2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage)...

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IMPORTANT TAX INFORMATION 2017: Important Information for Individuals about Foreign Tax Paid The Fidelity funds listed below paid taxes outside the United States on income from foreign investments during 2017. These funds elected to pass through to their shareholders the foreign taxes paid on these investments. If you are a shareholder in one or more of these funds, you may be able to claim a credit or an itemized deduction on your federal tax return for your share of the amount of tax paid to foreign countries. Generally, a tax credit, if available, is more advantageous than a tax deduction. Finding Your Reportable Amount of Foreign Tax Paid by Your Fidelity Fund(s) Fidelity reports your share of foreign tax paid by the mutual funds you owned during the year on your 1099 Tax Reporting Statement: For Fidelity Brokerage Accounts — Go to the Supplemental Information portion of your Tax Statement, find the Total Ordinary Dividends and Distributions Detail subsection, column 6, in the Details of 1099-DIV Transactions. For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 6. Claiming a Tax Deduction To claim foreign tax paid as an itemized deduction, use IRS Form 1040, Schedule A. Claiming a Tax Credit To claim foreign tax paid as a tax credit, note the following: (1) If your total creditable foreign taxes paid are not more than $300 ($600 if married filing jointly) and you meet all the other requirements listed in the IRS Instructions for Form 1040, you may elect to claim a foreign tax credit directly on Form 1040, line 48, without regard to the foreign tax credit limitation and without filing Form 1116, Foreign Tax Credit (Individual, Estate, or Trust). This election is not available to estates or trusts. (2) If your total creditable foreign taxes paid are more than $300 ($600 if married filing jointly) or you are otherwise ineligible to take advantage of reporting the foreign tax credit directly on Form 1040, line 48, you generally will be required to file Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), with your Form 1040. When completing Form 1116, you may be required to report your share of foreign taxes paid by each fund and your foreign source income received from each fund. To determine your share of foreign source income received from a fund, you can use one of two methods: Method 1: To calculate your foreign source income, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source income percentage shown for that fund on the following pages. This method can only be used if (1) the highest rate of tax imposed on your taxable income (excluding net capital gain and qualified dividend income) is at or below 28%, and (2) your cumulative foreign qualified dividend income and foreign long-term capital gains from all sources are less than $20,000. To calculate your foreign qualified dividend income from a Fidelity fund, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source qualified dividend percentage shown for that fund on the following pages. 423896.17.0 1.468574.124 Fidelity Investments and pyramid design logo are registered service marks of FMR LLC. © 2018 FMR LLC. All rights reserved.

Transcript of 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage)...

Page 1: 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If

IMPORTANT TAX INFORMATION

2017: Important Information for Individuals about Foreign Tax Paid

The Fidelity funds listed below paid taxes outside the United States on income from foreign investments during 2017. These funds elected to pass through to their shareholders the foreign taxes paid on these investments. If you are a shareholder in one or more of these funds, you may be able to claim a credit or an itemized deduction on your federal tax return for your share of the amount of tax paid to foreign countries. Generally, a tax credit, if available, is more advantageous than a tax deduction.

Finding Your Reportable Amount of Foreign Tax Paid by Your Fidelity Fund(s)Fidelity reports your share of foreign tax paid by the mutual funds you owned during the year on your 1099 Tax Reporting Statement:

For Fidelity Brokerage Accounts — Go to the Supplemental Information portion of your Tax Statement, find the Total Ordinary Dividends and Distributions Detail subsection, column 6, in the Details of 1099-DIV Transactions.

For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 6.

Claiming a Tax DeductionTo claim foreign tax paid as an itemized deduction, use IRS Form 1040, Schedule A.

Claiming a Tax CreditTo claim foreign tax paid as a tax credit, note the following:

(1) If your total creditable foreign taxes paid are not more than $300 ($600 if married filing jointly) and you meet all the other requirements listed in the IRS Instructions for Form 1040, you may elect to claim a foreign tax credit directly on Form 1040, line 48, without regard to the foreign tax credit limitation and without filing Form 1116, Foreign Tax Credit (Individual, Estate, or Trust). This election is not available to estates or trusts.

