Fidelity Tax Forms When and How to Access Them

Last Updated: May 09, 2023 6 min read

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Fidelity Tax Forms When and How to Access Them

For Fidelity customers, knowing when and how to access tax forms is crucial to ensure a smooth tax filing process. In this article, we'll discuss when Fidelity sends tax forms, how to access them, and other essential details to help you file your taxes accurately and on time.

Fidelity Tax Form Release Dates

End of January: Form W-2 and Form 1099-DIV

Fidelity sends tax forms in a timely manner to help its customers meet the tax filing deadline. For the current tax year, Fidelity will begin sending out Form W-2 and Form 1099-DIV by the end of January. Form W-2 is for employees who receive a salary, while Form 1099-DIV is for those who have earned dividend income from their Fidelity mutual funds or individual stocks.

February 15th: Form 1099-R and Form 1099-B

By February 15th, Fidelity customers should expect to receive their Form 1099-R and Form 1099-B. Form 1099-R is for those who have taken a distribution from their Fidelity retirement accounts, such as traditional IRAs and Roth IRAs. Form 1099-B is for investors who have made any sale of securities, resulting in capital gains or losses during the calendar year.

How to Access Fidelity Tax Forms

Accessing your Fidelity tax forms is a straightforward and user-friendly process that can be accomplished through various channels, ensuring you have the flexibility and convenience you need during tax season. Whether you prefer using the Fidelity website or mobile app, you can quickly and easily find the forms you need to file your taxes accurately and on time.

Fidelity Account Dashboard

Fidelity customers can easily access their tax forms online through their Fidelity account dashboard. Log in to your account and navigate to the "Tax Forms & Documents" section to view and download your tax forms as a PDF file. The Fidelity mobile app also provides an option to access tax forms on the go.

Fidelity will send email notifications to its customers when their tax forms are available. Ensure that your email address is up to date and check your communication preferences in your Fidelity account settings to receive these notifications.

What To Do If You Haven't Received Your Tax Forms

What To Do If You Haven't Received Your Tax Forms

If you haven't received your Fidelity tax forms by mid-February, contact Fidelity's customer service specialists for assistance. They will help you access the forms you need and provide additional information on any specific situation you may have.

Fidelity's Tax Statement and Other Documents

Fidelity's tax statement, which provides a summary of your investment income, capital gains, and other tax-related information, is also available on the Fidelity account dashboard. Additionally, customers with non-retirement accounts may receive a separate statement detailing their wash sale amount and other investment gains.

Tips For Filing Your Taxes With Fidelity

  • Double-check the accuracy of your personal information, such as your Social Security number or Taxpayer Identification Number, on your Fidelity tax documents.
  • Consult a tax expert or tax professional if you're unsure about any aspect of your tax return or need tax advice.
  • Keep a copy of your Fidelity tax forms and any other relevant documents for your records.
  • Consider using tax preparation software, like H&R Block or TurboTax, to assist you in filing your taxes accurately and efficiently.

Reporting Investment Earnings and Losses

When filing your tax return, it's essential to report your investment earnings and losses accurately. Fidelity tax forms, such as Form 1099-DIV and Form 1099-B, provide the necessary information to report your taxable income, including qualified dividends and capital gains. If you hold individual stocks or index funds in your Fidelity brokerage accounts, pay special attention to the details on these forms to ensure you're reporting the correct amounts.

Contributing to Retirement Accounts

During tax season, consider reviewing your Fidelity retirement accounts, such as traditional IRAs and Roth IRAs, to ensure you're maximizing your contribution limits. In some cases, contributing to a retirement account can lower your taxable income and result in potential tax savings. Be aware of the IRS requirements and deadlines for contributions, which may differ depending on your account type and individual situation.

Employee Stock Options and Fidelity Funds

If you have employee stock options or are invested in specific Fidelity funds, such as the Fidelity Contrafund or Fidelity Growth Company Fund, you may have additional income to report on your tax return. Review your Fidelity tax documents, such as Form W-2 and Form 1099-B, for accurate information on these investments and consult a tax expert if necessary.

Tax Implications of Mutual Funds and Vanguard Funds

Tax Implications of Mutual Funds and Vanguard Funds

If you hold mutual funds or Vanguard funds in your Fidelity account, review the tax implications of these investments. Mutual funds and index funds may distribute capital gains and dividends, which can affect your taxable income. Understanding the tax impact of these distributions can help you make informed decisions about your investments and potentially reduce your tax liability.

Tax Resources and Advisory Services

Fidelity offers a range of tax resources and advisory services to help its customers navigate the complexities of tax season. The Fidelity website includes a Tax Center with general information, FAQs, and specific information about tax forms and deadlines. For customers seeking personalized tax advice, Fidelity provides access to a network of tax professionals through its partnership with H&R Block. These tax experts can help you understand your individual tax situation and recommend strategies to optimize your tax outcome.

Protecting Your Personal Information

During tax season, it's crucial to take extra measures to protect your personal information. Fidelity takes the security of its customers' information seriously and adheres to the California Consumer Privacy Act and other data privacy regulations. When accessing your Fidelity tax forms online or via the Fidelity app, ensure that you're using a secure internet connection and avoid sharing sensitive information over public Wi-Fi networks.

Preparing for Next Year's Tax Season

As you wrap up your tax return for this year, start planning for the following year to make the process even smoother. Keep track of your investment income and capital gains throughout the year, and update your Fidelity account with any changes to your personal information, such as a new email address or phone number. By staying organized and proactive, you can make tax time less stressful and potentially uncover additional opportunities to save on your taxes.

Knowing when Fidelity sends tax forms and understanding how to access them is essential for a smooth and efficient tax filing process. By following the tips and advice in this article, Fidelity customers can confidently navigate tax season and ensure they're reporting their investment income and other financial details accurately.

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