Informational Tax Reporting Statement
The Dividends and Distribution section lists all taxable dividends, long-term capital gain distributions, and nondividend distributions from mutual funds held in your account. Columns 10 and 11 report mutual fund tax-exempt interest dividend and private activity bond interest dividends. Specified private activity bond interest must be taken into account in computing the federal alternative minimum tax (AMT). The tax-exempt interest reported in column 10 includes these specified private activity bond interest dividends, if any. For more information, please visit www.irs.gov.
If an Unrecaptured Section 1250 gain, Section 1202 gain, or Collectibles (28%) gain was distributed, lines 2b, 2c, and/or 2d will appear, respectively, in this section. If your fund paid foreign tax, we report the amount that you may be able to claim as a deduction or credit in column 6. We add the foreign tax paid to the dividend amount you received and report the total in column 1a and, if applicable, column 1b. For this reason, the total dividends reported on the statement may be higher than the amount that you actually received.
For additional foreign tax credit pass-through information, in February you will be able to see the Tax Information for Corporate Investors About Foreign Tax Paid letter on Fidelity's Mutual Fund Tax Information page.
A portion of column 1a—Total Ordinary Dividends—may be eligible for the deduction for dividends received from domestic corporations under Internal Revenue Code Section 243. If you received a dividend from a Fidelity mutual fund, which may qualify for the corporate deduction for dividends received, in February you will be able to see the Dividends-Received Deduction Information for Corporate Shareholders letter on Fidelity's Mutual Fund Tax Information page. This letter identifies the percentage of each dividend distribution from a Fidelity mutual fund reported in column 1a that is attributable to dividends received by the fund from domestic corporations and which may qualify for the corporate deduction for dividends received.
The Proceeds From Broker and Barter Exchange Transactions section reports your proceeds information in up to three subsections; Short-Term Transactions, Long-Term Transactions, and Transactions for Which Term Is Unknown. For your Fidelity Funds account, your cost basis information for redemptions, sales, etc. will appear in one of these sections.
We report all transactions on a trade-date basis, and we report the proceeds as gross proceeds. If you are required to file a federal tax return, you will generally be required to provide the adjusted basis for the shares sold, in order to determine the associated realized gain or loss. Fidelity provides estimated cost basis, realized gain and loss, and holding period information in one of the subsections, listed above.* If your account also has reportable Form 1099-B information, we will also present that information in this section of your Informational Tax Reporting Statement.
This section lists exempt interest dividends from Fidelity municipal funds declared during the year, and the amounts of those interest dividends that are attributable to in-state obligations and to out-of-state obligations. State tax rules for corporations may render some of these amounts inappropriate for use by corporations. Consult your tax advisor for more details.