were withheld. If no state withholding amount is applicable, this box will be blank.
Box (14) - STATE INCOME TAX WITHHELD
Amount of state taxes withheld if you were subject to backup withholding.