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Tax Center

In addition to your year-end statement, FAM Funds will provide you with a tax statement of your dividend and capital gains distributions on Form 1099 DIV for taxable accounts. Proceeds from a sale on a non-retirement or taxable account are reported on Form 1099-B. Proceeds from a sale on a retirement account are reported on Form 1099-R. You must report these proceeds on your taxes. We are also required to provide copies of these forms to the IRS.  

Overview of Common Tax Forms

Mailed By

Form 1099-B
Reports proceeds from the sale or exchange of non-retirement Fund shares received during the year (if you sold or exchanged shares). 

January 31, 2018

Form 1099-R
Reports distributions from retirement accounts, such as Traditional and Roth IRAs, and any Federal Income Tax withheld. 

January 31, 2018

Form 1099-Q
Reports distributions made from a Coverdell Education Savings Account. 

January 31, 2018

Form 1099-DIV
Reports ordinary dividends and capital gain distributions received in your taxable Fund account(s). IRS Rules do not require that a 1099-DIV be sent to a shareholder for amounts less than $10. 

January 31, 2018

Form 5498-ESA
Reports contributions to a Coverdell Education Savings Account. 

May 7, 2018

Form 5498
Reports Traditional and Roth IRA contributions (includes rollover contributions), and fair market values. 

May 7, 2018

 

All investing involves risk including the possible loss of principal. Before investing, carefully read the fund’s prospectus which includes investment objectives, risks, charges, expenses and other information about the fund. Please call us at 800-932-3271 or visit famfunds.com for a prospectus or summary prospectus.

Securities offered through Fenimore Securities, Inc., Member FINRA/SIPC and advisory services offered through Fenimore Asset Management, Inc.
 

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FAM Funds: Tax Center
In addition to your year-end statement, we will provide you with a tax statement. Here is an overview of common tax forms along with their mailing dates: