Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Anyone have FNMIX in taxable portfolio?
Old 04-07-2012, 03:04 PM   #1
Thinks s/he gets paid by the post
MooreBonds's Avatar
 
Join Date: Aug 2004
Location: St. Louis
Posts: 2,091
Anyone have FNMIX in taxable portfolio?

Back before I was taking too close of a look at what was in which portfolio, I'd simply have a list handy of stocks/funds that I had heard recommended, which I had looked into, and which I liked...and when I accumulated a bit of cash to deploy, I'd look at the list to see what to buy next.

A year or two ago, I ended up buying FNMIX (Fidelity New Markets Income fund) in a retirement account. As I've gone through my accounts to move all of my international holdings to taxable accounts (to utilize the foreign tax credit on my income taxes), I've been unable to figure out if FNMIX pays any foreign taxes (which would show up on your 1099 each year).

I've looked at the website for the fund, but can't find any references to any foreign tax payments/credits - just the amount of the dividend it pays out.

Anyone able to help shed some light on the subject for me from their 1099 summary?
__________________

__________________
Dryer sheets Schmyer sheets
MooreBonds is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-07-2012, 07:26 PM   #2
Thinks s/he gets paid by the post
JPatrick's Avatar
 
Join Date: Jun 2005
Posts: 2,494
Quote:
Originally Posted by MooreBonds View Post
Back before I was taking too close of a look at what was in which portfolio, I'd simply have a list handy of stocks/funds that I had heard recommended, which I had looked into, and which I liked...and when I accumulated a bit of cash to deploy, I'd look at the list to see what to buy next.

A year or two ago, I ended up buying FNMIX (Fidelity New Markets Income fund) in a retirement account. As I've gone through my accounts to move all of my international holdings to taxable accounts (to utilize the foreign tax credit on my income taxes), I've been unable to figure out if FNMIX pays any foreign taxes (which would show up on your 1099 each year).

I've looked at the website for the fund, but can't find any references to any foreign tax payments/credits - just the amount of the dividend it pays out.

Anyone able to help shed some light on the subject for me from their 1099 summary?
I hold it in a taxable account and I show a cap gain in December, but no foreign taxes paid for 2011.
__________________

__________________
JPatrick is offline   Reply With Quote
Old 04-08-2012, 10:44 PM   #3
Dryer sheet wannabe
aleabo's Avatar
 
Join Date: Jan 2012
Posts: 14
Quote:
Originally Posted by MooreBonds View Post
Back before I was taking too close of a look at what was in which portfolio, I'd simply have a list handy of stocks/funds that I had heard recommended, which I had looked into, and which I liked...and when I accumulated a bit of cash to deploy, I'd look at the list to see what to buy next.

A year or two ago, I ended up buying FNMIX (Fidelity New Markets Income fund) in a retirement account. As I've gone through my accounts to move all of my international holdings to taxable accounts (to utilize the foreign tax credit on my income taxes), I've been unable to figure out if FNMIX pays any foreign taxes (which would show up on your 1099 each year).

I've looked at the website for the fund, but can't find any references to any foreign tax payments/credits - just the amount of the dividend it pays out.

Anyone able to help shed some light on the subject for me from their 1099 summary?
I have FNMIX and it didn't show any foreign taxes paid for 2011
__________________
aleabo is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How many countries have you been to? Midpack Other topics 109 11-30-2012 03:21 PM
If you have international equity... Lsbcal FIRE and Money 19 04-11-2012 01:41 PM
Have enough for 4% SWR Retire2013 Other topics 37 04-08-2012 10:11 PM
Anyone used "Happy Feet" Insoles? Are they worth the $$? Amethyst Other topics 6 04-08-2012 10:16 AM
Is anyone sad that the stock market is going up? FUEGO Young Dreamers 45 04-07-2012 01:46 PM

 

 
All times are GMT -6. The time now is 07:22 AM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.