topic Fidelity 1099-DIV in Get your taxes done using TurboTax

Fidelity 1099-DIV

mtt — Tue, 18 Mar 2025 20:18:18 GMT

My 1099-DIV, under 1a, there is Fidelity Blue Chip Growth and Fidelity Government Cash Reserves. Each has two different ordinary dividends amount. Do I just total the two ordinary dividends amounts and enter that amount or do I create another 1099-DIV for Fidelity Government Cash Reserves?

Re: Fidelity 1099-DIV

DavidD66 — Tue, 18 Mar 2025 20:28:03 GMT

It sounds like you have funds held directly by the mutual fund company (Fidelity) as opposed to owning funds in a brokerage account. When your funds are held at the fund company, each fund has to be reported separately. Each of them should have their own Tax ID #. If this is the case, you will have to enter each one as a separate Form 1099-DIV or 1099-INT, if there is any interest paid.

Re: Fidelity 1099-DIV

baldietax — Tue, 18 Mar 2025 20:33:07 GMT

just enter the total in 1a which should be same as provided by Fidelity on the 1099-DIV form at the front of your statement. I can't think of a reason to split these.

For the US Gov Obligations $ amount, if you are looking for state tax exemption on that, you need to calculate that for each fund based on their contribution to Box 1a multiplied by the % provided for each fund in the supplemental info (see Fidelity website / tax resources - likely low % for blue chip growth, high % for gov cash reserves). Those $ amounts can then be entered as a single total.