• Tax Center
 

2020 Madison Funds Tax Information


Madison Funds IRS 1099 tax information is available online and tax forms mailed to shareholders on January 22, 2021.
 
You can view your 2020 tax information by accessing your account via Account Access.  After signing in, you will find the “View Tax” option in the fund-level drop down menu on the “Shareholder Portfolio” page. This option will only display for funds that had taxable events.  Note: The IRS does not require your mutual fund tax form to accompany your tax return.

Helpful Reminders:

  • You will not receive a Form 1099-DIV if you have taxable ordinary dividends for any fund totaling $10 or less. You must still include these dividends on your income tax return. The dividends are shown in the "Income and Capital Gains Summary" section of your 2020 year-end investor statement mailed in early January.
  • IRS Form 5498 and 5498-ESA (which reports the Fair Market Value of contributions made to individual retirement accounts (IRAs) and Coverdell Education Savings Accounts (ESAs) through April 15, 2021 for the 2020 tax year) will be mailed by May 31, 2021 and April 30, 2021 respectively. As of December 31, 2020, the Fair Market Value of these accounts was noted on your year-end investor statement. 
  • Madison Funds has prepared tax inserts that may accompany your tax forms:
    1. Information for Form 1099-DIV.
    2. Additional Information for Form 1099-DIV Tax-Free National and Tax-Free Virginia Funds. 
  • You can download your tax information from your Madison Funds account into TurboTax® and H&R Block® Tax Software once the information is released.  You can quickly import your fund-related information from three tax forms: 1099-DIV, 1099-B and 1099-R.  Simply follow the instructions provided with your tax software product. 

Feel free to contact your financial advisor or Shareholder Services at 1-800-877-6089 if you have any questions regarding your Madison Funds account.


Capital Gain Distributions

Throughout the year, mutual funds realize gains and losses from selling securities held in their portfolios.  Mutual funds are required to distribute the net realized gains from these sales to shareholders each year. Below are the capital gains paid by Madison Funds in 2020:
 

  Capital Gains Per Share ($)
  Short-Term Long-Term
  Madison Aggressive Allocation Fund None 0.93539724
  Madison Conservative Allocation Fund 0.09138039 0.49108014
  Madison Core Bond Fund 0.04680876 0.16571305
  Madison Covered Call & Equity Income Fund 0.16422884 None
  Madison Diversified Income Fund None 0.19807808
  Madison Dividend Income Fund  None None
  Madison High Quality Bond Fund 0.00367015 0.02765358
  Madison International Stock Fund None 0.52073244
  Madison Investors Fund 0.05389941 2.31694449
  Madison Mid Cap Fund None 0.41958612
  Madison Moderate Allocation Fund 0.10157047 0.84147657
  Madison Small Cap Fund None 0.86459398
  Madison Tax-Free National Fund None None
  Madison Tax-Free Virginia Fund None 0.00715689

 The actual distribution amounts are based on gains and losses realized by the funds through October 31.


Distribution of Ordinary Income Dividends

When mutual funds earn interest or dividends from securities held in their portfolios, it subtracts fund expenses and passes this “ordinary income” on to shareholders. Shareholders are notified on Form 1099-DIV (mailed in late January) of the actual amounts of any capital gains or ordinary income dividend distributions.


2021 Distribution Calendar

The distribution schedule for year-end ordinary income dividends and capital gains for the Madison Funds is noted below. Click here to view our printer-friendly version. 
 
Funds Distribution Frequency Declaration Date Record
Date
Ex/Reinvest/
Payable Date
Type
  • Core Bond Fund: 
         Class A (MBOAX; 110), 
         Class B (MBOBX; 210),
         Class Y (MBOYX; 6610),
         Class I  (MBOIX; 8810)
  • Diversified Income Fund: 
         Class A (MBLAX; 111), 
         Class B (MBLNX; 211),
         Class C (MBLCX; 511)
  • Tax-Free National Fund
         Class Y (GTFHX; 6397)
  • Tax-Free Virginia Fund
         Class Y (GTVAX; 6394)
Monthly 01/27/2021 01/28/2021 01/29/2021 Income
02/24/2021 02/25/2021 02/26/2021 Income
03/29/2021 03/30/2021 03/31/2021 Income
04/28/2021 04/29/2021 04/30/2021 Income
05/26/2021 05/27/2021 05/28/2021 Income
06/28/2021 06/29/2021 06/30/2021 Income
07/28/2021 07/29/2021 07/30/2021 Income
08/27/2021 08/30/2021 08/31/2021 Income
09/28/2021 09/29/2021 09/30/2021 Income
10/27/2021 10/28/2021 10/29/2021 Income
11/26/2021 11/29/2021 11/30/2021 Income
12/21/2021 12/22/2021 12/23/2021 Income & Cap Gains
  • Covered Call & Equity Income Fund: 
         Class A (MENAX; 1155),
         Class C (MENCX; 555),
         Class Y (MENYX; 6655),
         Class R6 (MENRX; 755)
  • Dividend Income Fund:
         
    Class A (MADAX; 1779),
         Class Y (BHBFX; 6401),
         Class I (MDMIX;8801)
  • High Quality Bond Fund:
         Class Y (MIIBX; 6391)
Quarterly 03/29/2021 03/30/2021 03/31/2021 Income
06/28/2021 06/29/2021 06/30/2021 Income
09/28/2021 09/29/2021 09/30/2021 Income
12/21/2021 12/22/2021 12/23/2021 Income & Cap Gains
  • Conservative Allocation Fund: 
         Class A (MCNAX; 165),
         Class B (MCNBX; 265),
         Class C (MCOCX; 565)
Quarterly 03/29/2021 03/30/2021 03/31/2021 Income
06/28/2021 06/29/2021 06/30/2021 Income
09/28/2021 09/29/2021 09/30/2021 Income
12/28/2021 12/29/2021 12/30/2021 Income & Cap Gains
  • International Stock Fund: 
         Class A (MINAX; 122),
         Class B (MINBX; 222),
         Class Y (MINYX; 6622)
  • Investors Fund:
         Class A (MNVAX; 199), 
         Class Y (MINVX; 6399),
         Class R6 (MNVRX; 796),
         Class I (MIVIX; 8899)
  • Mid Cap Fund:
         Class A (MERAX; 123), 
         Class B (MERBX; 223),
         Class Y (GTSGX; 6623), 
         Class R6 (MMCRX; 723),
         Class I (MDCIX; 8823)
  • Small Cap Fund: 
         Class A (MASMX; 124), 
         Class Y (BVAOX; 6624),
         Class I  (MSCIX; 8824)
Annual 12/24/2021 12/27/2021 12/28/2021 Income & Cap Gains
  • Aggressive Allocation Fund:
         Class A (MAGSX; 167),
         Class B (MAGBX; 267),
         Class C (MAACX; 567)
  • Moderate Allocation Fund:
         Class A (MMDAX; 166),
         Class B (MMDRX; 266),
         Class C (MMDCX; 566)
Annual 12/28/2021 12/29/2021 12/30/2021 Income & Cap Gains


Forms 8937
Form 8937 – Broadview merger into Small Cap Fund​