ARTICLE TAKEAWAYS
Some of the interactive worksheets request information found on Form 1099-DIV. However, because corporations do not receive that form, you can refer to the American Funds Year-End Statement to find information such as income dividends, capital gain distributions and foreign tax paid, which are reported prior to any reclassifications to return of capital and exempt-interest dividends.
To determine “Ordinary dividends,” you will need to:
The funds listed below reported a foreign interest adjustment in 2024 in accordance with Internal Revenue Service (IRS) Notice 2016-10. To determine your foreign interest adjustment amount, apply the fund’s foreign interest adjustment percentage to the sum of the ”Foreign Tax Paid“ transactions on your year-end statement.
For investors in American Funds Emerging Markets Bond Fund® and American Funds Strategic Bond Fund only:
A portion of the dividends you received (as reported under “Year-to-date: Dividends” and “Short-term capital gains” in the “Activity Detail” section of your year-end statement) was a return of capital. Refer to Form 8937: Report of organizational actions affecting basis of securities for specific return of capital amounts in 2024.
Except for American Funds Short-Term Tax-Exempt Bond Fund, American Funds Tax-Aware Conservative Growth and Income Portfolio, American Funds Tax-Exempt Preservation Portfolio, American High-Income Municipal Bond Fund®, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America® and the Tax-Exempt Fund of California®, all the income dividends on your year-end statement represent federally tax-exempt income dividends.
For American Funds Tax-Aware Conservative Growth and Income Portfolio 66.23%, 63.74%, 70.67% and 52.29% of the dividends you received in March, June, September and December 2024, respectively, were exempt-interest dividends in 2024. For American Funds Tax-Exempt Preservation Portfolio, 100% of the dividends you received in January to November 2024, and 94.87% of the dividends you received in December 2024, were exempt-interest dividends in 2024. To calculate the dividends you received, you can add together the income dividend, foreign tax paid and short-term capital gain transactions as reported under the "Year-to-date transaction history" section of your year-end statement.
For American Funds Short-Term Tax-Exempt Bond Fund, American High-Income Municipal Bond Fund, Limited Term Tax-Exempt Bond Fund of America, The Tax-Exempt Bond Fund of America and The Tax-Exempt Fund of California, all of the "income dividend" transactions on your year-end statement were exempt-interest dividends in 2024. The "special dividend" received in December 2024 was 100% taxable.
You can view or print year-end account statements online. You’ll need your company’s account number and password.
Each corporate investor’s tax situation is unique. We strongly urge you to consult a tax advisor, the IRS or your state tax authority to determine how specific tax laws apply to your organization. Contact your financial professional or call us for further assistance on your account.
U.S. corporations may be able to deduct from federal taxable income a portion of the dividends received from American Funds and Capital Group Exchange-Traded Funds. Review the Corporate dividends received deduction worksheet.
A portion of the dividends you received from American Funds and Capital Group Exchange-Traded Funds may be treated as business interest income for purposes of Internal Revenue Code Section 163(j). Review the Business interest income worksheet.