1099-b options trades

ESPPs: Impostos Avançados Como o IRS Form 1099-B e o relatório de custo-base mudaram para as vendas de ações adquiridas de minhas opções de ações, ações restritas ou ESPP O que eu preciso fazer de forma diferente por causa das mudanças Se você vendeu ações durante o calendário Ano, sua corretora emitirá IRS Form 1099-B em meados de fevereiro do ano seguinte. Este é um documento importante que você deve ter para completar sua declaração de imposto para o ano de venda. Muitas empresas de corretagem reformat formulário 1099-B em sua própria declaração substituto. Que emitem em vez do formulário real do IRS. O IRS também recebe as informações relatadas e irá combiná-lo contra as informações que você fornecer no Form 8949 e Schedule D de sua declaração de imposto. Mudanças Significativas Nos Relatórios No Formulário 1099-B Alguns anos atrás, o formulário 1099-B mudou para exigir mais detalhes sobre as vendas de ações. Para as vendas de ações adquiridas em ou após 1º de janeiro de 2011, os corretores tiveram que relatar a você as datas de aquisição de ações, sua base fiscal (ou seja, a base de custos) e se as mais-valias eram de longo ou curto prazo. Antes disso, apenas o produto bruto das vendas teve que ser informado no Formulário 1099-B, após o estoque ter sido vendido durante o ano. Esta informação adicional pode ser útil, embora possa ser confusa em seu lugar. O 1099-B para as vendas conservadas em estoque feitas durante 2016 assemelha-se pròxima à versão para o ano fiscal 2015. No entanto, a versão 2014 introduziu algumas mudanças importantes que você deve continuar a ter em mente ao analisar o seu 1099-B para as vendas de ações em 2016: Em 2014, o IRS redesenhou o formulário para coincidir com seus números de caixa com as colunas no formulário 8949, que Que você usa para relatar as vendas de ações. Uma caixa no centro superior do formulário 1099-B indica a caixa apropriada para verificar perto do topo do formulário 8949 ao relatar a venda. O produto que seu corretor relatórios deve ser líquido de comissões e taxas. Uma caixa (Caixa 1g) foi adicionada para ajustes. Não confunda isso com os ajustes necessários para a compensação de ações que são discutidos abaixo. A caixa 1g aplica-se apenas ao montante de qualquer perda não deduzível numa venda de lavagem ou ao montante do desconto de mercado acumulado. Edições especiais para a compensação conservada em estoque Os regulamentos e as instruções 1099-B continuam a evoluir. De acordo com os regulamentos finais (páginas 2930) emitidos pelo IRS em 2013, os corretores são proibidos de incluir renda de compensação de capital na base relatada no Formulário 1099-B, começando com subsídios feitos em ou após 1 de janeiro de 2014. Seu corretor irá relatar Apenas o que você pagou pelo estoque no exercício ou compra. Para subsídios feitos antes dessa data, sua corretora pode relatar voluntariamente a informação de base completa ajustada com o elemento de remuneração. Em qualquer informação suplementar que ele dá, o corretor pode incluir a parte da base completa não relatada ao IRS. O que você precisa saber para as vendas de ações feitas em 2016 Para 2016 as vendas de ações da empresa adquirida de compensação de capital e ESPPs, os corretores podem (1) informar a base de custo completo para pré - 2014, ao mesmo tempo que reporta apenas a base parcial para subsídios posteriores, ou (2) relata a base parcial não ajustada para todas as subvenções. Portanto, você precisará fazer o seguinte: 1. Entenda o que está ou não está no 1099-B enviado para o IRS. Se isso não for claramente explicado, pergunte à sua empresa e ao seu provedor de serviços de plano de ações (ou seja, corretor) se alguma renda de compensação foi incluída na base. 2. Faça um ajuste apropriado no ganho ou perda da venda no Formulário 8949 e na Lista D se a parte de compensação da base não estiver incluída no Formulário 1099-B. IRS Form 8949 e Schedule D têm uma coluna para usar para este ajuste (você relata a base dada no formulário 1099-B e ajustá-lo indiretamente através desta coluna). Especialmente confuso para ações restritas e RSUs Os regulamentos finais esculpir uma exceção para o estoque que não é adquirido por dinheiro, ou seja, o que é tecnicamente chamado de segurança não coberta. Isso significa que, para ações restritas e RSUs, e talvez também o exercício de SARs, a parte da base de imposto que é igual a remuneração reconhecida não é relatada ao IRS: as informações de custo-base 1099-B enviadas ao IRS terão um Espaço em branco ou 0 para estes subsídios. Somente o preço de exercício / compra de opções de ações ou ações ESPP adquiridas em 2011 ou posterior deve ter sua base informada. Alerta: Embora esta alteração possa revelar-se útil com a comunicação das vendas de acções na sua declaração fiscal, a menos que a sua corretora inclua a parte de compensação da sua base de custos (não permitida para vendas de acções adquiridas a partir de subvenções efectuadas em 2014 ou posterior) Custo indicado na Caixa 1e do Formulário 1099-B será demasiado baixa ou a caixa de base de custos ficará em branco. Para evitar o pagamento excessivo de impostos, você deve ajustar o ganho / perda no Form 8949 e Schedule D ou, se Box 1e estiver em branco, basta relatar a base correta. Você não precisa obter um formulário 1099-B corrigido de seu corretor, como o relatório está seguindo as regras do IRS. Para obter informações adicionais, incluindo mais detalhes sobre a base de custo e algumas dicas de retorno de impostos, consulte o artigo relacionado sobre esses tópicos e problemas. Veja também as FAQs sobre como evitar alguns dos maiores erros de retorno de impostos com as opções de ações. Ações / RSUs restritas. ESPPs. E SARs. Examinar Ordens Permanentes À luz das mudanças nos relatórios de base de custos, considere se deve modificar qualquer ordem permanente de inadimplência em sua conta para que as ações sejam usadas na venda. Isto é particularmente importante para as ações que você adquiriu de exercícios de opção, ações restritas / RSU vesting, ou compras no mercado em vários momentos (ou seja, a base tributária varia). Caso contrário, a ordem padrão será automaticamente a primeira entrada, a primeira saída (FIFO) quando você vende o estoque da empresa. De acordo com as regras processuais que os corretores devem seguir, uma ordem permanente só pode ser alterada até a data de liquidação. Anteriormente, você poderia sair com apenas indicando as ações vendidas em sua declaração de imposto. Enquanto você pode achar melhor dizer ao seu corretor para entregar as ações com a maior base de custos para minimizar os impostos, quando você tem ISO e ações ESPP isso poderia causar conseqüências fiscais indesejadas com uma disposição ISO desqualificante ou uma disposição desqualificadora ESPP. Você deve discutir isso com seu próprio conselheiro. Alerta: Se você tiver ações da empresa em sua conta de vários tipos de compensação de capital, como ações de exercícios ISO, compras da ESPP e aquisição de ações restritas, quando vender as ações, certifique-se de identificar as que deseja usar. A venda involuntária de outras ações pode desencadear conseqüências tributárias indesejadas (por exemplo, uma disposição desqualificadora de ações da ISO ou da ESPP). Esta situação pode exigir uma mudança na ordem permanente Guia: Formulário 1099-B do IRS Declaração de Impostos Exato: Por que o Form 1099-B Corretores inadequados usam um conjunto totalmente diferente de regras ao calcular as vendas de lavagem. O IRS só exige corretores para ajustar para as vendas de lavagem entre cusips idênticos na mesma conta. Isto significa que VOCÊ é responsável por fazer todos os outros ajustes de venda de lavagem. Como entre ações e opções, e em todas as contas - incluindo IRAs, conforme exigido na Publicação 550 do IRS para os contribuintes. As vendas curtas fechadas ao ano podem não ser informadas adequadamente. Os corretores não são obrigados a aplicar a Regra de Venda Construtória ao reportar vendas curtas no 1099-B. Corretores geralmente usam a data de liquidação ao fechar uma posição curta. No entanto, alguns corretores usam os dados comerciais ao fechar uma posição curta. Não há simplesmente consistência em relatar as vendas a descoberto de um corretor para o próximo. Portanto, algumas vendas a descoberto são informadas sobre os 1099 que não são relatados no Form 8949, enquanto outras vendas a descoberto que não estão listadas no 1099 devem ser relatados no Form 8949. Wash Sales on Short Options. Alguns corretores relatam o ganho / perda líquido em vez de receitas para opções curtas. Portanto, o valor das vendas brutas de 1099 nunca será reconciliado. Opções e ETFs podem ter tratamento fiscal diferente do que é relatado em 1099. Um artigo recente na revista Forbes destaca o quão complexas são as leis fiscais quando se trata de opções e ETFs, e por que você não pode confiar em seu corretor 1099-B para o direito Tratamento fiscal: tratamento fiscal pode ser complicado com opções e ETFs. A base de custo para títulos adquiridos antes de 2011 não é exigida no 1099-B. Alguns corretores fornecem esta informação, a maioria não. O artigo do nosso blog intitulado 1099-B Reconciliation Woes destaca ainda mais problemas com o 1099s começando com o ano fiscal de 2014. O que especialistas dizem sobre problemas 1099-B: Observe o que dois dos principais profissionais de imposto de comerciante têm a dizer sobre a corretora 1099-B relatórios O IRS tem sempre e continua a colocar o fardo de relatórios fiscais precisos, em última instância, sobre o contribuinte, o imposto sobre o rendimento, Como é evidente pela exigência de corretores para incluir um lembrete para os contribuintes que eles são, em última instância, responsável pela precisão de suas declarações fiscais (Pub. 1179 4.3.2). O Comitê Consultivo do Programa de Relatórios de Informações notou esse problema em seu relatório de 2009 ao IRS afirmando: Como é impraticável exigir que as instituições financeiras sejam responsáveis ​​pelo rastreamento de todos os eventos possíveis e eleições no nível do contribuinte que afetam a base, as instituições financeiras devem ser tratadas como passivas Repositórios de informações de base, ao invés de garantes quanto à sua precisão. (Aviso de IRS 2009-17). O que Recebeu no Formulário 1099-B Um Formulário 1099-B separado é fornecido por uma troca de corretagem ou troca para o IRS e para o contribuinte (cliente). O formulário IRS real 1099-B é um formulário em triplicado contendo cerca de 30 caixas diferentes para relatar e se parece mais com um W-2 fornecido pelos empregadores. No entanto, a maioria dos comerciantes e investidores não recebem seu 1099-B neste formato, porque isso implicaria um formulário separado para cada transação. Em vez disso, o IRS permite que os corretores relatem detalhes de 1099-B em uma declaração substituta. Muitas vezes, essa declaração também incluirá outros relatórios do corretor, como 1099-INT, 1099-DIV e 1099-OID. Venda Em geral, os corretores relatam todas as receitas para vendas de ações, títulos e commodities. Eles também relatam os recursos para contratos de futuros regulamentados, contratos de moeda estrangeira e contratos a termo em uma base agregada. Os corretores não relatam o produto da venda para operações com opções no exercício fiscal de 2013. No futuro, o IRS vai exigir corretores para relatar algumas transações de opções. Base de custo Os corretores são obrigados a relatar a base de custo para os títulos cobertos. Os títulos cobertos são determinados com base em (1) o tipo de instrumento e (2) a data em que o título foi adquirido. Em geral, os seguintes são títulos cobertos: Existem exceções que se aplicam em determinadas circunstâncias. E há também diferentes interpretações dos requisitos de IRS por alguns corretores. Layout de 1099-B Declarações Traders ativos geralmente recebem 1099-B substituto declarações. O formato eo layout das instruções de substituição podem variar muito dependendo do corretor. Em 2012, o IRS delineou algumas regras para tornar essas declarações mais consistente e user-friendly. Começando com o ano fiscal de 2012, a declaração 1099-B deve segregar negócios em até cinco categorias: transações de curto prazo em que base de custo é relatado ao IRS. Transações de curto prazo nas quais a base de custo NÃO é reportada ao IRS. Transações de longo prazo nas quais a base de custos é relatada ao IRS. Transações de longo prazo nas quais a base de custo NÃO é reportada ao IRS. Transações em que a base de custo NÃO é reportada ao IRS e o período de detenção é desconhecido. Em cada uma das secções segregadas, o corretor deve ter o preço de venda total ea base de custo conhecida para os negócios nessa seção. Compreendendo as Colunas e Caixas 1099-B 1099-B as instruções de substituição normalmente reportam as informações chave em colunas rotuladas para corresponder com os números de caixa nos formulários 1099-B. Para cada transação, o corretor pode informar: Caixa 1a - Descrição da Propriedade - esta caixa também inclui o número de ações. Esta breve descrição pode variar muito. Alguns corretores usam uma descrição completa do estoque, alguns usam símbolos ticker, alguns incluem quantidades, alguns usam números CUSIP, simplesmente não há padrões. Caixa 1b - Data Adquirida Para vendas a descoberto, esta é a data em que você adquiriu a propriedade para entregar ao corretor ou credor para fechar a venda curta normalmente a data de negociação do comércio de compra a cobertura. Consulte nossa discussão sobre o relatório de vendas a descoberto no Form 8949 para obter mais detalhes. Os corretores podem agrupar negócios adquiridos em várias datas, mas vendidos no mesmo dia. Em tais casos, eles podem deixar esta caixa / coluna em branco ou relatar vários sobre a declaração. Se um título não é coberto (ver caixa 5 abaixo), então o corretor não é obrigado a relatar a data de aquisição. Caixa 1c - Data de venda ou disposição Para vendas a descoberto, esta é a data em que você entregou a propriedade ao corretor ou ao credor para fechar a venda a descoberto, tipicamente a data de liquidação do contrato de compra a cobrir. Consulte nossa discussão sobre o relatório de vendas a descoberto no Form 8949 para obter mais detalhes. Caixa 1d - Produto - este é o valor recebido da venda menos quaisquer comissões e taxas. Os corretores são autorizados a agregar as vendas que ocorreram no mesmo dia do calendário para as mesmas ações vendidas em uma única ordem, mesmo que a venda pode ter sido executada em diferentes lotes e preços. Esta agregação pode tornar a reconciliação com o histórico comercial real muito difícil. Você pode optar por notificar seu corretor para não usar este método. Se o produto tiver sido ajustado para os prêmios de opções, isso será indicado na caixa 6. Os corretores não são obrigados a ajustar o produto para os prêmios de opção se a opção for adquirida antes de 2014. No entanto, eles normalmente são obrigados a fazê-lo para opções adquiridas após 2013 Caixa 1e - Custo ou Outras Base - esta é a base de custo ajustada, não a base de custo real que pode ser relatada em seu histórico comercial. Se um título não é coberto (ver caixa 5 abaixo), então o corretor não é obrigado a relatar o custo ou outra base. Se a aquisição causou uma venda de lavagem que foi relatada em 1099-B, então o corretor ajustará a base de custo por este montante. No entanto, não há nenhum tipo de indicação no 1099-B se a base de custo tiver sido ajustada por uma venda de lavagem ea quantidade correspondente de ações ou quantidade. Isso torna a verificação da base de custo quase impossível. Os corretores são obrigados a contabilizar os prêmios de opção na determinação da base das ações adquiridas ao exercer uma opção se a opção for adquirida em 2014 ou posterior. Se a opção foi adquirida antes de 2014, o corretor pode optar por contabilizar os prêmios de opção, a seu critério. Os corretores podem agregar a base de custo das ações compradas no mesmo dia do calendário para o mesmo estoque em uma única ordem mesmo que o comércio possa ter sido executado em lotes e preços diferentes. Esta agregação pode tornar a reconciliação com o histórico comercial real muito difícil. Você pode optar por notificar seu corretor para não usar este método. Caixa 1f - Código, se Qualquer - aqui o corretor relata o código correspondente. Por exemplo: W para vendas de lavagem, C para colecionáveis ​​e D para desconto no mercado. Caixa 1g - Ajustes - A venda de lavagem e os ajustes de desconto de mercado são relatados aqui. Lavar perda de venda não permitida - os corretores só são obrigados a fazer ajustes de venda de lavagem limitada, consulte a nossa discussão de diferentes regras de venda de lavagem em nosso Guia Definitivo para lavar as vendas. Se um título não é coberto (veja a caixa 5 abaixo), o corretor não é obrigado a ajustar ou relatar as vendas de lavagem. Caixa 2 - Tipo de ganho ou perda (curto ou longo prazo), determinado pelo período de detenção das ações ou contratos. O IRS exige que os dados da declaração substituta sejam segregados de acordo com o período de detenção. Caixa 3 - Verificar se a base reportada ao IRS - o corretor indicará isso se a base de custo for relatada ao IRS independentemente da Caixa 5. Caixa 4 - Retenção de imposto de renda federal - a retenção de backup é relatada aqui. Caixa 5 - Verificar se uma segurança não coberta Se uma garantia estiver coberta, o corretor deve informar a base ao IRS. Se uma garantia não é coberta, eles não são obrigados a reportar base ao IRS, mas podem optar por fazê-lo (caso em que eles irão marcar a caixa 3). O status coberto versus não-coberto aplica-se aos requisitos de relatórios baseados nos custos e afetará os relatórios do Formulário 8949 do contribuinte. Consulte nossa explicação sobre os títulos cobertos e as categorias de Form 8949 para entender como as negociações são classificadas. Os corretores que fornecem declarações de substituto são obrigados a segregar os dados 1099-B com base em se a base de custo é relatada ou não. Caixa 6 - O corretor indicará se o produto é Bruto ou Líquido. Isso pode ser confuso, com base nas instruções: Produto bruto foi ajustado para comissões e taxas relacionadas com a venda. O produto líquido indica que o montante também foi ajustado para os prémios de opções. Outras caixas / colunas 1099-B menos comuns são: Caixa 7 - Verificar se a Perda Não Permitida Baseada no Valor na Caixa 1d - Esta caixa tem a ver com aquisição de controle ou mudança substancial na estrutura de capital. Consulte as instruções do 1099-B para obter mais detalhes. Caixas 8 a 11 - estas caixas são usadas para relatar os contratos da Seção 1256. Essas informações são normalmente relatadas em uma seção separada da declaração 1099-B de corretores. Caixa 13 - Quantias recebidas por um membro ou cliente de troca de troca. As caixas 14-16 são usadas quando os impostos estaduais são retidos Relatório Adicional Fornecido em 1099-B Declarações de Substituto Os corretores podem fornecer informações adicionais em conjunto com as declarações de substituto 1099-B, algumas das quais não podem ser relatadas ao IRS. Por exemplo: muitos corretores fornecerão receitas e base de custo para troca de opções, que não é relatado em 1099-B ou fornecido ao IRS. Alguns corretores também incluem ganhos / perdas realizados informando separadamente, ou em conjunto com 1099-B relatou detalhes. Este relatório adicional pode ser útil para comerciantes ativos, mas não deve ser confundido com a informação realmente relatada ao IRS. Como usar o Relatório 1099-B Idealmente, os contribuintes seriam capazes de tomar relatórios fornecidos pelo corretor 1099-B e usar as informações para criar seus Formulários 8949 e Schedule D. De fato, este era o ideal do congresso quando eles passaram a base de custos Legislação. Infelizmente, os relatórios e regulamentos atuais do 1099-B são lamentavelmente inadequados. De fato, publicamos um relatório especial de 25 páginas intitulado The 1099-B Problem. Nosso relatório especial explica por que os comerciantes ativos não podem usar o 1099-B para preencher o formulário 8949 as razões principais: O 1099-B relatórios limitados lavar ajustes de venda usando requisitos diferentes do que aqueles para os contribuintes. Existem muitos erros documentados, inconsistências e anomalias no relatório 1099-B fornecido pelos corretores. O relatório 1099-B normalmente não pode ser verificado para a precisão - um princípio vital na contabilidade. Reconciliando o software 1099-B TradeLog inclui um processo para reconciliar o histórico comercial importado com o produto bruto 1099-B. A reconciliação dos rendimentos permite que os contribuintes verifiquem se seu histórico comercial está completo, resultando em relatórios precisos do Form 8949. A maioria dos comerciantes ativos são capazes de verificar e reconciliar, pelo menos no agregado, o produto da venda no 1099-B. Conciliar a base de custos relatada em 1099-B com o histórico comercial real pode ser impossível em muitos casos. Como explicado em nosso relatório especial, The 1099-B Problem. A informação relatada no 1099-B não tem os detalhes necessários para conciliar linha a linha com relatórios de histórico de comércio ou declarações mensais. Se um contribuinte não puder conciliar a base de custo 1099-B com seu histórico de comércio real, então eles não podem confiar nessa base de custo para gerar relatórios precisos do Form 8949. Por esta razão, milhares de comerciantes ativos, bem como CPAs líder de imposto de comerciante, usar o histórico de comércio real para gerar seus relatórios fiscais com o software TradeLog. Cuidado com os programas populares de software de imposto que dependem apenas de Broker 1099-B Relatórios Alguns programas de software de imposto popular pretendem fornecer a capacidade de importar seus corretores 1099-B dados, a fim de gerar formulários 8949 e Schedule D. Há alguns fatos comerciantes ativos Deve estar ciente de, e as perguntas que resultam: Não há nenhum padrão de IRS para fornecer 1099-B dados em um formato digital. Uma vez que os corretores não são obrigados a relatar todas as informações de base de custo em 1099-B, como é que esses programas de imposto geram relatório de imposto completo Corretores só são obrigados a fazer ajustes de venda lavagem limitada em 1099-B, com base em regras diferentes daqueles que se aplicam aos contribuintes . Como esses programas de imposto identificar e ajustar as vendas de lavagem adicionais exigidos pelo IRS Mais populares programas de software de imposto foram projetados para americanos médios - comerciantes não ativos. Os comerciantes ativos lidam com alguns dos mais complexos requisitos de relatórios do IRS e, portanto, precisam usar o software projetado especialmente para eles. Por que os comerciantes ativos usam TradeLog TradeLog é um software projetado especificamente para produzir relatórios fiscais precisos para comerciantes ativos. O TradeLog utiliza métodos comprovados para gerar relatórios do Form 8949 que se conciliam com o 1099-B fornecido pelo corretor. Saiba mais sobre por que os comerciantes ativos usam TradeLog. Por mais de 10 anos o software TradeLog gerou relatórios de imposto de comerciante exato para Schedule D. TradeLog importa história de comércio real de corretores on-line, então combina e ajusta negócios de acordo com regras de IRS para ganhos e perdas de capital e vendas de lavagem - usando as regras para contribuintes. O TradeLog inclui um processo para reconciliar o histórico comercial importado com o produto bruto 1099-B, a fim de verificar o histórico comercial e produzir relatórios precisos do Form 8949. TradeLog Software utiliza métodos comprovados para gerar relatórios de imposto de comerciante precisa. Nota: Esta informação é fornecida apenas como um guia geral e não deve ser tomada como instruções oficiais do IRS. A Armen Computing Ltd. não faz recomendações de investimento nem presta assistência financeira, fiscal ou jurídica. Você é o único responsável pelas suas decisões de investimento e de declarações fiscais. Consulte seu consultor fiscal ou contador para discutir sua situação específica. Compreendendo as Informações de Informações de Taxas de Opções no seu 1099-B Este artigo destina-se a comerciantes de opções. Por favor, desculpe o jargão opção Mas mesmo os comerciantes opção savviest pode precisar de um pouco de ajuda no tempo do imposto. Se é isso, escute. Vamos definir a cena. É o meio de fevereiro e você está olhando sobre o seu 1099. Direito lá, em seu 1099-B, você mancha informações opções Chocado A nova informação que você está vendo é cortesia de uma mudança de regra que foi chutado em torno de anos antes de finalmente pousar na frente dos contribuintes Começando com o ano fiscal de 2014. Sua realmente uma coisa boa o IRS está olhando para fazer relatórios de negociação opção fácil e direta. Então, agora que as informações de que você precisa estão prontamente disponíveis, vamos mergulhar em algumas das demandas de relatórios. A coisa sobre opções é que há opções. Right Você pode vender um contrato curto ou comprá-lo por muito tempo. Você pode obter atribuído ou você pode exercer. Com tantas escolhas, o que parece o relatório fiscal Cenário 1: Compre Long, Então Venda Vamos dizer que você comprou um XYZ 17 de julho de 2015 contrato de opção de venda 92,5 para 5,30 em 24 de setembro de 2014. No início de fevereiro, foi continuando Para recusar e você precisava pular do navio, vendendo-o por 1,16. Esta transação é simples e direta. Seu custo é de 5,30, mais os custos de transação, e seu produto é 1,16, menos os custos de transação, que o seu 1099-B vai refletir. Parece muito fácil, talvez vamos ver o que acontece se você alternar e vender curto. Cenário 2: vender curto, então comprar para cobrir Vá em frente você comerciantes que podem lidar com o risco (você sabe quem você é), vender o contrato XYZ curto às 5h30, em seguida, fechar com uma compra de 1,16. O IRS decidiu fazer esta transação apenas um pouquinho complicado, mas não se preocupe. Bem, explique. Seu 1099 vai mostrar um montante de receitas de 4,14 (modificado por custos de transação) e uma base de 0. Confuso Youre não o único. O IRS mandatos que um comerciante com um cash-liquidado, contrato por escrito relatório apenas o ganho ou perda como produto. Seu documento fiscal não refletirá os 5,30 ou 1,16 valores, apenas seu lucro de 4,14 menos custos de transação. Veja, isso não era muito ruim. Se esta foi uma perda, o montante dos seus rendimentos seria negativo. Apenas para esclarecimento, GainsKeeper ainda vai mostrar a venda original e compra montantes para que você possa entender como o seu 1099 calcula um lucro ou perda. Escrever opções Escrever uma opção é falar comerciante para vender um contrato de opção. Enquanto muitos comerciantes acreditam que o contrato vai liquidar em dinheiro se a posição é fechada antes da expiração, a verdade é que você pode ser atribuído a qualquer momento. Se o contrato for exercido ou cedido, ele será liquidado no título subjacente, não em