When you sell or transfer shares of a mutual fund from a taxable account, you may have a gain or loss. To determine the gain or loss, you need to know how much you paid for the shares. This is your cost basis — an amount that includes the following:
- Your Initial Purchase
- Additional shares you bought over time
- Any reinvested dividends and capital gains
- Return of capital and other adjustments
For shares purchased prior to January 1, 2012, the cost basis calculation is the responsibility of the shareholder. Hartford Funds provides estimated cost basis information on Form 1099-B if all information required for the calculation is available within our online records. Please see your tax advisor for questions regarding your cost basis.
Effective January 1, 2012, the IRS requires Hartford Funds to track and report cost basis information and whether gain (or loss) on a sale is short-term or long-term* on IRS Form 1099-B to shareholders and the IRS. Mandatory cost basis, which is a requirement of the Energy Improvement and Extension Act of 2008, is designed to facilitate accurate reporting of gain/loss amounts on the sales of shares of stock. It generally applies to mutual fund shares purchased on or after the January 1, 2012 effective date.
Note: Cost basis information is reported for non-qualified 1099-B reportable accounts only.
Allow 1–2 weeks from the mailing date for your tax forms to arrive in your mailbox. Also note that some forms are mailed with inserts that provide important information to help you complete your tax return. Sample inserts are provided in the table below for your convenience.
How to obtain additional copies of your forms?
You may view or print your tax forms online. You may also contact us to obtain a duplicate copy in the mail.
Need further assistance?
Contact your personal tax advisor for assistance in filling out your individual tax returns with the information on your mutual fund tax forms. If you have questions about the information on your tax forms, you may contact us.