(2) If your total creditable foreign taxes paid are more than $300 ($600 if married filing jointly) or you are otherwise ineligible to take advantage of reporting the foreign tax credit directly on Form 1040, line 48, you generally will be required to file Form 1116, Foreign Tax Credit (Individual, Estate, or Trust), with your Form 1040. When completing Form 1116, you may be required to report your share of foreign taxes paid by each fund and your foreign source income received from each fund.

To determine your share of foreign source income received from a fund, you can use one of two methods:

Method 1: To calculate your foreign source income, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source income percentage shown for that fund on the following pages.

This method can only be used if (1) the highest rate of tax imposed on your taxable income (excluding net capital gain and qualified dividend income) is at or below 28%, and (2) your cumulative foreign qualified dividend income and foreign long-term capital gains from all sources are less than $20,000. To calculate your foreign qualified dividend income from a Fidelity fund, multiply the Total Ordinary Dividends (1a) amount reported for that fund by the foreign source qualified dividend percentage shown for that fund on the following pages.

423896.17.0 1.468574.124

Fidelity Investments and pyramid design logo are registered service marks of FMR LLC.© 2018 FMR LLC. All rights reserved.

Page 2: 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If

1 Qualified dividends are generally dividends on stock from domestic corporations and certain qualified foreign corporations for which certain holding period requirements are satisfied. Qualified dividends are taxed at reduced federal income tax rates and those ordinary dividends that may qualify to be taxed at one of those reduced rates are reported as qualified dividends on Form 1099-DIV.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

Method 1 should also be used if you cannot treat any portion of your foreign dividends as qualified dividends (for example, if you did not satisfy the holding period requirement for qualified dividends).

Method 2: If you do not satisfy the requirements to use Method 1, you are required to adjust the amount of foreign source income that is attributable to foreign qualified dividends as part of the foreign tax credit calculation on IRS Form 1116. The foreign source income percentage and foreign source qualified dividend percentage for each fund (which are needed for the calculation) are shown on the following pages.

Finding Your Ordinary Dividends (1a) Amount per Fund For Fidelity Brokerage Accounts — Go to the Supplemental Information portion of your Tax Statement, find the Total Ordinary Dividends and Distributions Detail subsection, column 1a, in the Details of 1099-DIV Transactions.

For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a.

Note: If you did not hold your shares for 16 days within the 31-day period beginning 15 days before the ex-dividend date, you may not be eligible to claim a foreign tax credit.

For more information about calculating foreign source income attributable to foreign qualified dividends,1 or about reporting foreign taxes paid more generally, please see the instructions to Form 1116 (http://www.irs.gov/pub/irs-pdf/i1116.pdf) and the IRS website (http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Tax-Credit-Compliance-Tips) or IRS Publication 514 (http://www.irs.gov/pub/irs-pdf/p514.pdf).

We suggest that you consult your tax advisor, who is most familiar with your circumstances, to determine how to report foreign taxes paid on your tax return.

If you have any questions or need additional information, please visit our website at Fidelity.com/tax or call our client services line at 800-544-6666. Fidelity Representatives are available 24 hours a day, 7 days a week.

Page 3: 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If

2017 Fidelity Funds Foreign Source Income Percentages for Non-Corporate Accounts

Fund Name Fund Number

Distribution Date

Foreign Source Income

Percentage*

Foreign Source Qualified Dividend Income Percentage

Fidelity Advisor Asset Manager® 20%: All Classes Various 12/26/17 15.9327% 12.1207%

Fidelity Advisor Asset Manager® 30%: All Classes Various 12/26/17 24.8542% 18.7039%

Fidelity Advisor Asset Manager® 40%: All Classes Various 12/26/17 24.9192% 18.7080%

Fidelity Advisor Asset Manager® 50%: All Classes Various 12/26/17 22.1694% 16.5829%

Fidelity Advisor Asset Manager® 60%: All Classes Various 12/26/17 19.8930% 14.8100%

Fidelity Advisor Asset Manager® 70%: All Classes Various 12/26/17 21.6944% 16.1247%

Fidelity Advisor Asset Manager® 85%: All Classes Various 12/26/17 25.4474% 18.9159%