caixa. As expirações de opções são simples de relatar no momento do imposto. Quando o contrato expirar, o prêmio e os custos de transação pagos (para os compradores de opções) serão uma perda. Os autores de opções verão um ganho igual ao valor do dinheiro recebido (o prêmio menos os custos de transação) pela venda do contrato. Agora, algumas escolhas que eu costumava ler livros Choose Your Own Adventure na escola primária. Os relatórios fiscais sobre atribuições e exercícios são semelhantes. As opções são limitadas (no meu gráfico, não no mercado), e há apenas quatro caminhos que você pode tomar quando um exercício ou atribuição ocorre. Acompanhe: você tem o subjacente ao preço de exercício. Base de custo de ações compraram o preço de exercício menos o prêmio que você recebeu para o contrato (mais / - custos de transação). Essencialmente, o contrato em si mesmo não será um item de linha relatável em seu 1099 se o contrato foi exercido / atribuído. Seu construído em seu custo ou procede, dependendo do caminho que você tomou. Quer outro exemplo Vamos dizer que você comprou um XYZ 17 de julho 2015 100 chamada para 5, que foi exercido. O contrato está feito. No entanto, não é tributável até que você vender as ações da XYZ. Sempre que você decidir vender XYZ, a sua base é 100 mais 5 (preço de exercício mais o prémio e custos de transacção mais). E tenha em mente que poderia ser no dia seguinte ou 10 anos depois. Perguntas Conecte-se Para falar com um Representante de Serviços Fiscais, ligue de segunda a sexta-feira, das 9h às 17h30. Mais sobre a cultura do dinheiro Como adultos tap na criatividade com noites de pintura e livros para colorir para adultos, algumas indústrias estão se beneficiando. Pintar noites, livros para colorir, suprimentos de volta para a escola. Setembro significa seu tempo para que os alunos voltem à escola, e muitas vezes isso significa comprar material escolar novo. Esses suprimentos podem incluir qualquer coisa. LEIA MAIS DE ESTA SÉRIE: A maioria de nós chip em nossa parcela de impostos. Isso é o que devemos à nossa sociedade em funcionamento. Mas também devemos isso ao nosso trabalho duro selves e nossos planos para um confortável. Ir ao médico ficou um pouco mais barato. Bem, mais ou menos. Pessoas elegíveis cobertas por um plano de seguro de saúde de alta dedutível (HDHP) pode marcar deduções fiscais. Mesmo durante os chamados anos de ouro, as regras fiscais podem ter uma maneira engraçada de mascar acima poupança de aposentadoria. No entanto, existem certas deduções e estratégias. Mantenha-se conectado conosco: Últimas notícias Todas as histórias Atualização do mercado Feed Dinheiro Cultura Feed Investir Feed Comercial Feed Retirement Feed Options Feed Feed FeedMoney Feed TD Ameritrade não fornece aconselhamento fiscal. Sugerimos que você consulte um profissional de planejamento tributário com relação às suas circunstâncias pessoais. O exercício de uma opção implica uma taxa de exercício de 19,99. A volatilidade do mercado, volume e disponibilidade do sistema pode atrasar o acesso à conta e as execuções comerciais. O desempenho passado de um título ou estratégia não garante resultados futuros ou sucesso. As opções não são adequadas para todos os investidores, pois os riscos especiais inerentes à negociação de opções podem expor os investidores a perdas potencialmente rápidas e substanciais. Negociação de opções sujeita à revisão e aprovação da TD Ameritrade. Leia as Características e os Riscos das Opções Padronizadas antes de investir em opções. Documentação de suporte para quaisquer reivindicações, comparações, estatísticas ou outros dados técnicos serão fornecidos mediante solicitação. As informações não se destinam a ser aconselhamento de investimento ou interpretadas como uma recomendação ou endosso de qualquer investimento ou estratégia de investimento e são apenas para fins ilustrativos. Certifique-se de compreender todos os riscos envolvidos com cada estratégia, incluindo custos de comissão, antes de tentar colocar qualquer comércio. Os clientes devem considerar todos os fatores de risco relevantes, incluindo suas próprias situações financeiras pessoais, antes da negociação. Membro da TD Ameritrade, Inc. FINRA / SIPC. TD Ameritrade é uma marca de propriedade conjunta da TD Ameritrade IP Company, Inc. e do Toronto-Dominion Bank. 2016 TD Ameritrade IP Company, Inc. Todos os direitos reservados. Usado com permissão. Inconceivable. Is opções de negociação reportado ao IRS Mais artigos Como estratégias de negociação de opções, o tratamento fiscal de negociações de opções está longe de ser simples. Sob os novos requisitos de relatórios de corretores, as transações de opções são agora relatadas ao Internal Revenue Service quando você fecha a posição, incluindo sua base de custos e ganho ou perda de capital. Esteja ciente de que algumas transações de opções, tais como straddles, vendas curtas e lavagem vendas exigem tratamento fiscal especial e pode resultar em um ganho de capital reportável antes da posição é fechada. Títulos Cobertos O IRS começou a exigir corretores para manter o controle da base de custo para negociações de segurança a partir de 2011 com operações de capital próprio. As negociações de opções foram adicionadas ao requisito em 1º de janeiro de 2013. Qualquer negociação de opções após essa data terá a base registrada e relatada ao IRS no Formulário 1099-B quando essas opções forem vendidas, incluindo ganhos de capital calculados na transação. Ganhos e perdas de capital Com os novos requisitos de relatórios, o extrato do corretor e o 1099-B separarão ganhos e perdas de capital de curto e longo prazo. Qualquer garantia mantida por um ano ou menos resulta em um ganho ou perda de capital de curto prazo. Qualquer coisa mantida durante um ano permite uma taxa de ganhos de capital a longo prazo mais favorável, embora a perda seja tratada de forma idêntica. Se depois de combinar todos os ganhos e perdas durante o ano fiscal, você tiver uma perda líquida, você pode anular até 3.000 por ano contra outras receitas e transferir o restante para anos fiscais futuros até que você esgote o excesso. Vendas Constructivas As vendas construtivas são transações envolvendo uma segurança apreciada de tal forma que a venda da posição resultaria em um ganho se você estivesse imediatamente fechar a posição. As opções de dinheiro são um exemplo. Outra é quando você detém um estoque e comprar uma opção para vender em maior do que o valor de mercado atual - comprar essa opção representa uma venda construtiva. Você deve perceber o ganho na data da venda construtiva, ea transação será relatada ao IRS. Quando você fecha a posição, apenas relata receita líquida do ganho reconhecido na venda construtiva. Responsabilidade do Contribuinte Se você vender opções compradas antes de 1º de janeiro de 2013, o corretor não poderá relatar a venda ao IRS. No entanto, você ainda é obrigado a relatar a transação quando você arquivar sua declaração de imposto. Relate cada venda individual de opções no Form 8949, usando a parte apropriada para transações de curto e longo prazos. Transfira os totais para a Tabela D para calcular sua posição líquida de ganho ou perda de capital para o ano fiscal. is an A Rated BBB Logo BBB (Better Business Bureau) Copyright copy Zacks Investment Research At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Esta dedicação para dar aos investidores uma vantagem comercial levou à criação do nosso comprovado Zacks Rank sistema de classificação de ações. Desde 1986 quase triplicou o SampP 500 com um ganho médio de 26 por ano. Esses retornos cobrem um período de 1986 a 2011 e foram examinados e atestados pela Baker Tilly, uma empresa de contabilidade independente. Visite o desempenho para obter informações sobre os números de desempenho exibidos acima. Os dados da NYSE e da AMEX têm pelo menos 20 minutos de atraso. NASDAQ data is at least 15 minutes delayed. Important legal information about the email you will be sending. Ao usar este serviço, você concorda em inserir seu endereço de e-mail real e enviá-lo somente para pessoas que você conhece. It is a violation of law in some jurisdictions to falsely identify yourself in an email. Todas as informações que você fornecer serão usadas pela Fidelity exclusivamente para o propósito de enviar o e-mail em seu nome. The subject line of the email you send will be Fidelity: Your email has been sent. Mutual Funds and Mutual Fund Investing - Fidelity Investments Clicking a link will open a new window. Statements amp Forms Resources Learn More Understanding Your Tax Reporting Statement for Brokerage Accounts This guide provides detailed, line-item explanations to help you understand your Fidelity brokerage statement. Questions Fidelitys 2015 consolidated statement consists of two parts: Tax reporting statement This form is made up of the information we report to the IRS on Forms 1099-DIV, 1099-INT, 1099-MISC, 1099-B, and 1099-OID. The titles, line and column headings, and box numbers used on this consolidated statement correspond to those on each of the stand-alone IRS forms. Supplemental information This form features additional information, not reported to the IRS, but that you may find helpful in preparing your income tax returns. The screenshots are for illustrative purposes only. Note: certain categories of transactions may not pertain to your account as your statement is generated based on your account activity. For instance, your statement will only include a Form 1099-B and/or a Form 1099-OID, if you had any applicable 2015 transactions. Tax Reporting Statement Supplemental Information Additional Information FAQs Tax Reporting Statement Click on the number for a detailed explanation of that section. Supplemental Information Click on the number for a detailed explanation of that section. The following items are not illustrated on the above form but may appear on your individual form. State/Local Tax-Exempt Income from Fidelity Funds This section lists dividends you received from Fidelity funds exempt from state or local tax. It also notes which amounts are subject to tax. To get dividend information for Fidelity funds exempt from federal tax, please visit Fidelity Mutual Fund Tax Information. Information for tax year 2015 will be posted in January or February of 2016. Municipal Original Issue Discount Municipal Original Issue Discount information for municipal bonds may be useful for updating the cost basis of any municipal bonds you may own that were originally issued at a discount to the face value of the bond. You may need to calculate your updated cost basis information, particularly if you sell your municipal bond prior to its maturity. To help make your state tax filing a little easier, weve reformatted this section so bonds are categorized by state. Accrued Interest Paid on Purchases Accrued interest paid when a bond purchase settles is not taxable to the buyer instead, it is income that is taxable to the seller. Your Form 1099-INT reports the full interest payment credited to your account. You should report the full amount of interest you were paid on Form 1040, Schedule B, Interest and Dividend Income, and list the accrued interest you paid when you purchased the bond on a separate line and subtract it from your interest income subtotal. This section lists the fees paid in 2015 from your account. We have listed these fees with the same descriptions that we used in your monthly/quarterly statements. Any fee amounts preceded by a minus sign indicate a fee reversal which we made in your account (including ATM fee rebates you received in your Fidelity Cash Management Account). Actual Payment Shortfall Due to the IRS reporting requirements for widely held fixed investment trusts, this section reports your prorated share of the actual payment shortfall incurred by your royalty trust and/or HOLDRs trust. Actual payment shortfall is the difference between the actual contingent payment and the projected contingent payment from contingent payment debt instruments. See your tax advisor for more information. Due to the IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports your prorated share of addition to basis reported by your royalty trust and/or your HOLDRs trust. When the amount of principal reported exceeds the amount distributed to you, the difference is generally added to your cost basis. Due to the IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports your prorated share of administrative expense incurred by your royalty trust and/or your HOLDRs trust. These expenses have not been deducted from the gross royalty income reported on forms 1099-DIV and/or 1099-MISC. These expenses may be deductible, subject to applicable limitations. See your tax advisor for more information. Generic Expenses Subject to 2 Adjusted Gross Income (AGI) Limitation Due to the IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports your prorated share of generic expenses subject to the 2 AGI limitation incurred by your royalty trust and/or HOLDRs trust. These expenses are included in the gross royalty income reported on Forms 1099-DIV and/or 1099-MISC. These expenses may be deductible, subject to applicable limitations. See your tax advisor for more information. Generic Expenses Not Subject to 2 Adjusted Gross Income (AGI) Limitation Due to the IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports your prorated share of generic expenses not subject to the 2 AGI Limitation incurred by your royalty trust and/or HOLDRs trust. These expenses are