Business interest income worksheet

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Who are you ?

RETIREMENT PLAN INVESTOR

Use your plan ID (available on your account statement) to determine which employer-sponsored retirement plan website to use:

IF YOUR PLAN ID BEGINS WITH IRK, BRK, 1 OR 2

Visit americanfunds.com/retire

IF YOUR PLAN ID BEGINS WITH 34 OR 135

Visit myretirement.americanfunds.com

Business interest income worksheet

Corporate shareholders are allowed to treat a portion of the dividends received from regulated investment companies (RIC) as business interest income, also known as Section 163(j) interest dividend for purposes of determining their limitation on the deduction for business interest expense.

To be eligible for the business interest income treatment, the corporation must have held the shares on which the dividend was paid for more than 180 days during the 361-day period that began 180 days before the fund’s ex-dividend date (ex-date). The ex-date is the date on which the dividend is deducted from the fund’s per share net asset value. For purposes of the holding period, you may not count the day on which the shares were purchased or acquired by reinvesting dividends, but you may count the day the shares were sold. This holding period requirement does not apply to certain types of funds. See footnote 1 below.

The worksheet helps calculate the portion of each fund’s Total Ordinary Dividends that is treated as business interest income. Funds not listed in the chart below did not have any business interest income.

2020 Worksheet instructions

For each fund owned, compute the Total Ordinary Dividends received (for instructions, see Additional Information for Corporate Shareholders). Enter the result in the Total Ordinary Dividends box next to the fund’s name below, and click Submit.

Fund name Total ordinary dividends
American Balanced Fund® $
American Funds Corporate Bond Fund® 1 $
American Funds Developing World Growth and Income FundSM $
American Funds Emerging Markets Bond Fund® 1 $
American Funds Global Balanced FundSM $
American Funds Global Insight FundSM $
American Funds Inflation Linked Bond Fund® $
American Funds International Vantage FundSM $
American Funds Mortgage Fund® 1 $
American Funds Multi-Sector Income FundSM 1 $
American Funds Strategic Bond FundSM $
American Funds U.S. Government Money Market FundSM 1 $
American High-Income Trust® 1 $
American Mutual Fund® $
The Bond Fund of America® 1 $
Capital Income Builder® $
Capital World Bond Fund® $
Capital World Growth and Income Fund® $
EuroPacific Growth Fund® $
Fundamental Investors® $
The Income Fund of America® $
Intermediate Bond Fund of America® 1 $
The Investment Company of America® $
New World Fund® $
Short-Term Bond Fund of America® 1 $
U.S. Government Securities Fund® 1 $
Washington Mutual Investors FundSM $

What you will need:


1
The holding period requirements for purposes of Section 163(j) interest dividends would not apply to dividends paid by the fund.

To determine your individual tax situation, please consult your tax advisor.