Form 1099-DIV

Dividends and Distributions

Why we send you this form:
We must report dividends and capital gains distributions paid on your mutual fund account. You must report all distributions declared and paid—whether in cash or reinvested—on your tax return.

Also reported on this form:

  • Non dividend distributions (return of capital). (See Box 3).
  • Federal income tax withheld from your distributions. (See Box 4).
  • Foreign taxes paid. If your fund invests overseas, a foreign government can tax your fund’s earnings. Any foreign taxes that the fund pays abroad and reports in the U.S. may be deducted from your taxes or taken as a credit. (See Box 6).
  • Exempt interest dividends. (See Box 10).
  • Specified private activity bond interest dividends. (See Box 11, the portion of box 10 that is subject to AMT).

Not on this form:

  • Dividend or capital gains distributions from accounts held under a retirement plan. Retirement account distributions are not taxed until withdrawn (except for Roth IRA distributions which, generally, are not taxed). When you receive a distribution from a retirement account, you should receive Form 1099-R.
  • Dividends paid to most foreign shareholders. See Form 1042-S for more information.

You may not receive this form if your

  • account earns less than $10 (unless taxes were withheld).
  • account is registered to a corporation or other exempt payee.
  • account is registered to a foreign shareholder. See Form 1042-S for more information.

You may also receive:

  • Form 1099-B if you redeemed shares in your mutual funds.

Related Article:

1099-B

Proceeds from Broker and Barter Exchange Transactions

Why we send you this form:

When you redeem or exchange mutual fund shares, it may result in a taxable gain or a deductible loss. Form 1099-B will be issued to you to report the proceeds from your sale, the cost basis of the shares sold and any reportable adjustments such as wash sales so that you may calculate your gain or loss. We are only required to report cost basis on covered shares to the IRS. Covered shares are shares in your OppenheimerFunds account(s) purchased on or after January 1, 2012 and subsequently sold, except in the case of Oppenheimer SteelPath funds, where covered shares are shares purchased on or after January 1, 2011, due to those funds’ C Corporation status.

The sale of covered shares, uncovered shares, and unknown shares will be reported on a single 1099-B form for each account you hold with us, where applicable. Visit Cost Basis/Capital Gains and our FAQ section for more information.

Also reported on this form are:

  • Federal income tax withheld from your distributions. (See box 4)

Learn more about Cost Basis. Please note that not all accounts are eligible to receive cost basis information. More information may be obtained from our FAQ section.

Not on this form:

  • Cost basis method. The IRS does not require us to report or display the cost basis method on the Form 1099-B. However, we provide the cost basis method for the transaction on confirmations and quarterly statements.
  • Exchanges or redemptions from accounts held under a retirement plan. You should receive Form 1099-R for any distributions from a retirement plan account.
  • Exchanges or redemptions from accounts registered to a corporation or other exempt payee. Note that S Corporations are not exempt payees.
  • Redemptions done by most foreign shareholders.

You may also receive:

  • Form 1099-DIV if your account earned dividends (even if they were reinvested).