included in the gross income reported on Forms 1099-DIV and/or 1099-MISC. These expenses may be deductible, subject to applicable limitations. See your tax advisor for more information. Margin Interest Paid Margin interest paid may be deductible as an investment expense. Proceeds Investment Expenses Due to IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports proceeds investment expenses incurred by your unit investment commodity trust. Note: Commodity trusts do not make cash distributions. We include these expenses as negative items in this section and as separate positive line items (labeled PRINCIPAL) in the proceeds amounts reported for this security on Form 1099-B. See your tax advisor for more information. Due to the IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports your prorated share of severance tax paid by your royalty trust and/or your HOLDRs trust. Severance taxes are commonly imposed by states on the extraction of natural resources to be used out of state. We include these expenses in the royalty income reported on Forms 1099-DIV and/or 1099-MISC, because we are required to report gross income without deducting expenses. These expenses may be deductible, subject to applicable limitations. See your tax advisor for more information Tax-Exempt Interest Investment Expenses Due to IRS reporting requirements for widely held fixed investment trusts (WHFITs), this section reports tax-exempt interest investment expenses incurred by your unit investment trust. These expenses are not included in the investment expenses listed on Form 1099-DIV, Line 5 or on Form 1099-INT, Line 5. They are included in the tax-exempt interest amount reported (Line 8). For this reason, the reported gross tax-exempt interest amounts may be higher than the amounts that you actually received. Under certain circumstances tax-exempt interest investment expenses may be deductible, subject to applicable limitations. See your tax advisor for more information. Additional Information eDelivery of tax statements You may choose to stop receiving your tax statements by mail and instead receive an email notifying you when your tax statement is available for viewing online. In addition to 2015 printed statements sent by mail, online statements are now official copies of your tax forms. Contact a Fidelity Representative or your investment professional for further information about eDelivery options. Completing Form 1040, Schedule D, and Form 8949 As in prior years, Fidelity sends customers, and the IRS on Form 1099-B, tax reporting on the gross proceeds from their brokerage account activities. Beginning with tax year 2011, Fidelity also reports on the Form 1099-B the cost basis information for covered securities. Fidelity continues to follow IRS rules governing de minimis reporting. According to these regulations, a customers tax information need not be sent to the IRS, nor mailed to the customer, if the amount on each of the Forms 1099-DIV, 1099-INT, 1099-MISC, or 1099-OID is less than 10.00. This is true even for customers who received a tax statement last year, still hold the same account or securities, but had no reportable activity for this year. However, if you had any reporting on Form 1099-B, in any amount, you will receive a complete tax statement and the regulatory information will be reported to the IRS. This is also the case if there was any reportable 2015 withholding in your account or if foreign tax was paid. In cases where de minimis rules are in effect, your tax information will not be sent to the IRS or mailed to you. However, you can access the information online. Our de minimis forms have a de minimis watermark and label in the upper right corner. Well notify you by email once your form is available. To make sure we have your email address on file, please log in to your account and select Your Profile under the Account Information section. State income tax withholding amounts reported on Forms 1099-DIV, 1099-INT, 1099-MISC, and 1099-B As required by the IRS, if you were a resident of California, Maine, South Carolina, or Vermont during 2015 and we applied backup withholding to 2015 income and proceeds in your account, you will find this information reported on the Forms 1099-DIV, 1099-INT, 1099-MISC, and 1099-B, as applicable. Widely held fixed investment trusts Due to IRS reporting requirements, Fidelity has enhanced tax reporting for holders of securities known as widely held fixed investment trusts (WHFITs). Generally securities in this category include: Mortgage pools (such as securities issued by agencies commonly known as Ginnie Mae, Fannie Mae, and Freddie Mac) Unit investment trusts (trusts holding a specified group of stocks, bonds, options, or other assets) Royalty trusts (such as trusts holding interests in properties producing gas, oil, or minerals) Commodity trusts (such as certain trusts that hold precious metals) HOLDRS (certain trusts which hold a specified group of stocks) For all of these types of securities, we provide your prorated share of gross income and your prorated share of all expenses, as well as information you may need to accurately report sales and resulting realized gains and losses. For example, this means that we provide your share of all expenses incurred by the trust and your share of all income received by the trust before the trust has made any deductions for expenses. Throughout this guide, when applicable, we will describe how this information appears on your tax reporting statement. Mortgage pool securities information We also wish to advise holders of mortgage pool securities, such as Ginnie Mae, Fannie Mae, and Freddie Mac, that we may mail you additional account tax information in a separate Mortgage Pool Statement by March 15 or 16. Due to IRS deadlines, Fidelity does not receive this information in time to include it in your tax reporting statement. This additional mortgage pool information may make it necessary for us to also send you a corrected tax form. Royalty trust information Additional royalty trust tax information for shareholders, will be available by March 15 or16 on the Royalty Trust Tax Information page. You may find this information useful as you complete your tax returns. If your account was transferred to Fidelity from another brokerage or clearing firm during 2015, your Fidelity tax statement will only include activity from the time you started conducting business with us. Your former brokerage or clearing firm should provide Forms 1099 and any other applicable tax reporting forms for 2015 activity that occurred prior to the transfer. Employer Stock Plan Services accounts Under IRS cost basis regulations brokers are not permitted to include compensation income in the cost basis reported on Form 1099-B for stock plan awards granted or acquired on or after 1/1/2014. Since the Form 1099-B reported basis will not reflect ordinary income, the Supplemental Form provides additional stock plan lot data and compensatory income information to assist with your tax filing process. FAQs The IRS began to require cost basis reporting for certain securities (covered securities) on Form 1099-B, Proceeds from Broker and Barter Exchange Transactions, beginning with tax year 2011. As a result of these new regulations, brokerage firms (including Fidelity) are required to report most cost basis information for sales, redemptions, exchanges, etc. on Form 1099-B for securities that the IRS deems as covered by these regulations. Generally, the regulations define covered securities as: 2011 Stock in a corporation purchased on or after January 1, 2011 (not including stocks eligible for average basis) 2012 Shares of registered investment companies, including open-end mutual funds, and stocks acquired in dividend reinvestment plans (DRIPs), purchased on or after January 1, 2012 2014 Less complex debt securities that have a single fixed payment schedule as well as a maturity date, and were acquired on or after January 1, 2014. Equity options and Section 1256 options, as defined by the IRS, also qualify as covered securities as of the same acquisition date. 2015 Transfer statement reporting (for example, when you move your account from one firm to another) begins for all equity options and less complex debt securities. 2016 Complex debt instruments (acquired on or after January 1, 2016), including those with more than one stated rate of interest, convertible debt, stripped bonds or stripped coupons, non-dollar denominated debt, tax credit bonds, debt with a payment in kind (PIK) feature, foreign debt issued by a non-U. S. issuer, contingent payment debt, and inflation-indexed debt. 2017 Transfer statement reporting by brokers begins for all complex debt issues that are covered as of January 1, 2016. Noncovered securities include the types of securities, described above, whose acquisition and/or disposition dates are older than the applicable dates for covered securities. When the information is available in our records, Fidelity also provides cost basis information for sales, redemptions, and exchanges of noncovered securities in separate sections of Form 1099-B. However, we do not report this cost basis information to the IRS. Furthermore, noncovered options are not reported on Form 1099-B. However, this information can be found on the Short-Term and Long-Term Realized Gain/Loss sections of the Supplemental Form. The following securities are classified as noncovered: Short-term debt (maturity of less than 366 days) Real estate mortgage investment conduits (REMICs) Securities from the Federal National Mortgage Association and the Government National Mortgage Association (Freddy Macs and Ginny Maes) These reporting changes do not mitigate the customers responsibility to accurately complete all required tax forms, including Form 1040, Schedule D. Beginning with tax year 2013, the American Taxpayer Relief Act of 2012 permanently extends the 0 and 15 tax rates for qualified dividends for single filers with taxable incomes below 413,201 and joint filers with taxable incomes below 464,851. The top rate will permanently increase to 20 for filers with taxable incomes above these thresholds. Qualified dividends are generally dividends from domestic corporations and certain qualified foreign corporations for which the requisite holding period(s), described below, are satisfied. In order for the qualified dividends reported to you in Line 1b of Form 1099-DIV to be taxed at one of the lower federal long-term capital gain tax rates, you are required to have held the dividend-paying security unhedged for at least 61 days out of the 121-day period that begins 60 days before the ex-dividend date. If you did not hold the security unhedged for the requisite period, the dividends should be taxable at ordinary income tax rates. See Qualified Dividends for more information. Mutual fund dividends attributable to (i) interest, (ii) dividends on stock issued by certain foreign companies, and (iii) dividends on stock not held by the mutual fund for the requisite holding period will not qualify for long-term capital gain tax rates at which qualified dividends are potentially taxed. All or a portion of mutual fund dividends attributable to short-term capital gains also may not qualify for long-term capital gain tax rates at which qualified dividends are potentially taxed. These dividends will likely comprise a portion of the total ordinary dividends reported in Line 1a of Form 1099-DIV. Mutual fund dividends that are reported as qualified dividends on Line 1b of Form 1099-DIV, but for which a shareholder does not satisfy the requisite holding period for the dividend-paying mutual fund (see previous question), also will not qualify for the lower long-term capital gains tax rates. See Qualified Dividends for more information. Substitute payments in lieu of dividends may be generated where, for example, a security has been lent to a third party (such as a broker) over a dividend record date. If an investor has a margin account debit balance, securities in the account are often eligible to be lent to a broker. If the shares are lent over a record date, the investor should receive a substitute payment equivalent in amount to the dividend but taxable at ordinary income tax rates. Prior to the Jobs and Growth Tax Relief Reconciliation Act of 2003 (JGTRRA), substitute payments and actual dividends were both taxed at the federal level as ordinary income. JGTRRA introduced lower federal rates for qualified dividend income however, substitute payments are not taxed as qualified dividend income and are instead still taxed at ordinary income rates. Substitute payments in lieu of dividends are reported on Line 8 of Form 1099-MISC. See Annual Credit for Substitute Payments for additional information on Fidelitys credit adjustment for substitute payments. There are many types of Other Income, and different rules may apply depending on the type of income you receive. The amount on Form 1099-MISC, line 3, is often reported on the Other Income line of Form 1040, along with a description that identifies it. For information on items reported on Form 1099-MISC, line 3, visit the IRS website or consult your tax advisor. Only income items associated with a particular account are reported on the Form 1099-MISC issued in conjunction with that account. Fidelity must first aggregate items of other income received in conjunction with all accounts using the same Taxpayer ID for which it reports tax information to determine if