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2020 Tax Forms Schedule
Tax Form | Purpose | Estimated Online Posting1 | Irs deadline for mailing2 |
---|---|---|---|
Form 1099-Q | Reports payments from Qualified Education Programs under Internal Revenue Code (IRC) Section 529 for Qualified Tuition Programs (QTPs) and under IRC Section 530 for Coverdell Education Savings Accounts (CESAs). | Jan. 28 | Jan. 31 |
Form 1099-R | Reports gross distributions and any federal or state tax withheld from retirement accounts. | Jan. 28 | Jan. 31 |
Composite Form 10993 |
Combines Forms 1099-DIV and 1099-B reporting for non-retirement accounts into one form.
|
Jan. 31 | Feb. 15 |
Form 1042-S | Reports distributions of ordinary income dividends (including interest-related dividends), US federal tax withheld under chapter 3 or chapter 4 (FATCA), short-term capital gain dividends, distributions from long-term capital gains, gains from US real property interests and return of capital that are paid during the year to beneficial owners or other payees who are either non-resident alien individuals or foreign entities. This also includes distributions from retirement accounts. | Mar. 13 | Mar. 15 |
Form 54984 | Reports IRA, rollover, self-certified rollover, SEP, SIMPLE, and re-characterized contributions, Roth conversions, year-end market values and required minimum distribution (RMD) information. | May 29 | May 31 |
Form 5498-ESA | Reports Coverdell ESA contributions and rollovers. | Apr. 28 | Apr. 30 |
This page provides information about our tax forms and statements. To learn when 2020 tax forms will be available, visit our Tax Calendar.
GENERAL TAX FORMS
The tax form is used by Franklin Templeton to report the following amounts paid to you by the fund during the year:
It will also report the following for your fund account:
A separate 1099-DIV will be generated for each account. If the dividends or other distributions paid to your account were less than $10, you will not receive Form 1099-DIV for that fund unless backup withholding was withheld or the fund elected to pass through foreign tax paid. You may refer to your year-end statement for dividends that are less than $10.
The tax form is used by Franklin Templeton to report the gross proceeds (less any contingent deferred sales charge) paid to you from sales or exchanges of fund shares during the year. It also will provide the following:
A separate 1099-B will be generated for each fund account with qualifying transactions.
The Composite Form 1099 combines Forms 1099-DIV and 1099-B reporting for non-retirement accounts into one form.
The 1099-B section of the form will also provide cost basis reporting information for eligible accounts.
The tax form is used by Franklin Templeton to report the following amounts paid to beneficial owners or other payees who are either non-resident alien individuals or foreign entities by the fund during the year:
It will also report US federal tax withheld under chapter 3 or chapter 4 (FATCA).
RETIREMENT & EDUCATION SAVINGS ACCOUNT TAX FORMS — IRA, ROTH, 403(b), 529, COVERDELL
Form 1099-Q is used to report gross distributions from Qualified Education Programs under Internal Revenue Code (IRC) section 529 for Qualified Tuition Programs (QTPs) and under IRC Section 530 for Coverdell Education Savings Accounts (CESAs).
Form 1099-R is used to report distributions from traditional IRAs, Roth IRAs, 403(b) accounts and other retirement plans.
Form 5498 reports IRA, rollover, self-certified rollover, SEP, SIMPLE, and re-characterized contributions, Roth conversions, year-end market values, repayment for qualified birth or adoption distribution and required minimum distribution (RMD) information.
Form 5498-ESA is used to report Coverdell ESA contributions and rollovers.
FORM 8937 — REPORT OF ORGANIZATIONAL ACTIONS AFFECTING BASIS OF SECURITIES
The Internal Revenue Service (IRS) requires regulated investment companies (mutual funds) to report certain “organizational actions” to shareholders and the IRS, when the organizational action affects the tax basis of your shares. Form 8937, Report of Organizational Actions Affecting Basis of Securities, is posted below as required to meet these IRS reporting requirements.
Franklin Mutual Recovery Fund: Form 8937–Merger |
Templeton Constrained Bond Fund: Form 8937–Return of Capital |
Templeton International Bond Fund: Form 8937–Return of Capital |
No Forms 8937 have been issued in this tax year. |
The information contained in this tax center is not intended to be a complete discussion of all federal or state income tax requirements. This information cannot be used by an investor to avoid any income tax penalties that may be imposed under the Internal Revenue Code. Investors should seek advice from a financial and/or tax advisor about the potential tax implications of their investments in Franklin Templeton fund(s) based on their individual circumstances.