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Tax Resource Center

1099-DIV Dividends and Distributions

Form 1099-DIV is a record of all taxable capital gains and dividends paid to you during a given tax year. It will not be sent for accounts with dividends under $10, but keep in mind that you may need to report them.

Who Gets It

Shareholders who earned taxable dividends and/or capital gain distributions; and shareholders who earned federal tax-exempt dividends in the Thrivent Municipal Bond Fund.

Additionally, expect to receive a 1099-DIV if you:

  • had dividends and capital gain distributions paid to a taxable account
  • earned tax-exempt dividends in the Thrivent Municipal Bond Fund
  • had federal income tax backup withholding
  • had return of capital distributions in a mutual fund

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 and Thrivent Growth and Income Plus Fund.

What's In It

Taxable dividends and capital gains; federal income tax withheld; federal tax-exempt dividends; return of capital distributions, the amount of earnings subject to alternative minimum tax (AMT); and backup withholding on tax-exempt dividends.

How To Use It

Complete your IRS Form 1040 and Schedules B and D, depending on your situation. Be sure to talk to your tax advisor.


1099-DIV Tax Form Information

Below are descriptions of the boxes on Form 51099-DIV. Refer to IRS Form 1040 Instructions 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.

 

Box 1a—Total ordinary dividends

Reports taxable dividends and short-term capital gains. Short-term capital gain distributions are reported in this box because they are included in ordinary income for tax purposes.

  • How to report on your 1040 tax return
    • Ordinary dividends: IRS Form 1040 or 1040A, Line 9a
    • If dividends were more than $1,500, complete Schedule B or Schedule 1
    • For state income tax purposes, a number of states allow "pass-through" treatment of mutual fund dividends derived from U.S. government obligations. Click here more information.

 

Box 1b—Qualified dividends

Reports the amount of dividends that may qualify for lower tax rates. The amount shown in Box 1b assumes the shareholder has met the 61-day holding period required for dividends to be qualified. The shareholder is responsible for determining if the holding period was met and adjusting the amount accordingly. Use your December 31 statement to determine if your holding period has been met. See the IRS Form 1040 Instructions for more information.

Dividends qualify for the lower tax rates to the extent that the mutual fund has received qualified dividend income from domestic corporations and certain foreign corporations.

 

Box 2a—Total capital gain distributions

Reports total long-term capital gain distributions.

  • How to report on your 1040 tax return
    • Line 13 - Use Schedule D, if required (See Form 1040 instructions for when Schedule D is required)
    • Complete Part II of Schedule D for long-term and qualified capital gains

 

Box 2b—Unrecaptured Section 1250 gain

Will only apply to the Thrivent Diversified Income Plus and Thrivent Growth and Income Plus Funds. The amount reported in Box 2b, if any, is unrecaptured Section 1250 gain of certain depreciable real property.

 

Box 3—Nondividend distributions

Reports a nondividend distribution due to a return of capital. The Diversified Income Plus, and Growth and Income Plus Funds may have a return of capital distribution.

 

Box 4—Federal income tax withheld

Reports the amount withheld from any dividend or capital gain distributions earned on your account as a prepayment of your federal income tax. 

  • How to report on your 1040 tax return
    • Line 64 - Form 1040
    • Line 40 - Form 1040A

 

Box 6—Foreign tax paid

Reports foreign taxes paid on foreign investments. Historically, Thrivent Mutual Funds has not passed through foreign tax credits to shareholders.

  • How to report on your 1040 tax return
    • Line 48, or Schedule A - line 8, but first see instructions for line 48

 

Box 8—Cash liquidation distributions

Shows liquidation distributions paid in cash.

 

Box 10—Exempt-interest dividends

Reports the amount of federal tax-exempt dividends earned on your account in the Thrivent Municipal Bond Fund. However, dividends still may be taxable at the state level. See Federal Tax-Exempt Dividends for Thrivent Municipal Bond Fund for more information.

Federal taxable dividends for the Thrivent Municipal Bond Fund earned on your account are reported on Form 1099-DIV in Box 1a.

 

Box 11—Specified private activity bond interest dividends

Reports the amount of federal tax-exempt dividends subject to the alternative minimum tax (AMT). The portion of earnings subject to the AMT calculation comes from the fund's investment in private activity municipal bonds. Earnings from these bonds are a preference item for the AMT calculation. See Federal Tax-Exempt Dividends for Thrivent Municipal Bond Fund for more information.

 

Box 12-14—State information

Reports information concerning state income tax withheld. Your state information will display only if state tax withholding was taken.

 

 

Based on 2016 IRS Form instructions. Subject to change.