ACCOUNTS & TRADING
PREMIUM CONTENT & TOOLS
Fidelity Institutional Asset Management®
ACCOUNTS & TRADING
PREMIUM CONTENT & TOOLS
April 15, is the deadline for filing federal income tax returns unless you receive an extension from the IRS.
You may access forms for your clients directly if you are a registered site user, and if Fidelity performs tax reporting on the funds held by your clients.
You may access forms for yourself directly if you are a registered site user, and if Fidelity performs tax reporting on the funds you hold.
The following chart shows the mailing schedules for all the forms and information investors may receive,
including those mailings that are mandated by the IRS for tax filing purposes as well as supplemental
mailings. When applicable, Form 1099-DIV and Form 1099-B will be mailed together in the same
** This mailing schedule is for accounts sold through financial advisors and serviced by Fidelity
Investments Institutional Operations Company LLC (FIIOC). It does not include mailings for 401(k) or
401(a) plans serviced by FIIOC and sold through financial advisors.
Form 1099-DIV is used to report dividends and capital gain distributions declared in by Fidelity
mutual funds in a nonretirement account.
Income information on shareholders' periodic account statements may differ from information on the Form
1099-DIV due to a reclassification of dividends and capital gains that can occur at year-end or later.
Fidelity is required to send this information to both the shareholder and the IRS if the shareholder
owned a fund that declared reportable distributions in .
To view supplemental rate information including State Percentages of Tax-Exempt Income for Fidelity
Federal Tax-Exempt Funds and the Percentage of Income from U.S. Government Securities, please visit the
Fidelity Fund Data and Rates
Tables section of the Tax Information Center.
† Additional information about Form 1099-DIV appears in the instructions included with the form when it is mailed to shareholders.
Form 1099-B is used to report gross proceeds from sales (redemptions and exchanges) on all non-money-market mutual funds in nonretirement accounts. In addition, this form will report information about cost basis for the disposition of certain securities, indicate whether the holding period was short-term or long-term in nature, and note any applicable gain or loss.
The form has five sections (only the applicable sections will be displayed on the form). The sections are separated by term and whether basis is reported to the IRS. It also indicates what section to fill out on Form 8949 and/or Schedule D.
† Additional information about Form 1099-B appears in the instructions included with the form when it is mailed to shareholders.
Form 1099-R is used to report distributions from pension plans, annuities, retirement and profit sharing plans, IRAs, Rollover IRAs, SEP IRAs, SARSEP IRAs, SIMPLE IRAs, Roth IRAs, Keoghs, and insurance contracts.
FIIOC sends Form 1099-R to investors if they have taken distributions in from Fidelity Advisor IRAs (including Traditional, Rollover, Roth, SIMPLE, SEP/SARSEP, BDAs, and Roth BDAs) that are sold through financial advisors and for which Fidelity Management Trust Company is the custodian. A separate Form 1099-R will be issued for each such account.
Form 1099-R Copy 2 may be used as the recipient's copy in filing a state or local income tax return. Form 1099-R Copy B may be used in filing the recipient's federal income tax if the form shows federal income tax was withheld.
† Additional information about Form 1099-R appears in the instructions included with the form when it is mailed to shareholders.
^ Distribution codes 1, J, 2, Q, and T require that certain criteria are met in order to use these codes. IRA owners taking substantially equal periodic payments may have their distribution reported under a different code, if any modifications have been made to their account or their payment stream during the tax year. IRA owners are responsible for filing Form 5329 to claim the exception to the 10% early distribution penalty or to have the penalty assessed, and may be required to file Form 8606 to report the basis in their IRA or Roth IRA, as applicable.
Form 1099-Q reports distributions from qualified tuition programs under section 529 of the Internal Revenue Code (IRC). Distributions from the Fidelity Advisor 529 Plan are reported on Form 1099-Q. Please note that for tax reporting purposes, the Fidelity Advisor 529 Plan is known as the New Hampshire Higher Education Savings Plan Trust.
† Additional information about Form 1099-Q appears in the instructions included with the form when it is mailed to shareholders.
^ Earnings and basis for all distributions are calculated based on the value of the account on the date of distribution.
Form 5498 reports any contributions made to a Fidelity Advisor IRA (including Traditional, Rollover, Roth, SIMPLE, and SEP/SARSEP) and the fair market value (FMV) of such Fidelity Advisor IRAs (as well as IRA BDAs and Roth IRA BDAs) as of December 31, .
To fulfill reporting obligations, the fair market value of each IRA, which is represented as the "Ending Value as of December 31, ," will be reported to retirement shareholders on their year-end account statement in lieu of the January IRS Form 5498. This information will also be provided to the IRS. If a shareholder made a contribution to a Fidelity Advisor IRA, including a recharacterization, a Roth IRA conversion contribution for tax-year , or a rollover contribution during the tax year, the shareholder will receive IRS Form 5498 in May .
† Additional information about Form 5498 appears in the instructions included with the form when it is mailed to shareholders.