Why is there a difference between the information on my Fidelity statement vs. what is reported to the IRS?
Fidelity must adhere to IRS requirements on Forms 1099, which may result in differences between what is on your monthly and quarterly statements and what is reported to the IRS. For example, the IRS requires that transactions on Form 1099-B be reported on a trade-date basis, even though your statements reflect sales on a settlement-date basis. Additionally, mutual fund distributions declared as payable to shareholders of record in December 2007, and paid in January 2008, are taxable as 2007 distributions and reported on Form 1099-DIV for the 2002 reporting year.
