Is a corporation eligible to claim a dividends-received deduction with respect to qualified dividends reported in the Dividends and Distributions section of the Informational Tax Statement?
Not necessarily. The qualified dividend distributions reported include distributions of qualified dividends received from foreign corporations (for which the dividends received deduction cannot be claimed). If you received a dividend distribution from a Fidelity mutual fund reported in line 1a in the Dividends and Distributions section of the Informational Tax Reporting Statement that may qualify for the corporate deduction for dividends received, in mid–February you will be able to see the Percentage of Dividends Received which May Qualify for a Deduction letter on the Fidelity Fund–Specific Tax Information page in the Tax Center on Fidelity.com. This letter identifies the percentage of each dividend distribution from a Fidelity mutual fund reported in line 1a that is attributable to dividends received by the fund from domestic corporations and which may qualify for the corporate deduction for dividends received.
Related Questions
- Is a corporation eligible to claim a dividends-received deduction with respect to qualified dividends reported in the Dividends and Distributions section of the Informational Tax Statement?
- Is a corporation eligible to claim a dividends–received deduction with respect to qualified dividends reported in the Dividends and Distributions section of the Informational Tax Statement?
- How do I determine which of the dividends reported as qualified dividends on Form 1099–DIV are eligible to be taxed at one of the lower federal long–term capital gain tax rates of 15% or 0%?
