Tax Resource Center

1099-B Nonqualified Distributions

Form 1099-B reports the sale of mutual fund shares and related cost basis information. In most cases, you’re required to use the information on this form to determine your gain or loss on the sale of your mutual fund shares. Please note that Thrivent Mutual Funds does not report average cost information for non-covered shares to the IRS.

Who Gets It

Shareholders who redeemed shares or exchanged shares to another fund from non-tax-deferred accounts for mutual funds with fluctuating share prices.

When It's Mailed

Thrivent Mutual Funds targets mail dates by January 31st and mid-to-late February for Thrivent mutual funds that invest in REITs (real estate investment trusts): Thrivent Diversified Income Plus Fund, Thrivent Growth and Income Plus Fund and Thrivent Multidimensional Income Fund.

What's In It

Redemption transaction information including systematic withdrawals and exchanges; redemption trade date and redemption amount; federal income tax withheld and cost basis information.

Cost Basis Method and Gain/(Loss)

The Cost Basis Method and Gain/Loss columns on Form 1099B are not reported to the IRS and are included for your information only. The Cost Basis Method column indicates the method used to calculate cost basis. The Gain/(Loss) column contains the gain or loss amount for the any wash sales or sales load basis deferral adjustments occurring within the same account. There may be other adjustments that you will need to make to the cost basis for activity between different accounts. See your tax advisor for more information.

How To Use It

Calculate capital gains or losses on IRS Form 8949 and Schedule D.


1099-B Tax Form Information

Refer to IRS Form 8949 Instructions, IRS Publication 551 and IRS Publication 550 for more information. At Thrivent Mutual Funds, we recommend you consult your tax advisor to make sure you’re getting the most out of your investments. Thrivent Mutual Funds and their representatives cannot provide legal or tax advice.