This tax information should not be considered tax or legal advice. Please contact your legal or tax advisor for information regarding your individual situation. Neither Ivy Funds, its affiliates nor representatives provide tax advice.
IRS Resources
- General Information: (800) 829-1040 (Spanish-speaking assistance available)
- TTY/TDD Telephone Service:(800) 829-4059
- Web Site: www.irs.gov
Key IRS Publications
Forms and publications are available on the IRS website at www.irs.gov. This information is also available at your local IRS office, post office, library, or by calling (800) TAX-FORM.
- 17: Your Federal Income Tax for Individuals
- 505: Tax Withholding and Estimated Tax
- 509: Tax Calendars for 2009
- 514: Foreign Tax Credit for Individuals
- 525: Taxable and Nontaxable Income
- 550: Investment Income and Expenses
- 553: Highlights of Tax Changes
- 560: Retirement Plans for Small Business
- 564: Mutual Fund Distributions
- 571: Tax-Sheltered Annuity Plans (403(b) Plans)
- 575: Pension and Annuity Income
- 590: Individual Retirement Arrangements
- 910: Guide to Free Tax Services
- 929: Tax Rules for Children and Dependents
- 970: Tax Benefits for Education
IRS Tele-Tax Topics
IRS tax topics have recorded information on about 150 topics that answer many federal tax questions. A complete list can be found in your IRS Form 1040 Instructions or call (800) 829-4477.
Interest from U.S. Government Obligations
Some states allow taxpayers to exclude interest received by U.S. Government obligations from taxable income. The information below shows the percentage of ordinary income each fund received from three categories of U.S. Government obligations. Ordinary income is shown in box 1a on the Form 1099-DIV and includes both investment income and short-term capital gains, if applicable. Please consult your tax advisor to determine which, if any, of the obligations may be exempt under your state’s tax laws.
| Ivy Funds |
Direct U.S. Government Obligations1 |
Mortgage Backed Securities |
Repurchase Agreements |
| Asset Strategy |
1.00% |
0.60% |
0.00% |
| Balanced |
8.40% |
3.70% |
0.00% |
| Bond |
7.20% |
20.60% |
0.00% |
| Capital Appreciation |
0.10% |
0.00% |
0.00% |
| Core Equity |
0.00% |
0.00% |
0.00% |
| Cundill Global Value |
0.00% |
0.00% |
0.20% |
| Dividend Opportunities |
0.00% |
0.00% |
0.00% |
| European Opportunities |
0.00% |
0.00% |
0.00% |
| Global Bond |
1.50% |
7.80% |
0.00% |
| High Income |
0.00% |
0.00% |
0.00% |
| International Balanced |
0.00% |
0.00% |
0.00% |
| International Core Equity |
0.00% |
0.00% |
0.00% |
| International Growth |
0.00% |
0.00% |
0.00% |
| Large Cap Growth |
0.00% |
0.00% |
0.00% |
| Limited-Term Bond |
18.00% |
10.30% |
0.00% |
| Managed European/Pacific |
0.00% |
0.00% |
0.00% |
| Managed International Opportunities |
0.00% |
0.00% |
0.00% |
| Micro Cap Growth |
0.00% |
0.00% |
0.00% |
| Money Market |
2.20% |
0.00% |
0.00% |
| Mortgage Securities |
0.50% |
36.40% |
0.00% |
| Municipal Bond |
0.00% |
0.00% |
0.00% |
| Municipal High Income |
0.00% |
0.00% |
0.00% |
| Real Estate Securities |
0.00% |
0.00% |
0.00% |
| Science & Technology |
0.00% |
0.00% |
0.00% |
| Value |
0.00% |
0.00% |
0.00% |
1Due to state law, residents of California, Illinois, Iowa and Minnesota, are subject to State Income Tax on all income earned by the fund. Please consult your tax advisor for more information.