reporting on Form 1099-MISC, line 3, Other Income, is required. If, based on this aggregated total, reporting is required Fidelity issues a separate form for each of the accounts with which individual items of income are associated, even though the amount of Other Income reported in conjunction with that account may be under 600. Fidelity must adhere to IRS requirements when reporting on Forms 1099-DIV, 1099-INT, and 1099-B, which may result in differences between what is on your monthly and quarterly statements and what is reported to the IRS. For example, transactions on Form 1099-B must be reported based on the trade date even though your statements reflect sales based on the settlement date. Additionally, unlike dividends from individual securities, which are typically taxed in the year the dividends are paid, mutual fund distributions declared as payable to shareholders of record in October, November, or December and paid prior to February 1 st of the following year are taxable to shareholders based on the record date, not when paid. For example, mutual fund distributions with a record date in December 2015, and paid in January 2016, are reported and taxed as 2015 dividend distributions. Dividends and interest earned on foreign securities may be subject to withholding tax by the country from which they were paid. If you held securities that paid dividends or interest that was subject to foreign tax, Form 1099-DIV and Form 1099-INT report the gross amount of the dividends or interest (as applicable) and the amount of tax withheld at the source. You must report the gross amount of the dividend or interest on your tax return however, you may also be able to claim a credit or deduction for the amount of tax paid to foreign countries. If that mutual fund holds more than 50 of its assets in foreign securities at year-end, it may elect to permit shareholders to claim a credit or deduction on their federal income tax returns for their pro-rata portion of the foreign taxes paid. If the election is made, the amount of foreign tax that you may be able to claim as a credit or deduction will be reported on Line 6 of your Form 1099-DIV and that amount will also be included in the dividend amount reported in Line 1a (and if applicable, 1b) of your Form 1099 DIV (i. e. the dividend amount will be gross of the foreign taxes). Under these circumstances, you must report the gross dividend amount on your tax return however you may be able to deduct or receive credit for the foreign taxes. If the mutual fund is not able to, or chooses not to, elect to permit shareholders to claim a credit or deduction for their portion of the foreign taxes paid, those foreign taxes will not be reported on Line 6 of your Form 1099-DIV and will not be included in the dividend amount reported in Line 1a (or Line 1b) of your Form 1099-DIV (i. e. the dividend amount will be net of the foreign taxes). Under those circumstances, you may report that net dividend amount on your tax return but cannot otherwise deduct or receive credit for the foreign tax. For additional 2015 foreign tax credit pass-through information, in late January you will be able to see the Important Information about Foreign Tax Paid letter on the Fidelity Mutual Fund Tax Information page. You may also want to consult your tax advisor or visit the IRS website . This section reports in U. S. dollars (USD) the estimated gain/loss on the foreign currency position that you disposed of in the security purchase. When you acquired that foreign currency position, a USD cost basis was established in that position (as described in the Currency Realized Gain/Loss section and in the footnotes on that section of your statement). Based on changes in exchange rates between that time and the time of the security purchase you experienced a gain or loss in the USD value of that foreign currency position which you realized when you used the foreign currency position to purchase the security. Fidelity is required by the IRS to report gross dividends and gross interest from unit investment trusts (before expenses have been deducted). These expenses are included in the dividend and interest amounts reported on Forms 1099-DIV and 1099-INT and in their associated supplemental detail information sections. The total corresponding expenses are reported on Line 5 of Form 1099-DIV or 1099-INT. Those expenses are itemized, by security in the detail sections. Expenses, included in tax-exempt interest dividends on Form 1099-DIV or in tax-exempt interest on Form 1099-INT, if applicable, are listed separately in the supplementary Tax-Exempt Interest Investment Expense section, near the end of your tax statement. In addition, your reported gross dividends and gross interest could also include any foreign tax paid by the issuer of your security. Due to IRS reporting requirements governing widely held fixed investment trusts (WHFITs), if you owned a unit investment trust (UIT), a security derived from a mortgage pool, or a real estate mortgage investment conduit (REMIC), we report your prorated share of proceeds from the sale of a security held by the trust or conduit as return of principal. We report your share of the gross proceeds, prior to making any deductions for expenses, whether or not you actually received a payment. For example, your UIT may have sold a security in order to cover redemption requests or other expenses. Since all gross income and expenses must be prorated among all unit holders, your share of such proceeds is reported, even if you did not receive any distribution. We are required to report gross return of principal, including expenses, as of the transaction date for the trustthis may often be considerably before the trust made any resulting distributions to individual trust holders. Note: You must generally report on Form 1040, Schedule D, all transactions reported on Form 1099-B, including return of principal. Return of principal transactions may also result in realized gain or loss. Return of principal generally reduces your basis in the affected security. The IRS requires you to use the trade date to determine your holding period. The Date Sold or Disposed on Form 1099-B is the trade date for each sale. Your monthly statement reports settlement date, which is the date by which payment is due. Fidelity is required to report these distributions to you and to the IRS. Nondividend distributions generally reduce your basis in your shares (but not below zero). This becomes important when you sell your shares and need to calculate your gain or loss. However, a nondividend distribution is taxable as (and must be reported as) a capital gain to the extent that it exceeds your adjusted basis in the shares. If you held a limited partnership in 2015, the partnership (not Fidelity) will provide a Schedule K-1 to you. If you held a CMO in 2015, you will receive its income information in a separate Form 1099-OID from Fidelity in mid-March. Starting in 2011, the IRS required us to report short sales in a new way. Any short sale entered into in 2011 or later will not be reported on your 1099-B until you have closed the short sale. In most cases, your 1099-B will show the date that you closed the short sale, the acquisition date of the security used to close the short sale, and the adjusted basis of the security used to close the short sale. If you closed a short sale in 2015 that was opened prior to 2011, this transaction will not appear on your 2015 1099-B, but it will appear in the supplemental Long-Term Realized Gain/Loss section. All gains and losses resulting from closing short sale positions should be reported on Form 1040, Schedule D for the year in which the short position is closed. For more information on short sales, visit the IRS website or consult your tax advisor. With nonqualified stock options (NQSOs), you will generally be taxed when you exercise the stock options and when you sell the stock acquired on exercise. (NQSOs do not meet certain IRS requirements that allow for special tax treatment, such as the treatment received by Incentive Stock Options and Employee Stock Purchase Program shares.) With an NQSO, two separate tax transactions take place. First, when you exercise your option, the difference between the fair market value of the option at the time of exercise and the exercise price is treated as ordinary compensation (wages), which is reported to you on the Form W-2 you receive from your employer. Second, when you sell the stock you acquired on exercise (even if sold at the same time in an exercise-and-sell transaction), the difference between the cost basis of the stock (which will only include the exercise price) and the proceeds from the sale is taxable to you as a capital gain or loss. Those proceeds are reported on your 1099-B. We also provide the capital gain/loss calculated using the adjusted cost basis (which will include the exercise price and the amount included as your wage income at exercise) on the 1099 Supplemental. Here is a hypothetical example to demonstrate the tax treatment of: (1) exercising a nonqualified stock option with an exercise price of 1,000 when the fair market value of the stock acquired at the time of exercise is 1,400 and (2) subsequently selling the stock (acquired upon exercise) for 2,000. Capital gains reported on Form 1099-B Capital gains reported on the 1099 Supplemental 1,000 capital gains 600 capital gains Adjusted cost basis is based on the fair market value (FMV) at the time of exercise, which is also equal to grant price plus ordinary income reported on employer W-2. If you rely instead on estimated cost-basis information provided by Fidelity, bear in mind that such information may not reflect all adjustments necessary for tax reporting purposes. The general tax rules discussed above may not apply to NQSOs that have ascertainable market value at the time of issue, have restrictions at the time of exercise, and/or have other features. Incentive stock options (ISOs) meet IRS requirements for special tax treatment. With ISOs, you do not have to pay ordinary income taxes, Social Security tax, or Medicare taxes at the time you exercise, as long as you hold your shares at least one year from the date of exercise and two years from the grant date. If you decide to sell your shares after meeting both waiting periods, the difference between the sale price and the exercise price is taxable to you as a capital gain or capital loss. The proceeds generated upon sale are reported on your 1099-B. If you sell your shares prior to meeting the specified waiting periods, you are deemed to have entered into a disqualifying disposition of the sold shares, which means you will be required to pay ordinary income taxes generally on the difference between the fair market value at exercise and the exercise price. ISOs may have other tax consequences, as wellin particular, you may need to consider the implications under the alternative minimum tax (AMT). 1099-DIVDividends and Distributions Lists all taxable dividends, long-term capital gain distributions, nondividend distributions, and certain investment expenses, foreign tax paid, and tax-exempt interest dividends and private activity bond interest dividends (mainly from mutual funds or other regulated investment companies). The 1099-DIV information may include dividends and/or distributions from the mutual fund you use as your core money market fund. When computing any Alternative Minimum Tax (AMT) liability, the IRS requires you to include any private activity bond interest dividends in this calculation. Dividends and capital gain distributions reported on Form 1099-DIV must be reported on your federal income tax return regardless of whether they were paid in cash or reinvested. We report all dividends in U. S. dollars (USD). If the dividends that you received were paid in a currency other than USD, we convert the foreign currency dividend amounts into USD and report the USD equivalent on Form 1099-DIV. The dividend amounts that we report may be higher than the amounts that you actually received. For example, if foreign tax was paid, the amount that you may be able to claim as a deduction or credit is reported in Line 6 on Form 1099-DIV and that amount is also included in the dividend amount reported in Line 1a and, if applicable, Line 1b. For this reason, the total dividends reported on the form may be higher than the amount that you actually received. Starting in early February, you will be able to find additional 2015 foreign tax credit pass-through information on the Fidelity Mutual Fund Tax Information page. IRS reporting requirements governing widely held fixed investment trusts (WHFITs) are another situation where Fidelity may report a dividend amount higher than the amount you may have received. If you owned certain unit investment trusts or HOLDRS trusts, Fidelity reports investment expenses on Line 5. We also include those expenses in the dividends reported in Line 1a, because we are required to report gross trust dividends including expenses. Because we are reporting gross dividends, the total dividends reported on the form may be higher than the amount that you actually received. The same situation may occur for tax-exempt interest dividends, reported on line 10. These expenses are not included on line 5. Instead, they are listed in the Supplemental Tax-Exempt Investment Expense section, which you may find near the end of your statement if there are appropriate expenses to report. Investment expenses may be deductible, subject to applicable limitations. For more information, visit the IRS website or consult your tax advisor. 