Important tax information
Mail by June 1, 2021
Mail by April 30, 2021
Reports all Coverdell Educational Savings Account contributions for the 2017 tax year.
Mail by March 15, 2021
Reports taxable dividends and income tax withheld on accounts owned by nonresident aliens.
2021 Estimated Spillback Distribution Information
2021 Estimated Spillback Distribution Information Spillback distributions are taxable in the year received, even though they represent ordinary income and/or capital gains earned by the funds in the previous year. Available March 2021.
Mail by February 16, 2021
Reports redemption proceeds from sales or exchanges made in BNY Mellon non-retirement mutual fund accounts (except money markets). Accounts requiring both Form 1099-B and Form 1099-DIV will be mailed by this date.
Mail by February 1, 2021
Reports distributions from Coverdell ESA accounts.
Reports distributions from retirement accounts.
Reports taxable income and capital gain distributions over $10. Accounts without a required form 1099-B will be mailed by this date.
The IRS offers several informative booklets covering the entire range of federal income taxation. One of the most useful is IRS Publication 564, Mutual Fund Distributions and Cost Basis. All of these publications are available free of charge by calling 1-800-TAX-FORM. You may also visit the IRS Web site at www.irs.gov for publications, forms, and other tax information. And, of course, if you have any questions, please call us at 1-800-373-9387.
The information set forth here is general in nature and does not constitute tax advice. Specific questions should be discussed with your tax advisor.