Municipal Bond Interest by State
Many states require taxpayers to include income derived from municipal bonds as taxable income for state income tax purposes. Some states allow taxpayers to exclude municipal income derived from their state of residence. The information below shows the percentage of tax-exempt earnings of the municipal funds from municipal bonds issued within each state. Please consult your tax advisor as to the reporting of dividends received from these funds as prescribed by your state’s tax laws.
| State |
Ivy Municipal Bond Fund |
Ivy Municipal High Income Fund |
| Alabama |
2.28% |
0.00% |
| Alaska |
0.00% |
0.00% |
| Arizona |
2.16% |
3.08% |
| Arkansas |
0.00% |
0.00% |
| California2 |
9.23%1 |
9.81%1 |
| Colorado |
3.31% |
5.91% |
| Connecticut |
0.61% |
0.13% |
| Delaware |
0.00% |
0.00% |
| Dist. of Columbia |
1.92% |
0.00% |
| Florida |
6.22% |
3.46% |
| Georgia |
1.50% |
0.23% |
| Hawaii |
0.00% |
2.66% |
| Idaho |
0.00% |
0.00% |
| Illinios |
3.06%1 |
7.79%1 |
| Indiana |
5.73% |
3.01% |
| Iowa |
1.93% |
0.00% |
| Kansas |
0.84% |
1.03% |
| Kentucky |
2.12% |
0.00% |
| Louisiana |
1.05% |
0.18% |
| Maine |
0.00% |
0.00% |
| Maryland |
1.48% |
0.00% |
| Massachusetts |
1.61% |
0.69% |
| Michigan |
2.46% |
4.85% |
| Minnesota |
1.67%1 |
0.00% |
| Mississippi |
1.12% |
0.00% |
| Missouri |
6.68% |
14.71% |
| Montana |
0.00% |
0.00% |
| Nebraska |
1.12% |
0.00% |
| Nevada |
1.57% |
1.44% |
| New Hampsire |
0.98% |
0.00% |
| New Jersey |
1.58% |
2.82% |
| New Mexico |
0.98% |
0.00% |
| New York |
3.71% |
1.51% |
| North Carolina |
2.24% |
0.00% |
| North Dakota |
0.00% |
0.00% |
| Ohio |
3.62% |
5.83% |
| Oklahoma |
3.87% |
1.57% |
| Oregon |
0.27% |
0.00% |
| Pennsylvania |
2.03% |
0.60% |
| Rhode Island |
0.69% |
0.00% |
| South Carolina |
0.69% |
0.04% |
| South Dakota |
0.00% |
0.00% |
| Tennessee |
0.94% |
0.00% |
| Texas |
11.22% |
14.23% |
| Utah |
0.00% |
0.37% |
| Vermont |
0.29% |
0.00% |
| Virginia |
2.65% |
6.67% |
| Washington |
2.22% |
1.58% |
| West Virginia |
0.04% |
0.00% |
| Wisconsin |
0.70% |
1.49% |
| Wyoming |
1.33% |
0.00% |
| Guam |
0.00% |
2.76% |
| Puerto Rico |
0.24% |
1.55% |
| Virgin Islands |
0.04% |
0.00% |
| Total |
100.00% |
100.00% |
1 Due to state law, residents of California, Illinois, Iowa and Minnesota, are subject to State Income Tax on all income earned by the fund. Please consult your tax advisor for more information.
2 California Residents: The information reported on Form 1099-INT for federal tax exempt dividends will also be reported to the California Franchise Tax Board.
Foreign Source Income and Foreign Tax
The following tables provide percentages of Foreign Withholding Tax and Foreign Source Income per Country.
