|
Posted by Arthur Kamlet on February 17, 2008, 8:24 pm
Please log in for more thread options
>Hi,
>
> I have a brokerage account at fidelity which includes, among other
>things, an ETF - DBC, to be specific. My 1099s from fidelity make no
>mention of any interest/distributions/etc from this ETF.
>
>Now, I got a K-1 form directly from Powershares with interest listed
>for this ETF.
>
>Since fidelity did not include this in the 1099, does that mean this
>is somehow not taxable, or it gets reflected in the ETF NAV or cost
>basis and only matters when i finally sell the ETF? Or, does fidelity
>just leave the ETFs out of its 1099s and I have to separately enter it
>into my taxes each year?
If Fidelity did this right, the K-1 information has to be added to
your 1040.
--
ArtKamlet at a o l dot c o m Columbus OH K2PZH
--
<< ------------------------------------------------------- >>
<< The foregoing was not intended or written to be used, >>
<< nor can it used, for the purpose of avoiding penalties >>
<< that may be imposed upon the taxpayer. >>
<< >>
<< The Charter and the Guidelines for submitting posts >>
<< to this newsgroup as well as our anti-spamming policy >>
<< are at www.asktax.org. >>
<< Copyright (2007) - All rights reserved. >>
<< ------------------------------------------------------- >>
| 
Yahoo! 
Google 
Windows Live 
del.icio.us 
digg 
Netscape 
XML Sitemap