Frequently Asked Questions
- Year-End Tax Forms and Statements
- Composite Form 1099
- Form 1099-DIV
- Form 1099-B
- Cost Basis Reporting Information
- Form 1099-Q
- Form 1099-R
- Form 5498 and Form 5498-ESA
- Form 1042-S
- Tax Withholding for Retirement Accounts
- Capital Gains—Long-Term, Short-Term
- Direct U.S. Government Obligation
- Foreign Source Income/Foreign Tax Paid
- Can I request that federal taxes be withheld from a distribution from my Franklin Templeton account?
Yes, but only for distributions from certain retirement accounts with Franklin Templeton Bank and Trust (FTB&T) as the custodian.
- Can I request that state taxes be withheld from a distribution from my Franklin Templeton Bank and Trust (FTB&T)
Yes. For certain FTB&T retirement accounts, state tax may be withheld from a distribution if you reside in one of the following states:
If you reside in a state that is not listed above, only federal taxes may be withheld from your distribution.
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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