Capital Gains Information
Refer to www.irs.gov for detailed information on a wide range of tax issues.
Capital Gains Q&A - the basics of capital gains and how they may impact your portfolio.
1099-DIV - reports taxable dividend and capital gains distributions paid.
1099-B - reports proceeds from the redemption or exchange of mutual fund shares.
Cost Basis - provides you with a calculation of the cost of redeemed mutual fund shares and may help you calculate your capital gains (or losses).
Return of Capital - indicates which funds returned capital.
Dividend Received Deduction - gives corporate mutual fund shareholders information on ordinary dividend received exclusions.
Capital gains (or losses) may be generated when:
- A portfolio manager sells securities held by a mutual fund. These gains or losses are passed on to shareholders in the form of capital gains distributions and must be reported on your tax return (even if they are reinvested).
- A shareholder sells shares of a mutual fund. If you sell your shares for more than their cost basis, you incur a capital gain that must be reported on your tax return. If you sell your shares for less than their cost basis, you incur a capital loss for which you may be entitled to a tax deduction.
- A shareholder's cost basis in their investment is reduced to zero. If you receive distributions after getting back all of your cost (or other basis) you may need to report those future distributions as capital gains. See IRS Pub. 550, Investment Income and Expenses at www.irs.gov.
For information on how to use the capital gains information provided by OppenheimerFunds, click on any of the documents listed above. Also refer to the instructions for form 1040 and/or Schedule D - Capital Gains and Losses, available at www.irs.gov.
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