tax purposes and shareholders will receive a Form 1099-DIV
. In connection with Apollo's conversion to a corporation, Leon Black, founder, chairman and CEO Josh Harris, co-founder and senior managing director, Marc Rowan, co-founder and senior managing director, and several other Apollo senior executives announced their intention to set aside a portion of their equity stakes towards charitable giving.
To start, the investor will receive a Schedule K-1, Partner's Share of Income, Deductions, Credits, etc., listing the annual flowthrough tax information as opposed to a Form 1099-DIV
, Dividends and Distributions, which is received when investing in a corporation.
There are many types of 1099s, though some of the most popular ones -- the 1099-DIV
, 1099-B and 1099-R -- report dividends, capital gains and other income from investments or retirement accounts.
The Fund will send individual stockholders a Form 1099-DIV
for the calendar year that will tell them how to report these distributions for federal income tax purposes.
The final determination of the source and tax status of all 2018 distributions will be made after the end of 2018 and will be provided on Form 1099-DIV
The specific tax characteristics of the distributions will be reported to stockholders on Form 1099-DIV
after the end of the calendar year and in the company's periodic reports filed with the Securities and Exchange Commission.
And that includes distributions from mutual funds that are designated as long-term capital gain on 1099-DIV
forms [see UPIA Sec.
Foreign stock funds will report taxes paid via withholding on Form 1099-DIV
. Then, investors may be able to claim a foreign tax credit up to $300 a year ($600 for couples filing jointly) directly on their Form 1040.
* 1099-INT and 1099-DIV
showing interest and dividends earned from financial accounts.
All shareholders with taxable accounts will receive written notification regarding the components and tax treatment for all 2015 distributions in early 2016 via Form 1099-DIV
The new Import features make 1099-DIV
process even faster.