Mutual Fund Tax Guide
This Tax Guide provides basic information about taxes; including an explanation of each tax form, frequently asked questions and answers, and where to go for further information. To download the guide click here. This Tax Guide is for informational purposes only and to assist you in your tax planning. Calamos Investments is not responsible for this content and recommends you consult your legal or tax advisor who can best assist you in preparing your tax return.
2015 Capital Gains Estimated
Calamos announces the mutual funds that are anticipated to make capital gains distributions in 2015. For a list of long- and short-term estimated capital gains click here.
2014 Closed-End Fund Form 8937 – Organizational Actions
Download the Calamos 8937 form for the organizational actions in Calamos Global Total Return Fund (CGO), Calamos Global Dynamic Income Fund (CHW) and Calamos Strategic Total Return Fund (CSQ) for returns of capital distributions during the fiscal year ended 10/31/2014 (Calamos Convertible Opportunities and Income Fund (CHI) and Calamos Convertible High Income Fund (CHY) did not have returns of capital distributions during the period). To download the return forms click here.
2014 Undistributed Capital Gains—Form 2439
For tax information on Calamos Convertible Opportunities and Income Fund’s undistributed capital gains in 2014, click here. For a guide with basic information on Form 2439 and reporting this on tax returns, click here. This Tax Guide is for informational purposes only and to assist you in your tax planning. Calamos Investments is not responsible for this content and recommends you consult your legal or tax advisor who can best assist you in preparing your tax return.
Beginning January 2012, the Internal Revenue Service cost basis reporting regulations will take effect for mutual fund accounts.
For more information, including how to calculate gains or losses on a redemption or exchange click here.
Tax forms, publications and instructions are available for download from the IRS Web site.
You'll need to know the character of your distributions to prepare your taxes. Income distributions are income you received as a result of a regular fund distribution paid from fund earnings. Capital gains distributions are paid to shareholders of a fund out of the capital gains from the sale of the holdings in the fund's portfolio. Qualified dividends are dividends that are taxed at a lower rate of 15%, or 5% for those in the 15% or lower tax bracket, rather than the higher marginal rates applicable to ordinary income.
Income you earn from your mutual funds and closed-end funds may be taxed by the IRS. These links will take you to information about income, capital gains and qualified dividends issued by your funds.