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Top Tax Questions Answered

It’s tax time again. Learn how to report dividends and capital gains, view year-end distribution figures, review IRA contribution limits and more. Our online tax center provides information on capital gains distributions, supplemental tax tables, dividend distributions and more.

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1. How do I report dividends and capital gains distributions on my tax return?

We send you a Form 1099 which identifies all the distributions the fund paid to you during the tax year, and indicates whether they are ordinary income dividends or long-term capital gains distributions. Our Capital Gains Q&A provides information on common questions surrounding dividends and gains.

If you need access to historical tax forms, log in to sign up for electronic document delivery and get up to 10 years of statements, fast! 

2. Can I view my year-end distribution information for Oppenheimer funds online?

Yes, right here.

3. How do I find my Cost Basis information?

Follow these steps for viewing cost basis online:1

Please visit our Cost Basis Tax Reporting page for more information on covered and uncovered shares, and what is reported to the IRS on Form 1099-B.

4. What is the IRA contribution limit and deadline for making contributions?

For 2013, the annual contribution limit for a Traditional or Roth IRA (if eligible) is $5,500 ($6,500 for those 50 and over). The 2013 contribution deadline is 11:59 p.m., ET, Tuesday, April 15, 2014, if done online. Contributions made by mail must be postmarked by Tuesday, April 15, 2014.

5. How can I deposit my tax refund into my OppenheimerFunds account?

IRS tax refunds may be direct deposited into your OppenheimerFunds account(s). If you are depositing your entire refund into a single account, you may enter the OppenheimerFunds routing number, 101000695, and your account number into the refund section of Form 1040 or Form 1040–A. If you want to deposit your refund into two or more accounts (e.g. OppenheimerFunds, savings, checking), fill out IRS Form 8888 and indicate on Form 1040 or Form 1040-A that Form 8888 is attached.

6. Why am I getting a Form 1099-R or Form 5498?

If your retirement plan made a distribution or a rollover you may receive a 1099-R. If you contributed or made a rollover to a retirement plan you may receive a 5498. Please visit Form 1099-R and Form 5498 for more information on distribution codes as well as specific scenarios where you may receive a tax form.

7. How does withholding on retirement plan distributions work?

Withholding can be mandatory on retirement plan distributions. There are exceptions to withholding described here on Form W-4P. If withholding is not mandatory you may elect to have withholding done. You may also elect to have an additional percentage of tax withheld.

1. We cannot provide cost basis information if: Your account includes fund shares purchased before 1988; your shares are held in IRAs and other retirement accounts; or you purchased shares through a brokerage firm.


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Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008