You may be able to reduce your 2020 income taxes in connection with foreign income tax paid by Macquarie Global
Infrastructure Total Return Fund
For the calendar year 2020, Macquarie Global Infrastructure Total Return Fund paid foreign income taxes on
a percentage of the dividend and interest income earned on investments in several countries. You may be able to
use these foreign taxes to take either a tax credit (provided you have met the minimum holding period
requirements*), or a deduction on your 2020 federal income tax return. This may allow you to reduce or eliminate
any double taxation on your foreign earnings. This tax benefit is an option only if you held shares
of Macquarie Global Infrastructure Total Return Fund (any class) in a taxable account in 2020.
Management strives to reclaim foreign taxes withheld in countries where it invests. However, some countries
limit or do not allow reclaims by a fund. Taxes that are withheld and cannot be reclaimed are considered paid by
a fund. Your proportionate amount of foreign taxes paid appears on line 6 of Form 1099-DIV (foreign taxes are
reported in the "foreign tax paid" column and also included in the "total ordinary dividends" column).
* Must have held shares in the Fund for at least 16 days during the 31-day period beginning on the date that is
15 days before the date on which such share becomes ex-dividend with respect to such dividend to be entitled to
the foreign tax credit.
Receiving a tax credit
If the total amount of your foreign tax paid on IRS Forms 1099-DIV or certain other payee statements is more
than $300 (more than $600 if married and filing jointly) and you wish to receive a tax credit, please use the
information on Form 1099-DIV to determine your foreign tax paid and foreign source income. You will need to
disclose this information on Form 1116. Corporations should use IRS Form 1118.
If the total amount of your foreign tax paid on IRS Forms 1099-DIV or certain other payee statements is $300 or
less ($600 or less if married filing jointly) and you meet certain other requirements, you can claim the foreign
tax credit on Schedule 3 (Form 1040), line 48, without filing IRS Form 1116. Please consult your tax advisor or
read the instructions included with IRS Form 1040 and IRS Form 1116 to see if you qualify.
Claiming foreign tax payments as a deduction
If you wish to claim the taxes paid as a deduction, rather than a credit, simply list the total foreign taxes
paid with other itemized deductions on Schedule A of your individual income tax return.
Please consult your tax advisor to help you determine whether a tax credit or deduction is more advantageous to
your personal situation and for help completing the appropriate IRS forms and/or schedules. Tax forms and
schedules can be obtained directly from the IRS.