2024 IRS Tax Season 1099 Forms

As a reminder, dividends distributed by the Cape Fox Shareholder Tináa Trust (“Trust”) are tax-free to beneficiaries. If you are a Cape Fox Corporation (“CFC”) shareholder, you are also a Trust beneficiary. Since dividends are tax-free, you will not receive a 1099 from these distributions for the 2024 IRS tax season. However, please note that any prizes you won exceeding $600.00 during the 2024 calendar year are taxable. Therefore, you will receive a 1099 if you won prizes that exceed $600.00 in the 2024 calendar year. We hope this information helps you file your taxes.

A letter titled “2024 IRS Tax Season 1099 Forms” was mailed to all CFC shareholders on Friday, January 31, 2025, which explains this information in detail. Please allow 7 to 14 days for your notice to arrive at your mailing address. If you do not receive your notice, please ensure your mailing address is up to date on www.MyCapeFox.com.