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Cost basis information is not available under all circumstances. (Learn more about cost basis and how it's calculated by going to the cost basis tab.)
Please refer to the Mutual Fund Tax Form Table for the mailing dates for each form and the circumstances under which it is issued. If you haven't received a form, consider these questions: Do you qualify to receive a copy of the form based on the conditions described for issuance? Have you allowed sufficient mailing time?
If your answer to both questions is yes, please follow these instructions to view or obtain a duplicate copy of a form »
If you are registered for online access to your Hartford Funds account, you can use Turbo Tax to import tax information electronically to your federal income tax return for forms 1099-DIV, 1099-R and 1099-B. However, this feature is not currently available for Quicken.
To register for online access to your Hartford Funds account, click here ››
We can accept IRA contributions for 2020 until the tax filing deadline. If you are making a contribution by mail, the postmark must be by midnight on April 15, 2021. If you are making a contribution online, your transaction must be accepted by our system by 4:00 p.m. ET on April 15, 2021.
When a Fund’s profits from sales are greater than losses, they accumulate and contribute to the rise of the Fund’s Net Asset Value (NAV)? Each year the fund will pay out any net profit to investors, the NAV will be reduced by the amount of the distribution on ex-date.
Please note: All excess contribution requests received after the tax filing date (including extensions) will be processed in the year they are received and the removal of the funds will be reflected on the current year's tax form when it is produced.
Form 1099-DIV Frequently Asked Questions
Even though you may still be required to report this income on your return, IRS regulations do not require a Form 1099-DIV on taxable income less than $10. This dividend information is included in your year-end statement.
Yes. The IRS treats these distributions as income, even if they're reinvested.
Federal law generally requires us to withhold a percentage of any distribution, redemption or exchange, if we do not have your correct and certified Social Security or Taxpayer Identification Number or if the IRS has instructed us to do so. If you believe your withholding was incorrect, please contact us at 888-843-7824.
You will receive a 1099-DIV if you receive ordinary dividends, capital gains, return of capital distributed by Hartford Funds and/or tax-exempt dividends.
Qualified dividend information can be found on the insert for the 1099-DIV form that are posted in the taxcenter under year end tax information.
Form 1099-B Frequently Asked Questions
In an exchange, you are selling shares of one fund and buying shares of another. Form 1099-B must be issued to report the sale.
Cost basis is the total amount of purchases, including reinvested dividends and capital gains, in your account. The cost basis is used to determine any gains or losses on the sale of your shares. Cost basis amounts are adjusted each time shares are purchased or sold. (Learn more about cost basis and how it's calculated by going to the cost basis tab.)
Please note: All cost basis and gain / loss information is calculated with the information that is available to us. You may need to make adjustments to your cost basis that we are not aware of. You are ultimately responsible for the accuracy of your tax return.
Capital gains or losses occur when you sell or exchange shares. The gain or loss shown on your Form 1099-B is the difference between the cost basis of your shares and the amount at which they were sold. The gain/loss information which is not reported to the IRS is an estimate. It is your responsibility to accurately report information on your tax return.
Example: Mary Smith invests $1000 into her mutual fund account and later receives a $100 dividend, which is reinvested. Her cost basis is $1100 She then sells all her shares and receives a check for $1300 Mary has realized a capital gain of $200, which must be reported on her tax return.
Even though you may still be required to report this redemption on your return, IRS regulations do not require a form 1099-B on redemptions of less than 1.000 (or one) share if the gross proceeds are less than $20. This redemption information is included in your year end statement.
Form 1099-R Frequently Asked Questions
Yes. Even though the transaction may not be taxable, the IRS requires all distributions to be reported. Your Form 1099-R will show the redemption. If you return the money within 60 days, you will also receive Form 5498 indicating a "rollover purchase" which offsets the distribution. As a reminder, 5498's are not mailed until May and are not required in order for you to file your tax return.
Yes. Your state of residence when you take distributions is listed on the 1099-R, so if you took a distribution while living in one state, and then took another distribution while living in another state, you will receive separate 1099-Rs for the distributions you took in each state.
If your redemption was used for a qualified expense, you may want to consult with your tax advisor. The shareholder is responsible for reporting to the IRS how a redemption was used for qualified expenses.
Form 1099-Q Frequently Asked Questions
To figure earnings and basis, you may use the Coverdell ESA-Taxable Distributions and Basis worksheet in IRS Publication 970, which can be found at www.irs.gov or by calling the IRS at (800) 829-1040.
The IRS link will open in a separate window. The Hartford assumes no responsibility for content on third-party sites.
Form 5498 Frequently Asked Questions
IRA rollovers are reported in the calendar year in which they occur. This rollover will be reflected on the Form 5498 that you will receive next year.
The IRS requires that we report SEP and SIMPLE contributions in the year they are received, regardless of the tax year for which they are made.
The deadline for making IRA contributions for the previous year is the tax filing deadline (generally April 15). As a result, form 5498 cannot be issued before that date. Receipt of this form is not required to complete your taxes.
If you have exceeded the IRS contribution guidelines for your plan type and are in an "over-contribution" status, you can request the excess funds be removed by completing the appropriate Return of Excess Contribution Form within Hartford Funds Forms and Literature
Form 5498-ESA Frequently Asked Questions
Contributions to the Coverdell ESA are not tax deductible. However, the growth is tax deferred and qualified distributions are federal income tax free.
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