1099INTInterest Income Lists all interest earned on government and corporate debt obligations and short-term certificates of deposit, as well as interest earned from cash in your account. There is a new field on the Form 1099-INT, Line 10 Market Discount and Line 13 Tax-Exempt Bond Premium. Bond Premium is the amount paid above a debt instruments par value. There is a taxpayer election that allows you to choose whether you want to amortize the premium for bonds. The default setting is to amortize, for which the amortized amount would appear on Form 1099-INT line 11 or 13, depending on the taxability of the income. Line 8 reports tax-exempt interest from individual securities, but not from mutual funds or other regulated investment companies. We report those tax-exempt interest dividends on Form 1099-DIV, as described above. In addition to your federal tax return, you may also be required to report this information on your state income tax return. Line 9 reports any applicable specified private activity bond interest. Specified private activity bond interest must be taken into account in computing federal Alternative Minimum Tax (AMT). The tax-exempt interest reported on Line 8 includes this specified private activity bond interest, if any. For more information, visit the IRS website or consult your tax advisor. In addition to federal reporting, Fidelity may be required to report all or a portion of your total exempt income to California, Connecticut, Minnesota, or New York state tax authorities. Line 14 shows CUSIP numbers for tax-exempt securities on which tax-exempt interest was paid to you during the calendar year and reported on Line 8. In cases in which we are reporting tax-exempt interest from more than one CUSIP, the line is marked, various. Due to IRS reporting requirements governing widely held fixed investment trusts (WHFITs), for certain unit investment trusts or mortgage-backed securities distributing taxable interest, Fidelity reports your prorated share of investment expenses in Line 5. Those expenses are also included in the interest reported in Line 1 because we are required to report your share of any unit investment trust or mortgage-backed security gross interest before expenses were subtracted. For this reason, the interest reported on the form may be higher than the amount that you actually received. In the same manner, we also include your prorated share of tax-exempt interest investment expenses in the amount reported in tax-exempt interest on Line 8. We provide details on those expenses in the Tax-Exempt Interest Investment Expenses section (shown if applicable) near the end of the supplemental section of your tax statement. Investment expenses may be deductible, subject to applicable limitations. For more information, visit the IRS website or consult your tax advisor. We report all interest in U. S. dollars (USD). If the interest that you received was paid in a currency other than USD, we convert the foreign currency interest into USD and report the USD-equivalent on Form 1099-INT. 1099MISCMiscellaneous Income Lists other reportable income, such as royalty payments from grantor trusts, other income, and substitute payments made in lieu of dividends. Royalty payments are generally reported on your federal income tax return, Form 1040, Schedule E. Other Income includes credit adjustments for substitute payments in lieu of qualified dividends, or certain credits, adjustments, or other income. Following IRS regulations, Fidelity reports Other Income if you received other miscellaneous income totaling at least 600 during the tax year. We determine your total other income by adding together the other miscellaneous income amounts in all of your accounts (under the same Taxpayer ID) for which National Financial Services LLC (NFS) is the payer. NFS is considered the payer for a number of broker-dealers, including Fidelity Brokerage Services LLC, because of the tax reporting services it performs for them. Substitute payments in lieu of dividends are generally reported on the other income line of your federal income tax return, Form 1040, and should be taxed at ordinary federal income tax rates. See Annual Credit for Substitute Payments for additional information on credit adjustments paid by Fidelity for substitute payments in lieu of qualified dividends. Due to IRS reporting requirements governing widely held fixed investment trusts, if you owned certain royalty or HOLDRS trusts, Fidelity reports various expenses, as well as adjustments which affect the estimated cost basis of your shares, in the applicable supplemental sections of your tax statement. We also include your pro-rated share of those expenses in the royalties (Line 2) reported in the 1099-MISC, because we are required to report your royalties before expenses were subtracted. For this reason, Fidelity may report a higher amount of royalties than the amount that you actually received. Investment expenses may be deductible, subject to applicable limitations. Additional royalty trust information will be available on March 15 or 16. Fidelity may post online additional information relayed to us by the royalty trust. For more information, visit the IRS website or consult your tax advisor. Summary of Proceeds from Broker and Barter Exchange Transactions Lists gross proceeds less commissions from sales. Beginning January 1, 2014, gross proceeds will also be adjusted for option premiums from option contracts purchased and subsequently closed after that date. Summary of Original Issue Discount Lists total original issue discount. 1099BProceeds from Broker and Barter Exchange Transactions Form 1099-B lists all proceeds from the sale or other disposition of stocks, bonds, mutual funds subscription rights expiring with a cash equivalent, taxable tenders and mergers and short sales if opened no earlier than 2011 and closed in 2015. Additionally, the proceeds of all covered option contracts purchased after 12/31/2013 will be listed on Form 1099-B. We report all transactions on a trade-date basis and they are the net amount after commissions. The cost basis reported reflects certain adjustments, if applicable. You may be required to make additional adjustments to properly calculate your taxable gain/loss. We are required to report most 1099-B information to you and the IRS. To complete your federal income tax return, you are required to provide the cost basis for shares you sold in the past year in order to determine your realized gain or loss. Lower tax rates (20, 15, or, for those taxpayers in the two lowest tax brackets, 0) apply to any long-term capital gains realized on the sale or redemption of securities (including the exchange of mutual fund shares). In general customers must report the information from Form 1099-B by completing Form 8949 or Form 1040, Schedule D, available on the IRS website may assist you as you prepare your tax return. Section 1256 Options Contracts Equity and covered index options (also known as Section 1256 options contracts) are now required to be reported on Form 199-B. For these option contracts, we provide a summary of activity, instead of a detailed list of transactions, in a separate section on Form 1099-B. If your account is subject to back-up withholding, well report any Section 1256 option contracts withholdings separately from the summary of activity. Transaction information will be reported in the 1256 Summary while withholding details will be noted in the applicable Short-term or Long-term section. The transaction is reported within the 1256 Summary. The withholding is reported in the appropriate Short-term or Long-term section. Generally, the regulations define covered securities as: 2011 Stock in a corporation purchased on or after January 1, 2011 (not including stocks eligible for average basis) 2012 Shares of registered investment companies, including open-end mutual funds, and stocks acquired in dividend reinvestment plans (DRIPs), purchased on or after January 1, 2012 2014 Less complex debt securities that have a single fixed payment schedule as well as a maturity date, and were acquired on or after January 1, 2014. Equity options and Section 1256 options, as defined by the IRS, also qualify as covered securities as of the same acquisition date. 2015 Transfer statement reporting (for example, when you move your account from one firm to another) begins for all equity options and less complex fixed income securities. 2016 Complex debt instruments (acquired on or after January 1, 2016), including those with more than one stated rate of interest, convertible debt, stripped bonds or stripped coupons, non-dollar denominated debt, tax credit bonds, debt with a payment in kind (PIK) feature, foreign debt issued by a non-U. S. issuer, contingent payment debt, and inflation-indexed debt. 2017 Transfer statement reporting by brokers begins for all complex debt issues that are covered as of January 1, 2016. Noncovered securities include the types of securities, described above, whose acquisition and/or disposition dates are older than the applicable dates for covered securities. When the information is available in our records, Fidelity also provides cost basis information for sales, redemptions, and exchanges of noncovered securities in separate sections of Form 1099-B. However, we do not report this cost basis information to the IRS. The following securities are classified as noncovered: Short-term debt (maturity of less than 366 days) Real estate mortgage investment conduits (REMICs) Securities from the Federal National Mortgage Association and the Government National Mortgage Association (Freddy Macs and Ginny Maes) How Fidelity reports covered and noncovered shares on Form 1099-B Because less complex debt is now eligible to be considered covered, market discount (when recognized at disposition) is reported on Form 1099-B. This information is displayed in columns 1f Code, if any, and 1g Adjustments. If your transaction has either market discount or wash sale amounts to report, then column 1f will be populated with either a D Market Discount or W Wash Sale. The amount of the market discount or wash sale will be shown in column 1g Adjustment. In order to facilitate completing Form 8949 and/or Schedule D, your Form 1099-B presents information in an order similar to the 8949/Schedule D order. Form 1099-B also presents information in as many as six different sections: short-term covered, short-term noncovered, long-term covered, long-term noncovered, a section for transactions whose basis is not reported to the IRS and whose term is unknown, and a section called Section 1256 Option Contracts. Fidelity has provided most of this cost basis information to customers for many years. It is the requirement that we also report cost basis information to the IRS that is at the heart of the changes to Form 1099-B. Prior to 2011, Fidelity provided cost basis information in the Supplemental Realized Gain/Loss Sections of the Tax Reporting Statement. Beginning with tax year 2011, we moved most of this information to Form 1099-B. For every transaction reported on the 1099-B (whether concerning a covered or noncovered security), Fidelity reports the following information to the IRS: Description of Property, Stock or Other Symbol (1a) Date Sold or Disposed (1c) Proceeds (1d) Federal Income Tax Withheld (4). Note that the numbers following each category are equivalent to the ones on the stand-alone IRS Form 1099-B. The cost basis information that we provide to the IRS, when applicable, includes: Date Acquired (1b) The holding period of the security that you sold (short-term, long-term or unknown) (2) Cost or Other Basis (1e) Wash Sale or Market Discount (1f and 1g) Basis is reported to the IRS (3 or 5). The supplemental realized gain/loss sections in your 2015 tax statement continue to provide additional cost basis information for complex debt, for noncovered option contracts, and for security transactions conducted in a currency other than U. S. dollars. Generally, as you complete your tax returns, you must report all transactions from Form 1099-B and any other transactions including those listed on the Supplemental Realized Gain/Loss sections of the tax statement, whether for covered or non-covered securities. Here is a summary of where you will find transaction information for dispositions (i. e. sales, redemptions) of various kinds of securities: Location of cost basis information in your tax statement Foreign equities Foreign Fixed-income securities Complex debt 1099-B Additional information is also provided in the Realized Gain/Loss sections of the supplemental pages Noncovered option contracts Short sales, opened prior to 2011 Supplemental Realized Gain/Loss sections only Reporting short sales Beginning with tax year 2011, the new IRS cost basis reporting rules require us to report on Form 1099-B all short sales in the year in which the short sale is closed. Before tax year 2011, we were also required to report short sales on Form 1099-B, but only when they were opened. Short sales opened prior to 2011 and closed in 2015 are an exception to this rule. Those transactions are reported instead in the Supplemental Realized Gain/Loss sections of your tax statement. In this way, we avoid reporting the same short sale twice to the IRS. The IRS generally requires shareholders to report all short sales in