IRA Custodial Documents

General Tax Questions

When are tax forms mailed and do I receive one every year?

Most tax forms are mailed between January 31 and February 15 for the prior tax year. The type of account you have and the activity in your account will determine which tax form(s), if any, you will receive. A tax form will be generated if you made a transaction or if you received $10 or more in dividends and/or capital gain distributions in each fund.

How can I receive a duplicate of a tax form that was sent to me?

You can get your tax forms faster by signing up to receive your tax forms through our e-Delivery service. You can sign up for this feature online when you access your account at www.prudential.com/login. Once online, select the "Mutual Funds" tab and then click on "E-Delivery Preferences" and complete your updates.

While online, you can also take advantage of e-Delivery for mutual fund statements, transaction confirmations, and shareholder reports. In addition, you can print a copy of your recent tax forms online.

You may also obtain a duplicate tax form by calling the Prudential Mutual Fund Service Center at (800) 225-1852.

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Capital Gains Questions

What is a capital gain?

A capital gain occurs when a mutual fund manager sells a security in the portfolio that has increased in value. A capital gain is also realized when you sell a capital asset, such as a stock or bond, for more than what you paid.

What is a long-term capital gain?

It's a gain on an investment that has been held for more than one year. The maximum tax rate for a long-term capital gain is 20% plus an additional 3.8% Medicare tax for certain individuals.

What is a short-term capital gain?

It's a gain on an investment that has been held for one year or less. Short-term capital gains are taxed at the same rates as ordinary income and interest. Tax rates for short-term gains can range as high as 37% plus an additional 3.8% Medicare tax for certain individuals.

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Cost Basis Reporting

The Internal Revenue Service (IRS) requires transfer agents, such as Prudential Mutual Fund Services LLC (PMFS), to report a shareholder's adjusted cost basis and gross proceeds for mutual fund shares acquired on or after January 1, 2012, that are redeemed in non-retirement accounts. The regulations also require PMFS to report whether a gain or loss is short-term (held one year or less) or long-term (held more than one year) for all purchases made on or after January 1, 2012 that are subsequently redeemed. 
Note: The cost basis regulations do not affect retirement accounts, money market accounts, and shares acquired before January 1, 2012.

What is cost basis?

Cost basis is the original value of an asset for tax purposes (usually the gross purchase amount), adjusted for stock splits, reinvested dividends, and return of capital distributions. This value is used to determine the capital gain (or loss), which is the difference between the asset's cost basis and the gross proceeds when the asset is sold or exchanged.

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Turbo Tax Info

Importing Tax Data into TurboTax®

If you use TurboTax to file your tax returns you may be able to import certain tax information directly from your PGIM Investments mutual fund account into TurboTax. Here’s how to use this feature.

What Information You Can Import

For non-retirement accounts, you may import Forms 1099-B and 1099-DIV. For retirement accounts, you may import your Form 1099-R.

Getting Started

The instructions linked in the document below will provide the steps to assist you with importing your mutual fund tax-related data into TurboTax. Prudential Mutual Fund Services LLC does not support the TurboTax software. For a list of common questions and answers, please visit TurboTax at https://turbotax.intuit.com and click on “Help” and then “Frequently Asked Questions (FAQ).”

Turbo Tax Instructions

2024 Capital Gains

To assist with your year-end tax and planning, download preliminary estimates for 2024 capital gains.

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