Tax Forms & Statements

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In the current pandemic environment, we understand that standard IRS deadlines may shift and are prepared to adapt in accordance with any updated IRS mandates.

 

2020 Tax Forms Schedule

Tax FormPurposeEstimated
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.

  • Form 1099-DIV: Reports total ordinary, qualified, and tax-exempt interest dividends, total capital gain distributions, unrecaptured Section 1250 gain, federal income tax withheld, Section 199A dividends, foreign tax paid, return of capital (ROC) and any specified private activity bond interest.
  • Form 1099-B: Reports gross proceeds from the sale or exchange of fund shares, number of shares sold or exchanged and federal income tax withheld. This form will also provide cost basis information for applicable accounts on the sale or exchange of fund shares during the previous calendar year.
 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

Footnotes

  1. Online posting dates are subject to change. All forms will be posted by their respective IRS deadlines. Physical tax forms will be mailed within six calendar days of the online posting date but no later than the IRS deadline. 
  2. If the mailing date falls on a weekend or holiday, the deadline is usually the next business day.
  3. You may receive an updated Form 1099-B if there are any monetary adjustments to your account after your original tax form was posted.  Those will be mailed no later than the IRS deadline of Feburary 15.
  4. The IRS has extended the deadline for 2020 contributions to May 17. The mailing will take place with the new IRS deadline for Form 5498 being mailed by June 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

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  • The tax form is used by Franklin Templeton to report the following amounts paid to you by the fund during the year:

    • Ordinary dividends
    • Tax-exempt interest dividends
    • Capital gain distributions
    • Qualified dividends

    It will also report the following for your fund account:

    • Nondividend distributions (return of capital)
    • Unrecaptured Section 1250 gain
    • Federal income tax withheld (backup withholding)
    • Foreign tax paid
    • Specified private activity bond interest
    • Section 199A Dividends (box 5)


    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.

    View Frequently Asked Questions

  • 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:

    • Date of sale or exchange
    • Number (quantity) of shares sold
    • Federal income tax withheld (backup withholding)
    • Cost basis information for eligible accounts including date of acquisition, type of gain or loss, wash sale disallowed and if basis information was reported to the IRS


    A separate 1099-B will be generated for each fund account with qualifying transactions.

    View Frequently Asked Questions

  • 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.

    View Frequently Asked Questions

  • 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:

    • Ordinary income dividends (including interest-related dividends)
    • Short-term capital gain dividends
    • Long-term capital gain distributions
    • Gains from US real property interests
    • Nondividend distributions (return of capital)
    • Distributions from retirement accounts


    It will also report US federal tax withheld under chapter 3 or chapter 4 (FATCA).

    View Frequently Asked Questions

RETIREMENT & EDUCATION SAVINGS ACCOUNT TAX FORMS — IRA, ROTH, 403(b), 529, COVERDELL

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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.

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Important Legal Information

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.

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Franklin Distributors, LLC. Member FINRA/SIPC. Prior to July 7, 2021, Franklin Templeton Distributors, Inc., and Legg Mason Investor Services, LLC served as mutual fund distributors for Franklin Templeton.