the year that the short sale is closed this is not a change from prior years. Widely held fixed investment trusts (WHFITs) reportingreturn of principal Due to IRS reporting requirements governing WHFITs, we report your prorated share of the sales proceeds from the portfolios of unit investment trusts, securities derived from mortgage pools, or real estate investment conduits (REMICs) as return of principal on Form 1099-B (reported as PRINCIPAL on the form). We report your share of return of principal, whether or not you actually received a payment, because we report gross return of principal before any expenses were deducted. These reported proceeds may not match any distributions that you may have received during the year. Furthermore, for WHFIT securities, due to receipt-based reporting rules, your trust is required to report your prorated share of sales proceeds as of the date that they were sold by the trust and your prorated share of expenses as of the date on which they were incurred by the trust-not on the date any such sales proceeds are distributed to shareholders. This means that you may only receive a return of principal payment, listed on your 2015 Form 1099-B, in January or February 2016. You must generally report return of principal on Form 8949 and/or Schedule D in order to match our reporting to the IRS on Form 1099-B. In addition, you should generally reduce your securitys basis by the amount of the return of principal. Fidelity includes return of principal in our calculation of your estimated cost basis. If your basis is reduced to zero, any additional return of principal should also be reported as a short-term or a long-term gain, depending upon how long you have owned the security. We report all proceeds in U. S. dollars (USD) on Form 1099-B. If the proceeds that you received from a transaction were paid in a currency other than USD, we convert those foreign currency proceeds into USD based on exchange rates on the trade date of the transaction and report those USD-equivalent proceeds on Form 1099-B. We provide additional information regarding such transactions in the Realized Gain/Loss sections of the Supplemental Information pages of this statement. Fidelity will report gross proceeds as well as certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B as required or allowed by law, but such information may not reflect adjustments required for tax purposes. Taxpayers should verify such information when calculating reportable gain or loss. Fidelity specifically disclaims any liability arising out of a customers use of, or any tax position taken in reliance upon, such information. Unless otherwise specified, Fidelity determines cost basis at the time of sale based on the average cost method for open-end mutual funds and based on the first-in, first-out (FIFO) method for all other securities. Consult your tax advisor for further information. 1099OIDOriginal Issue Discount Lists the Original Issue Discount (OID) that you must report for the current year. OID reports the earned portion of the difference between the stated redemption price at maturity (if greater than one year) and the issue price of a bond, debenture, note, or other evidence of indebtedness issued at a discount (e. g. zero-coupon bond, long-term CD) that is attributable to the selected tax year. OID on Treasury obligations, listed in Column 8, is exempt from state and local income taxes. If you hold collateralized debt obligations (CDO), which include real estate mortgage investment conduits (REMIC) and collateralized mortgage obligations (CMO), you may receive a separate 1099-OID form in March to report this OID. You may need to make certain adjustments to this information. For more specific reporting information, visit the IRS website or consult your tax advisor. As part of the 2014 Cost Basis Legislation (CBL) changes, there are two fields on Form 1099-OID: Market Discount (5), and Acquisition Premium(6). For OID bonds, market discount is the difference between the adjusted issue price and the purchase price. The default setting is to recognize this discount at the time of disposition, and report the discount on Form 1099-B. If you elect to have current inclusion, or to calculate accretion daily, then the market discount would be reported on Form 1099-OID (only available for taxable bonds). Acquisition premium is the amount paid above a debt instruments adjusted issue price for taxable bonds. The amortization of this premium is calculated daily, and reported on Form 1099-OID, unless you elect not to amortize. Details of 1099-DIV Transactions The Details of 1099-DIV Transactions section is divided into three subsections: Total Ordinary Dividends and Distributions Detail Total Capital Gains Distributions Detail and Other Distributions, Tax, and Expense Details. Each of these subsections appear only if they apply to the transactions reported on your 1099-DIV. We identify the short-term capital gain distributions portion of ordinary dividend distributions in this section. Generally, short-term capital gain distributions are nonqualified dividends, and as such, are taxed as ordinary income. However, a portion of the short-term capital gain distribution may be a qualified dividend and subject to one of the lower federal long-term capital gain tax rates. Any portion of the short-term capital gain distribution that is potentially subject to one of the lower tax rates is included as qualified dividends in Line 1b. The 2015 Percentage of Income from U. S. Government securities letter for applicable Fidelity Funds will be available in January or February in Fidelitys Tax Center. You may find this letter useful if you received dividends from Fidelity Funds that received income from U. S. Government securities. Form 1099-DIV provides tax-exempt interest dividend and specified private activity bond interest dividend amounts (mainly from mutual funds or other regulated investment companies) on lines 10 and 11. For state tax-exempt information for Fidelity federal tax-exempt funds, in January or February you will be able to see the Percentage of State Tax-Exempt Income letters on the Fidelity Fund-Specific Tax Information page. Any reported foreign tax paid on Line 6 is also included in the dividends reported on Line 1a and, if applicable, Line 1b. For mutual funds, you will see such individual foreign tax entries (Line 6) as part or all of certain matching individual entries for Lines 1a and 1b. For individual securities we do not give such a payment-by-payment accounting. For additional 2015 foreign tax credit pass-through information for Fidelity mutual funds, in January or February. Please visit the Fidelity Mutual Fund Tax Information page in January or February. Due to IRS reporting requirements governing widely held fixed investment trusts (WHFITs) the dividend amounts that we report for these securities may be higher than the amounts that you actually received. In each case this is due to the requirement that we report gross dividends before any expenses have been deducted. For WHFITs, dividends are reported as of the declaration date, not the distribution date. Undistributed income from a unit investment trust (UIT) You may find a 12/31 reporting item from your UIT, listed for Lines 1 and/or 2, which is income undistributed by your trust. Due to IRS reporting requirements, we report this income, even if it was undistributed. Once distributed in the following year, this income will be reported as a positive amount (since you have now received a distribution) and a negative amount (since it was previously listed as an undistributed distribution), thereby avoiding reporting the same distribution twice. Total Capital Gains Distributions Detail Total Capital Gain Distributions (2a) may include, if applicable Unrecaptured Section 1250 Gain (2b), Section 1202 (28) Gain (2c), and Gains from Collectibles (28) (2d). The portion of Capital Gain Distributions subject to 15 Rate Gain is equal to (2a) less amounts shown in columns (2b) through (2d). There is also a separate column, listing these 15 rate gain details in this section. Other Distributions, Tax and Expense Detail Non-dividend distributions, state tax withholding information (applicable this year to a small number of California, Maine, South Carolina, and Vermont residents only), as well as investment expense details and employer-sponsored stock plan liquidation distribution information are all listed in this section. The amount of any non-dividend distributions (column 3) you received generally reduces the basis for the applicable security by the same amount of the distribution. If you owned certain unit investment trusts, or HOLDRS trusts, Fidelity reports the investment expense details for expenses reported on Line 5. We also include those expenses in the dividends that we report. For this reason, the total reported gross dividends may be higher than the amount that you actually received. Investment expenses are generally deductible, subject to applicable limitations. Tax-exempt interest dividend details, reported in column 10, are not included in line 5. Instead, they are listed in the Supplemental Tax-Exempt Investment Expense section which you may find near the end of your statement if there are appropriate expenses to report. For more information, visit the IRS website or consult your tax advisor. Details of 1099-INT Transactions We present Interest Income details in three subsections: Interest Income Details, Tax-Exempt Obligations Interest Income Details, Taxable Obligations and Interest Income Details, Investment Expenses and Withholding. Each of these subsections appear only if they apply to the amounts reported on your 1099-INT. Interest Income Details, Tax-Exempt Obligations We show Tax-Exempt Interest (8) and Specified Private Activity Bond Interest (9), as well as the following fields for the tax-exempt obligations: Bond Premium (11), Noncovered Bond Premium, Market Discount (10), and Noncovered Market Discount. Generally Specified Private Activity Bond Interest must be included in the calculation of Alternative Minimum Tax (AMT). To help make your state tax filing a little easier, we have reformatted this section so tax-exempt bonds are now categorized by state. Interest Income Details, Taxable Obligations We show Interest Income (1), Interest on U. S. Savings Bonds and Treasury Obligations (3) in this subsection, as well as the following fields for taxable obligations: Bond Premium (11), Noncovered Bond Premium, Market Discount (10), and Noncovered Market Discount. IRS reporting requirements governing widely held fixed investment trusts (WHFITs) Due to the WHFIT requirements, we must generally report income based upon the date it is received by the trust and expenses as they are incurred by the trust. Here are some of the reporting consequences: Undistributed income from a unit investment trust (UIT)If your UIT had undistributed 2015 income, you may find it listed as a 12/31 distribution for column 1. We report this income, even though it is undistributed. Once distributed in the following year, this income will be reported on next years tax statement as a positive amount (since you received a distribution) and a negative amount (since it was listed on this years tax statement as an undistributed distribution), thereby avoiding reporting the same distribution twice. Interest income from mortgage-backed securitiesFollowing the IRS reporting requirements, we report income from mortgage-backed securities based on the record date rather than on any subsequent distribution date. As a result you may find interest, distributed by your mortgage-backed security in January or February 2016, reported as 2015 income. We list such interest in the details for column 1, dated 12/31. Interest Income Details, Investment Expenses and Withholding We show the following fields in this section for both tax-exempt and taxable obligations: Federal Income Tax Withheld (4), Investment Expenses (5), Foreign Tax Paid (6), and State Tax Withheld (15-17). Investment expenses (5)If you owned certain unit investment trusts or mortgage-backed securities, Fidelity details the investment expenses reported in column 5. We also incorporate those expenses into the detail interest entries for column 1 of the 1099-INT, because we are required to report unit investment trust interest before expenses have been deducted. For this reason, the reported gross interest amounts may be higher than the amounts that you actually received. In the same manner, we also incorporate your prorated share of tax-exempt interest investment expenses in detail entries for tax-exempt interest (column 8). Tax-exempt interest dividend expenses are not included in Investment Expenses (column 5). Instead, they are listed in the Supplemental Tax-Exempt Investment Expense section which youll find near the end of your statement if there are appropriate expenses to report. For more information, visit the IRS website or consult your tax advisor. Details of 1099-MISC Transactions Substitute payments have been separated into two categories: those that are potentially eligible for a credit adjustment and those that are not. In early April 2016, or soon thereafter when all reclassification information is available, Fidelity expects to provide eligible customers with a credit adjustment for substitute payments received in lieu of qualified dividends during the 2015 tax year. See Annual Credit for Substitute Payments for more information