| |
Foreign Withholding Tax
Per Country
Factor
(Apply to Box 6 of 1099) |
Foreign Source Income
Per Country
Factor
(Apply to Box 1a of 1099) |
| Canada |
9.53% |
4.77% |
| Eurosystem Countries |
66.12% |
63.43% |
| Hong Kong |
0.00% |
4.74% |
| Japan |
9.55% |
11.52% |
| Singapore |
0.00% |
6.96% |
| South Korea |
12.57% |
4.94% |
| Thailand |
2.23% |
2.73% |
| United Kingdom |
0.00% |
0.50% |
| United States |
0.00% |
0.41% |
| |
100.00% |
100.00% |
| |
Foreign Source Income % |
99.59% |
| |
Foreign Withholding Tax
Per Country
Factor
(Apply to Box 6 of 1099) |
Foreign Source Income
Per Country
Factor
(Apply to Box 1a of 1099) |
| Cyprus |
0.00% |
6.49% |
| Denmark |
0.64% |
0.73% |
| Eurosystem Countries |
91.44% |
63.22% |
| Norway |
0.00% |
4.81% |
| Sweden |
4.64% |
0.51% |
| Switzerland |
3.28% |
0.36% |
| United Kingdom |
0.00% |
23.88% |
| |
100.00% |
100.00% |
| |
Foreign Source Income % |
100.00% |
| |
Foreign Withholding Tax
Per Country
Factor
(Apply to Box 6 of 1099) |
Foreign Source Income
Per Country
Factor
(Apply to Box 1a of 1099) |
| Australia |
0.74% |
2.69% |
| Canada |
2.42% |
1.33% |
| China |
0.00% |
0.40% |
| Eurosystem Countries |
47.67% |
32.51% |
| Hong Kong |
0.00% |
0.41% |
| Japan |
2.02% |
2.34% |
| Malaysia |
0.00% |
2.28% |
| Mexico |
0.00% |
4.86% |
| New Zealand |
0.10% |
0.42% |
| Norway |
1.56% |
2.28% |
| Poland |
4.99% |
4.03% |
| Singapore |
0.00% |
1.80% |
| South Korea |
8.85% |
5.16% |
| Sweden |
3.11% |
3.84% |
| Switzerland |
6.58% |
3.72% |
| Taiwan |
21.96% |
8.65% |
| United Kingdom |
0.00% |
15.34% |
| United States |
0.00% |
7.94% |
| |
100.00% |
100.00% |
| |
Foreign Source Income % |
92.06% |
| |
Foreign Withholding Tax
Per Country
Factor
(Apply to Box 6 of 1099) |
Foreign Source Income
Per Country
Factor
(Apply to Box 1a of 1099) |
| Australia |
2.06% |
10.60% |
| Bermuda |
0.00% |
0.95% |
| Brazil |
1.69% |
0.69% |
| Canada |
1.26% |
0.64% |
| China |
0.00% |
1.70% |
| Denmark |
1.29% |
0.13% |
| Eurosystem Countries |
56.16% |
36.75% |
| Hong Kong |
0.00% |
4.31% |
| India |
0.00% |
0.75% |
| Japan |
9.14% |
6.42% |
| Norway |
6.07% |
1.06% |
| Singapore |
0.00% |
4.53% |
| Sweden |
12.78% |
2.57% |
| Switzerland |
9.55% |
2.56% |
| Taiwan |
0.00% |
2.52% |
| United Kingdom |
0.00% |
23.82% |
| |
100.00% |
100.00% |
| |
Foreign Source Income % |
100.00% |
| |
Foreign Withholding Tax
Per Country
Factor
(Apply to Box 6 of 1099) |
Foreign Source Income
Per Country
Factor
(Apply to Box 1a of 1099) |
| Australia |
0.00% |
4.71% |
| Bermuda |
0.00% |
0.19% |
| Brazil |
2.22% |
2.89% |
| Canada |
2.38% |
1.02% |
| China |
0.00% |
3.44% |
| Denmark |
1.13% |
0.18% |
| Eurosystem Countries |
62.18% |
43.57% |
| Hong Kong |
0.00% |
1.53% |
| India |
0.00% |
0.11% |
| Japan |
7.13% |
5.33% |
| Norway |
2.89% |
0.80% |
| Sweden |
4.83% |
1.94% |
| Switzerland |
17.24% |
10.95% |
| United Kingdom |
0.00% |
23.34% |
| |
100.00% |
100.00% |
| |
Foreign Source Income % |
100.00% |
Resources and Additional Assistance
TurboTax® and TurboTax for the WebSM
Fund shareholders who are registered for online account access now have the ability to download and import tax information directly into TurboTax.
The software includes the Instant Data Entry feature, which enables automated import of your 1099 investment information directly for your retirement and non-retirement accounts. Once imported, you can download this information directly into your TurboTax return. 1099-B average cost information will not be imported.
H&R Block at HomeTM
Fund shareholders who are registered for online account access now have the ability to download and import tax information directly into H&R Block at Home.
The software includes the Smart Import feature, which enables automated import of your 1099 investment information directly for your retirement and non-retirement accounts. Once imported, you can download this information directly into your H&R Block at Home return. 1099-B average cost information will not be imported.
Duplicate Tax Forms Online
Fund shareholders who are registered for online accounts can order a duplicate of any tax form that has been generated for your account for the previous tax year and have it sent to your address of record. Tax forms available include: 1099B, 1099R, 1099DIV, 1099INT, 1099Q, 1042S and 5498.
If you have questions about any of the forms you have received please call one of our Client Service Representatives toll free at 1-800-777-6472, Monday through Friday, 7:30 a.m. 7:00 p.m. CST.