• Tax Center

2016 Madison Funds Tax Information

Madison Funds tax forms were mailed on January 23, 2017. You can view your 2016 tax information by accessing your account via Account Access.  After signing in, you will find the “View Tax” option in the fund-level drop down menu on the “Shareholder Portfolio” page. This option will only display for funds that had taxable events.  Note: The IRS does not require your mutual fund tax form to accompany your tax return. 

Helpful Reminders 

  • You will not receive a Form 1099-DIV if you have taxable ordinary dividends for any fund totaling $10 or less. You must still include these dividends on your income tax return. The dividends are shown in the "Income and Capital Gains Summary" section of your 2016 year-end investor statement mailed in early January. 
  • IRS Form 5498 and 5498-ESA (which reports the Fair Market Value of contributions made to qualified-plan retirement accounts and Coverdell Education Savings Accounts (ESAs) through April 17, 2017 for the 2016 tax year) will be mailed to you in May 2017 and April 2017 respectively. As of December 31, 2016, the Fair Market Value of these accounts was noted on your year-end investor statement. 
  • Madison Funds has prepared tax inserts that may accompany your tax forms:
    1. Information for Form 1099-DIV
    2. Additional Information for Form 1099-DIV Tax-Free National and Tax-Free Virginia Funds
  • You can download your tax information from your Madison Funds account into TurboTax® and H&R Block® Tax Software once the information is released.  You can quickly import your fund-related information from three tax forms: 1099-DIV, 1099-B and 1099-R.  Simply follow the instructions provided with your tax software product.  

Feel free to contact your financial advisor or Shareholder Services at 1-800-877-6089 if you have any questions regarding your Madison Funds account.

 

Capital Gain Distributions

Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios.  Mutual funds are required to distribute the net realized gains from these sales to shareholders each year. For the year-ended December 31, 2016, the capital gains distributed by the Madison Funds are as follows:

 

Distribution of Ordinary Income Dividends

When mutual funds earn interest or dividends from securities held in their portfolios, it subtracts fund expenses and passes this “ordinary income” on to shareholders.  Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions.

2017 Distribution Calendar
The distribution schedule for year-end ordinary income dividends and capital gains for the Madison Funds is noted below. Click here to view our printer-friendly version.