Tax Forms by Account Type

Below shows you the IRS tax forms and other account information you can expect to receive from Homestead Funds. Copies of tax forms and statements are also available online when you log in to your account. Year‐end account statements are not filed with the IRS, although some of the information found there is reported on other tax forms, such as year‐end IRA account balances and distributions.

1099-DIV: Dividends and Distributions

  • This form reports dividend and capital gains distributions paid by each fund during the year. Shareholders with dividend and/or capital gains distributions or exempt‐interest dividends will receive this form. Dividend and capital gains distributions are generally taxable whether received in cash or reinvested.

1099-B: Proceeds from Broker and Barter Exchange Transactions

  • This form reports redemptions from sales or exchanges of shares in taxable accounts and cost basis for tax reporting. Shareholders with redemption activity (except for money market funds) will receive this form.

1099-R: Distributions from Pensions, Annuities, Retirement or Profit‐Sharing Plans, IRAs, Insurance Contracts, etc.

  • This form reports distributions from retirement plan accounts and IRAs (including direct rollover distributions, excess contribution removals, IRA conversions and IRA re‐characterizations). Shareholders who made distributions from retirement accounts will receive this form.

Form 5498: IRA or ESA Contribution Information

  • This form reports any contributions, rollovers, conversions and re‐characterizations made to an IRA or ESA account during the year. Shareholders who made contributions to retirement accounts will receive this form.

1099-Q: Payments from Qualified Education Programs (Under Sections 529 and 530)

  • This form reports distributions from qualified education expenses, including qualified tuition programs and Coverdell Education Savings Accounts (ESAs). Beneficiaries who have made distributions for qualified education expenses will receive this form.

Form 5498: IRA or ESA Contribution Information

  • This form reports any contributions, rollovers, conversions and re‐characterizations made to an IRA or ESA account during the year. Shareholders who made contributions to retirement accounts will receive this form.

Homestead Funds does not offer legal or tax advice. Please consult the appropriate professional regarding your individual circumstance.