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 column 1a in the Dividends and Distributions section of the Informational Tax Reporting Statement that may qualify for the corporate deduction for dividends received, in early 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. This letter identifies the percentage of each dividend distribution from a Fidelity mutual fund reported in column 1a that is attributable to dividends received by the fund from domestic corporations and which may qualify for the corporate deduction for dividends received.
