Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Greetings from The Last Frontier
Old 03-24-2022, 05:14 PM   #1
Confused about dryer sheets
Join Date: Mar 2022
Location: Anchorage
Posts: 4
Greetings from The Last Frontier

I live in Alaska. With global warming Iím concerned that my igloo will melt and I will be homeless. Thankfully Iím already retired and the mortgage on my igloo is paid off.

But seriously, I wanted to ask if anyone has had problems with Fidelity, particularly with respect to errors on their 1099ís. This may not be the right forum for my issue but I thought I would ask and maybe be guided to the appropriate forum.

A few years ago I questioned why the basis of my shares had decreased. Fidelity said it was because I had wash sales, and not just wash sales, but rolling wash sales. I said I didnít have any wash sales, but if I did have wash sales why wasnít it recorded in my monthly statement and on the 1099. The Fidelity rep didnít know why the wash sales werenít recorded but I did have wash sales. I talked to the guyís supervisor and he also said I had wash sales. It turned out the decrease in the basis was due to non-dividend distributions. I realized my 1099 was missing a couple of pages. When I got the replacement pages I saw there were non-dividend distributions in that stock. I have no idea why Fidelity thought I had wash sales.

In 2020 I did have some wash sales. In 2021 I sold all of the shares of that stock so the disallowed losses in 2020 should have been applied to the basis of shares I sold in 2021, but that didnít happen. I sent my advisor a message asking about recovery of the disallowed losses but. He hasnít responded so far.

There have been other things that happened that make me wonder about Fidelityís trustworthiness. Anyone else have any problems Fidelity along those lines?
DenaliBandit 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 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 03-24-2022, 05:21 PM   #2
Thinks s/he gets paid by the post
Helen's Avatar
Join Date: Oct 2004
Location: Portland
Posts: 2,013
Hello, welcome to the forum. I was just reading a thread that talked about that issue:

I hope you stick around.
Helen is offline   Reply With Quote
Old 03-24-2022, 06:33 PM   #3
Confused about dryer sheets
Join Date: Mar 2022
Location: Anchorage
Posts: 4
Originally Posted by Helen View Post
Hello, welcome to the forum. I was just reading a thread that talked about that issue:

I hope you stick around.
Thank you Helen. I see I'm not the only one with problems with Fidelity. I've had an account with Fidelity for about 27 years. The problems, at least those that I found, started about 3 years ago. I understand mistakes are made but I don't understand Fidelity's reluctance to admit a mistake was made and fix it. I've submitted my income tax return several times in the past few years with a note to the IRS that I did not agree with Fidelity about something as reported on the Fidelity 1099, that my tax return as submitted was different than what Fidelity stated on the 1099, and I attached the appropriate paperwork to support my position. The IRS has never responded back to me about the changes I made.
DenaliBandit is offline   Reply With Quote
Old 03-24-2022, 09:40 PM   #4
Thinks s/he gets paid by the post
Out-to-Lunch's Avatar
Join Date: Jan 2020
Location: Milwaukee
Posts: 3,281
Welcome to!
The closing years of life are like the end of a masquerade party, when the masks are dropped. -Arthur Schopenhauer, philosopher (1788-1860)
Out-to-Lunch is offline   Reply With Quote

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
Space - The Final Frontier Chuckanut Other topics 1553 09-21-2023 04:24 AM
Vanguard Efficient Frontier IndependentlyPoor FIRE and Money 11 03-08-2010 09:01 PM
New Efficient Frontier by Bernstien lswswein FIRE and Money 0 04-10-2007 03:50 PM
Efficient Frontier Redux wabmester FIRE and Money 14 07-15-2005 02:39 PM
See @ Last, See @ Last, Thank God I Can See @ Last Beachbumz Other topics 24 02-18-2005 07:16 PM

» Quick Links

All times are GMT -6. The time now is 12:45 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2023, vBulletin Solutions, Inc.