Tax Information

UPDATE: Most tax forms were mailed on January 29, 2010.

Due to new IRS regulations, most tax forms will now be mailed by FEBRUARY 16, 2010 (see list below).   Shareholders with multiple accounts will receive their tax forms in separate envelopes.  Electronic copies for most forms will also be available through online account access near the end of February.  Please call an Investor Services Representative at 800-332-5580 if you have any questions.

Most Common Tax Forms	Description	Mailing Date
1099-DIV	Dividends/capital gains	Mailed on January 29, 2010
1099-B	Sales of mutual fund shares	Mailed on January 29, 2010
Cost Basis Statements	Cost basis of shares sold	Mailed on January 29, 2010
1099-INT	Interest income	Mailed on January 29, 2010
1099-R	Distributions from retirement accounts	Mailed on January 29, 2010
5498	IRA contributions	May 31, 2010*

*Unchanged from previous years

 

The following information is for 2009 taxes. Consult your tax advisor about how to report this information on your federal and state tax returns. Your tax advisor will need this information to prepare your taxes.

2009 Tax Information Brochure

 

Mutual funds are required to distribute net realized capital gains and income each year. We paid these amounts this year on December 18th (to shareholders of record on December 17th). This year's distribution amounts are provided in the table below. As always, the Sit Fixed-Income Funds pay regular monthly income distributions.

A Form 1099-DIV will be produced for all regular accounts (not IRAs) with Funds that paid taxable capital gains or income. This form will not be produced for accounts with holdings in the Small Cap Growth Fund or the Mid Cap Growth Fund because these Funds did not have any realized net capital gains or income.

Sit Mutual Fund	Income Distribution	Capital Gain Distribution
Mid Cap Growth	$0.00	$0.00
Small Cap Growth	$0.00	$0.00
Balanced	$0.097407	$0.00
Dividend Growth (I Class)	$0.048639	$0.00
Dividend Growth (S Class)	$0.042042	$0.00
Large Cap Growth	$0.215013	$0.00
International Growth	$0.124495	$0.00
Developing Markets Growth	$0.044129	$0.00
Global Dividend Growth (I Class)	$0.032935	$0.00
Global Dividend Growth (S Class)	$0.026181	$0.00
U.S. Government Securities	$0.00	$0.00
Tax-Free Income	$0.00	$0.00
Minnesota Tax-Free Income	$0.00	$0.00

 

 

If you're looking for past year's tax information it is now available on the Historical Tax Information page.