Source of U.S. Government Income
U.S. Government securities generate income that is fully taxable at the federal income tax level but may be tax exempt at the state income tax level. As a result, any distributions you receive from funds participating in U.S. Government securities are included as taxable income on your IRS Form 1099-DIV. To find out if the income distributed by U.S. Government securities in your Oppenheimer funds is exempt from state income taxes, first consult your tax advisor. If this exemption applies in your state, you are ready to use the table below. If these dividends are not taxable in your state, you can use the table to determine how much of your distribution might be exempt from state income tax.
The table lists every Oppenheimer fund that distributed income attributable to U.S. Treasury and Agency securities. It also lists the type of security that generated the income. Finally, it lists what percentage of the income distributed by each fund was attributable to these various types of U.S. Government securities.
Simply find the Oppenheimer fund in which you invested and for which you received an IRS Form 1099-DIV and multiply the amount of taxable income indicated on that form by the appropriate percentage shown on this U.S. Government table. The resulting number will be the amount of distribution that may be exempt from income tax in the state where you reside. Funds that are organized as C Corporations will not show in this table as they do not pass through the income distributed by underlying U.S. Government securities (if any).
This table is to be used with income distributions only. Any capital gains reported on your IRS Form 1099-DIV are subject to both state and federal income tax.
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.
225 Liberty Street, New York, NY 10281-1008