Fidelity tax forms

[audreyh1]

The details on foreign tax paid by specific Fidelity mutual funds finally became available today.

 

[LOL!]

The details on foreign tax paid by specific Fidelity mutual funds finally became available today.

This link with the Fidelity numbers was posted last week on Bogleheads:
https://advisor.fidelity.com/app/literature/view?itemCode=842883&renditionType=pdf&pos=R

Did Fidelity give you this link or something else?

 

[eytonxav]

We've started filing in early February because of the growing risk of fraud/identity theft. Filing an amended return if something shows up later is not really a big inconvenience by comparison.

+1, that has been my approach for several years now.

 

[audreyh1]

This link with the Fidelity numbers was posted last week on Bogleheads:
https://advisor.fidelity.com/app/literature/view?itemCode=842883&renditionType=pdf&pos=R

Did Fidelity give you this link or something else?

That's a different document. May have the same information. That document has a lot more funds listed and is supplying more info than foreign income.

The link I was waiting for is on this page under foreign source income: https://www.fidelity.com/taxes/fidelity-mutual-fund-tax-information

And this is the PDF, it starts with instructions: https://www.fidelity.com/bin-public...dual-investors-foreign-tax-paid-info-2015.pdf

 

[Neill]

I had figured my delay in 1099-DIV etc was due to the determination of how much of the VNQ dividend is reclassified as 'non-dividend distribution'. AKA return of capital.
My 1099-DIV appeared a few days ago, no longer preliminary. VNQ the only ETF with return of capital.
Today Schwab sent me mail saying they reclassified dividends from a bunch of my ETFs. The only stuff in taxable is SCHC and SCHF. 19.5% of SCHC's dividend becomes non-taxable (well not until I sell) return of capital. A little under 1% of SCHF's was return of capital.
So I assume my not preliminary 1099-DIV will have to be updated. Well it better as it's not a small amount taxed at often bad levels.
Luckily I learned many years ago never to file my taxes early.

 

[Neill]

Fidelity tells me that I will be getting a new 1099-DIV with a restatement like this.

 

[LOL!]

VNQ (REIT index) is reasonably tax inefficient, so I hold my shares in tax-advantaged accounts and not in a taxable account.

 

[Neill]

VNQ (REIT index) is reasonably tax inefficient, so I hold my shares in tax-advantaged accounts and not in a taxable account.

How does that work out when you're taxable account is six times bigger than your tax deferred and tax free accounts . I don't really have a choice. Return of capital helps a lot.

 

[MichaelB]

Update

Received an email from Fidelity that the updated tax form is available and just finished downloading. I imagine the data is also available to input into TurboTax.