on Fidelitys credit adjustment for substitute payments in lieu of dividends, including how the credit is calculated. You should include any credit adjustments you received in 2015 for substitute payments in lieu of qualified dividends received during the 2014 tax year in your income for 2015. Column 3 includes these adjustments, only if the total of all other income reportable to you on that column reaches the reporting threshold for that form. You may, therefore, need to consult your account statements to determine the credit adjustment amount, if any, to report on your tax return. The annual credit adjustment program is not guaranteed to remain in effect indefinitely. Fidelity reserves the right to amend or terminate the program. Due to IRS reporting requirements governing widely held fixed investment trusts (WHFITs), if you owned certain royalty or HOLDRS trusts, Fidelity reports various expenses, as well as adjustments which affect the estimated cost basis of your shares, in the applicable supplemental sections of your tax statement. We also include your pro-rated share of each of those expenses as separate items listed as royalty income (column 2) entries. The regulations require us to report your royalties before subtracting expenses. For this reason, the total royalty amounts reported on the form may be greater than the amount that you actually received. Investment expenses may be deductible, subject to applicable limitations. Additional royalty trust tax information for shareholders will be available on the Tax Statement Guides page on March 15 or 16. You may be eligible for the credit adjustment with respect to a substitute payment in lieu of dividends on a security on loan if (1) you are a U. S. person (including U. S. citizens and resident aliens), (2) you received the substitute payment in an account registered as an individual, joint, trust, estate, or pass-through entity type (partnership, LLC, LLP, etc.), (3) the account is open at the time the credit adjustment is made, and (4) you would have been eligible to treat (and report to the IRS) the dividend paid on the security on loan as a qualified dividend had the security not been on loan and had you received the dividend paid on that security rather than the substitute payment in lieu of the dividend. (You will generally satisfy this condition if the applicable security is from a domestic corporation or a qualified foreign corporation, and you would have held the security unhedged for the requisite holding period for qualified dividend treatment.) Generally, qualified dividends are those paid on shares of domestic corporations and certain eligible foreign corporations, as long as the shares are held unhedged for the requisite period of time. Fidelity reserves the right to deny the credit adjustment to any customer who Fidelity determines will be ineligible to receive the tax benefit of the reduced qualified-dividend tax rate and to amend the eligibility terms of the program. Short-Term Realized Gain/Loss Due to IRS cost basis reporting rules, certain aspects of Fidelitys cost basis reporting changed beginning with tax year 2011. Here is a summary of where you will find realized gain/loss transaction information for various kinds of securities. Location of cost basis information in your tax statement Equities Mutual funds and other securities in dividend reinvestment plans Less complex debt Short sales opened in 20112015 and closed during 2015 Covered option contracts Foreign equities Foreign fixed-income securities Complex debt 1099-B Additional information is also provided in the Realized Gain/Loss sections of the supplemental pages Noncovered option contracts Short sales, opened prior to 2011 and closed in 2015 Foreign currency transactions Realized Gain/Loss sections only The Short-Term Realized Gain/Loss section provides information that may be helpful when completing Form 8949 and/or Form 1040, Schedule D. If this section appears on your report, refer to Help Completing Your Form 1040, Schedule D for more information. If you purchased a security in a foreign currency, then following its sale or disposition, this section provides both the cost in that currency and the estimated United States dollar (USD) cost basis in the Cost Basis column (determined based on the USD equivalent of the foreign currency cost as of the trade date of purchase). If you sold a security in a foreign currency, this section provides both the foreign currency proceeds and the USD equivalent of those foreign currency proceeds (as of the trade date of the sale) in the Proceeds column. See the footnotes on this section of your statement for additional information about our calculations of USD proceeds and USD cost basis in connection with these types of transactions. Note that if you sold or otherwise disposed of a debt instrument that is denominated in a currency other than USD or that makes a payment calculated by reference to the value of a currency other than USD, certain tax rules may require you to treat as ordinary income/loss all or a portion of your realized gain/loss. Consult your tax advisor for more information regarding reporting of transactions made in a foreign currency. In general, an extraordinary dividend is a dividend which exceeds 10 of your tax basis in your stock. If you received a dividend deemed as an extraordinary dividend on stock held in your account, subsequent losses realized on the sale of such stock may be treated as long-term capital losses to the extent of the extraordinary dividend regardless of how long you held the stock. If you believe you received an extraordinary dividend, visit the IRS website or consult your tax advisor. Fidelity will report gross proceeds as well as certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B as required or allowed by law, but such information may not reflect adjustments required for your tax reporting purposes. Taxpayers should verify such information when calculating reportable gain or loss. Fidelity specifically disclaims any liability arising out of a customers use of, or any tax position taken in reliance upon, such information. Unless otherwise specified, Fidelity determines cost basis at the time of sale based on the average cost method for open-end mutual funds and based on the first-in, first-out (FIFO) method for all other securities. Consult your tax advisor for further information. Details of 1099-OID Transactions Securities in the Original Issue Discount details section marked with an (A) in the Total column report the actual accrual information based on the purchase price of the non--real estate mortgage investment conduits (REMIC) securities. For all other securities, Fidelity uses the default from IRS Publication 1212, Guide to Original Issue Discount Instruments (PDF) to estimate the accrual amount. If you hold collateralized debt obligations (CDO), which include real estate mortgage investment conduits (REMIC) and collateralized mortgage obligations (CMO), you may receive a separate 1099-OID form in March to report this OID. You may need to make certain adjustments to this information. Consult your tax advisor or see IRS Publication 1212, Guide to Original Issue Discount Instruments (PDF) for more specific reporting information. Long-Term Realized Gain/Loss Here is a summary of where you will find transaction information for various kinds of securities. Location of cost basis information in your tax statement Equities Mutual funds and other securities in dividend reinvestment plans Less complex debt Short sales opened in 20112015 and closed during 2015 Covered option contracts Foreign equities Foreign fixed-income securities Complex debt 1099-B Additional information is also provided in the Realized Gain/Loss sections of the supplemental pages Noncovered option contracts Short sales, opened prior to 2011 and closed in 2015 Foreign currency transactions Realized Gain/Loss sections only The Long-Term Realized Gain/Loss section provides information that may be helpful when completing Form 1040, Schedule D. If this section appears on your report, refer to Help Completing Your Form 1040, Schedule D for more information. If you purchased a security in a foreign currency, then following its sale or disposition, this section provides both the cost in that currency and the estimated U. S. dollar (USD) cost basis in the Cost Basis column (determined based on the USD equivalent of the foreign currency cost as of the trade date of purchase). If you sold a security in a foreign currency, this section provides both the foreign currency proceeds and the USD equivalent of those foreign currency proceeds (as of the trade date of the sale) in the Proceeds column. See the footnotes on this section of your statement for additional information about our calculations of USD proceeds and USD cost basis in connection with these types of transactions. Note that if you sold or otherwise disposed of a debt instrument that is denominated in a currency other than USD or that makes a payment calculated by reference to the value of a currency other than USD, certain tax rules may require you to treat as ordinary income/loss all or a portion of your realized gain/loss. Consult your tax advisor for more information regarding reporting of transactions made in a foreign currency. In general, an extraordinary dividend is a dividend which exceeds 10 of your tax basis in your stock. If you received a dividend deemed as an extraordinary dividend on stock held in your account, subsequent losses realized on the sale of such stock may be treated as long-term capital losses to the extent of the extraordinary dividend regardless of how long you held the stock. If you believe you received an extraordinary dividend, visit the IRS website or consult your tax advisor. Fidelity will report gross proceeds as well as certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B as required or allowed by law, but such information may not reflect adjustments required for your tax reporting purposes. Taxpayers should verify such information when calculating reportable gain or loss. Fidelity specifically disclaims any liability arising out of a customers use of, or any tax position taken in reliance upon, such information. Unless otherwise specified, Fidelity determines cost basis at the time of sale based on the average cost method for open-end mutual funds and based on the first-in, first-out (FIFO) method for all other securities. Consult your tax advisor for further information. Currency Realized Gain/Loss This section of your statement provides information regarding certain transactions in which a customer disposes of foreign currency, namely exchanges of foreign currency for U. S. dollars (USD), exchanges of foreign currency for a security, and exchanges of foreign currency for a different foreign currency. It provides estimated cost basis, proceeds, and gain/loss information for the currency disposed of in any of the foregoing transactions. Under certain tax rules, gain/loss realized on these types of transactions may be treated as ordinary income/loss If you originally acquired the foreign currency in exchange for USD, then the estimated cost basis we provided in this section is generally that USD purchase price. If you originally acquired the foreign currency in exchange for another foreign currency, then we determined the estimated cost basis by converting the foreign currency purchase price into USD based on exchange rates on the trade date of the purchase. If you originally acquired the foreign currency in another type of taxable transaction (e. g. as proceeds from the sale of the security or as a dividend), then we determined the estimated cost basis by converting the foreign currency into USD based on exchange rates on the date of that earlier transaction. If you sold the currency in exchange for USD, then the proceeds in this section are those USD proceeds. If you used the foreign currency to purchase a security or another foreign currency, then we determined the proceeds by converting the disposed currency into USD based on exchange rates on the trade date of that transaction. For tax reporting purposes, you may be required to determine your actual USD cost basis, proceeds, and gain/loss based on the exchange rates on the settlement dates of the applicable transactions. Gains or losses from these types of currency transactions are generally reportable as ordinary income on Form 1040. See the footnotes on this section of your statement for additional information about our calculations of USD proceeds and USD cost basis in connection with these types of transactions. Fidelity will report gross proceeds as well as certain cost basis and holding period information to you and to the IRS on your annual Form 1099-B as required or allowed by law, but such information may not reflect adjustments required for your tax reporting purposes. Taxpayers should verify such information when calculating reportable gain or loss. Fidelity specifically disclaims any liability arising out of a customers use of, or any tax position taken in reliance upon, such information. Unless otherwise specified, Fidelity determines cost basis at the time of sale based on the average cost method for open-end mutual funds and based on the first-in, first-out (FIFO) method for all other securities. Consult your tax advisor for further information. Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. 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