Access tax resources and strategies
Find the statements, guides and tools you need for tax filing season, as well as helpful tax planning strategies for any time of year.
Find your tax statements
The Waddell & Reed Advisors Funds and Ivy Investments offer copies of tax reporting forms online. These forms (such as 1099-DIV, 1099-B and 1099-R) will be mailed to all shareholders with reportable activity, and exact copies are available online for viewing and printing.
To view these forms:
- Log in to your account via the Access Your Account option.
- Select the Tax Documents link under the Statements heading.
If you want to view your tax forms but have not set up online access to your account, you may do so by selecting the Create User ID option on the Access Your Account page. If you need assistance, please contact Client Services at 1-888-WADDELL (1-888-923-3355).
Paying federal income taxes is one of most people’s least favorite annual activities. As a result, many people tend to procrastinate by not planning for their taxes each year and by completing and filing the forms at the last possible minute. This calculator is designed to help you estimate your annual federal income tax liability.Go to Calculator
Use tax filing resources
In this section, you will find tax guides, expected mail dates for tax forms and other special tax requirements.
Tax Information Mailing Schedule
Below is a list of the tax information you may receive and the required mail dates. The tax forms will be mailed on or before the dates listed below; please allow at least five business days for the information to arrive.
|Required Mail Date||Form||Definition|
|February 15th||Form 1099-DIV||Reports taxable dividends and capital gains.|
|February 15th||Form 1099-INT||Important change for mutual fund clients: Beginning with the 2012 tax year, you'll no longer receive Form 1099-INT. Interest dividends (including specified private activity bond interest) from tax-exempt bond funds will be reported on Form 1099-DIV.|
|February 15th||Form 1099-B||Reports proceeds from the sale of shares by either redemption or exchange from a fund other than a money market or an IRA.|
|January 31st||Form 1099-R||Reports distributions from IRA's or Qualified Plans.|
|January 31st||Form 1099-Q||Reports distributions from qualified educations programs, including Coverdell Education Savings accounts and state tuition programs.|
|End of February||Form 1099-DIV &
|The Ivy Apollo Multi-Asset Income, Ivy LaSalle Global Real Estate, Ivy LaSalle Global Risk-Managed Real Estate and Ivy Real Estate Securities Funds will not mail tax form statements (1099-DIV and 1099-B) until the end of February. Ivy Global Real Estate, Ivy Global Risk-Managed Real Estate and Ivy Real Estate Securities Funds invest predominantly in real estate investment trusts (REITs), as defined under Internal Revenue Code Section 856. Although Ivy Global Real Estate, Ivy Global Risk-Managed Real Estate and Ivy Real Estate Securities Funds will identify the total amount of distributions received from the REITs during the tax year, the Funds cannot identify the tax character of these distributions until at least January 31st of the following year, when the form 1099 information is received from the REITs in which the Funds are invested.
Please note that, in order to address the special nature of these Funds, Ivy LaSalle Global Real Estate, Ivy LaSalle Global Risk-Managed Real Estate and Ivy Real Estate Securities Funds obtain an extension of the standard date from the Internal Revenue Service each year.
|March 15th||Form 1042S||Reports taxable dividends and income tax withheld on accounts owned by nonresident aliens.|
|April 30th||Form 5498-ESA||Reports contributions and rollovers to Coverdell Education Savings Accounts.|
|May 31st||Form 5498||Reports contributions and rollovers to IRA's, Roth IRA's, SEP accounts and SIMPLE accounts.|
If you have any questions or you do not receive the appropriate tax forms, please contact a client service representative at 1-888-WADDELL (1-888-923-3355) Monday through Friday from 7:30 a.m. to 7:00 p.m. CST.
Withholding of State Income Tax
Waddell & Reed Services Company may withhold state income tax on certain distributions made from retirement accounts where Fiduciary Trust Company of New Hampshire serves as custodian.
The Plan Types that may be subject to state income tax are:
- IRAs (including Traditional, SEP, SARSEP & SIMPLE)
- Roth IRAs
- 403(b)(7) Tax Sheltered Custodial Accounts (TSAs)
- Profit Sharing and Money Purchase Plans (Keoghs)
Whether your retirement account(s) is/are subject to state withholding depends on, at the time of your distribution:
- Your tax residence is within a state that requires state income tax to be withheld;
- The distribution amount is in excess of the state's exclusion amount (if applicable).
The respective state withholding will be reported on IRS Tax Form 1099-R.
Please refer to the chart below for a current list of states for which Waddell & Reed Services Company applies the mandated state income tax on certain distributions.
|State||Withholding Amount||State Exclusions||Eligible Rollover Distributions*|
|Arkansas||3% of redemption amount||No withholding for gross distributions less than $200.00||5% of redemption amount|
|California||10% of federal income tax amount||Not Applicable||Not Applicable|
|Connecticut||6.99% of redemption amount
unless CT-W4P is received
|Roth Accounts||6.99% redemption amount
unless CT-W4P is received
|Delaware||5% of redemption amount unless W-4P is received||Not Applicable||Not Applicable|
|Iowa||5% of redemption amount||Not Applicable||5% of redemption amount|
|Kansas||5% of redemption amount||No withholding for gross distributions less than $200.00||5% of redemption amount|
|Maine||5% of redemption amount rounded to the nearest whole dollar||Not Applicable||5% of redemption amount|
|Massachusetts||5.10% of redemption amount unless M-4P is received||Not Applicable||5.10% of redemption amount unless M-4P is received|
|Mississippi||5% of redemption amount rounded to the nearest whole dollar||State withholding applicable on only Premature distributions||Not Applicable|
|Maryland||Not required||Voluntary withholding except ERD's||7.75% of redemption amount|
|Nebraska||5% of redemption amount||IRC 408 plans (IRA, SEP, SIMPLE & SARSEP)||5% of redemption amount|
|North Carolina||4% of redemption amount rounded to the nearest whole dollar||No withholding for gross distributions less than $200.00||Not Applicable|
|Oklahoma||5% of redemption amount rounded to the nearest whole dollar||Not Applicable||5% of redemption amount|
|Oregon||8% of redemption amount||$10.00 Minimum||Not Applicable|
|Vermont||24% of federal income tax amount||No withholding for gross distributions less than $200.00||24% of federal income tax amount|
|Virginia||4% of redemption amount||IRC 408 plans (IRA, SEP, SIMPLE & SARSEP)||4% of redemption amount|
*Eligible Rollover Distribution (ERD) refers to those distributions from Qualified Plans that are eligible to move between various fiduciary plan types (for example - 403(b), 401(k)) without tax consequences. These Qualified Plan types are referred to in Internal Revenue Code (IRC) 401(a) and include Profit Sharing, 401(k), Money Purchase Pension, Defined-Benefit, and ESOP. An ERD may also be from an IRC 403(b) (7) plan, which is for employees of non-profit institutions and public schools.
If an election is made to take an ERD from these plans in cash or "in kind" there is a mandatory 20% federal withholding. When this occurs, various states require withholding as indicated.
The tax information in this section of the website is for informational purposes only. It is not intended, and should not be construed, as a recommendation, or legal, tax, or investment advice. You should consult your tax advisor to answer questions about your specific situation or needs.
Form 8937 Report of Organizational Actions
Report of Organizational Actions Affecting Cost Basis
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Tax season is here. Here’s what you need to know about filing on time, extensions, refunds and, regrettably, any potential amounts due.Read More
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The tax information in this section of the website is for informational purposes only. It is not intended, and should not be construed, as recommendation, or legal, tax or investment advice. You should consult your tax advisor to answer questions about your specific situation or needs.