Fidelity Advisor® Canada Fund: All Classes Various 12/08/17 100.0000% 94.9374%

Fidelity Advisor® China Region Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Diversified International Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Emerging Asia Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Emerging Europe, Middle East, Africa (EMEA) Fund: All Classes

Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Emerging Markets Discovery Fund: All Classes

Various 12/15/17 71.9668% 38.3199%

Fidelity Advisor® Emerging Markets Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Europe Fund: All Classes Various 12/15/17 70.6821% 64.5150%

Fidelity Advisor® Global Capital Appreciation Fund: All Classes Various 12/08/17 29.3828% 21.4322%

Fidelity Advisor® Global Commodity Stock Fund: All Classes Various 12/08/17 79.9936% 60.4909%

Fidelity Advisor® Global Equity Income Fund: All Classes Various 04/07/17 100.0000% 100.0000%

07/07/17

10/06/17

12/15/17

Fidelity Advisor® Global Strategies Fund: All Classes Various 07/07/17 0.8871% 0.6993%

12/28/17 40.8753% 33.0088%

Fidelity Advisor® Gold Fund: All Classes Various 04/12/17 28.2592% 28.2592%

Fidelity Advisor® International Capital Appreciation Fund: All Classes

Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® International Discovery Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® International Growth Fund: All Classes Various 12/08/17 100.0000% 100.0000%

12/28/17

Fidelity Advisor® International Real Estate Fund: All Classes Various 09/15/17 100.0000% 46.4882%

12/15/17 63.2022% 38.5921%

Fidelity Advisor® International Small Cap Fund: All Classes Various 12/08/17 82.4055% 70.6869%

Fidelity Advisor® International Small Cap Opportunities Fund: All Classes

Various 12/08/17 79.6400% 74.8985%

12/28/17 0.0000% 0.0000%

Fidelity Advisor® International Value Fund: All Classes Various 12/08/17 100.0000% 93.3627%

Fidelity Advisor® Japan Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Advisor® Latin America Fund: All Classes Various 12/08/17 100.0000% 34.3900%

12/28/17

Fidelity Advisor® Overseas Fund: All Classes Various 12/08/17 100.0000% 100.0000%

* Please note that the foreign source income percentage has not been adjusted for qualified dividends from foreign corporations. As discussedabove, you may need to adjust your foreign source income if it is attributable to foreign qualified dividends.

Page 4: 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If

Fund Name Fund Number

Distribution Date

Foreign Source Income

Percentage*

Foreign Source Qualified Dividend Income Percentage

Fidelity Advisor® Total Emerging Markets Fund: All Classes Various 12/15/17 75.5128% 28.2822%

Fidelity Advisor® Total International Equity Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity Asset Manager® 20%: Retail Class 0328 12/26/17 15.9327% 12.1207%

Fidelity Asset Manager® 30%: Retail Class 1957 12/26/17 24.8542% 18.7039%

Fidelity Asset Manager® 40%: Retail Class 1958 12/26/17 24.9192% 18.7080%

Fidelity Asset Manager® 50%: Retail Class 0314 12/26/17 22.1694% 16.5829%

Fidelity Asset Manager® 60%: Retail Class 1959 12/26/17 19.8930% 14.8100%

Fidelity Asset Manager® 70%: Retail Class 0321 12/26/17 21.6944% 16.1247%

Fidelity Asset Manager® 85%: Retail Class 0347 12/26/17 25.4474% 18.9159%Fidelity® Canada Fund 0309 12/08/17 100.0000% 94.9374%

Fidelity® China Region Fund 0352 12/08/17 100.0000% 100.0000%

Fidelity® Diversified International Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity® Diversified International K6 Fund 2947 12/08/17 29.5600% 29.3403%

Fidelity® Emerging Asia Fund 0351 12/08/17 100.0000% 82.1230%

Fidelity® Emerging Europe, Middle East, Africa (EMEA) Fund 2053 12/08/17 100.0000% 100.0000%

Fidelity® Emerging Markets Discovery Fund 2374 12/15/17 71.9668% 38.3199%

Fidelity® Emerging Markets Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity® Emerging Markets Index Fund: All Classes Various 12/08/17 93.0000% 54.1778%

Fidelity® Europe Fund 0301 12/15/17 70.6821% 64.5150%

Fidelity FlexSM International Fund 2918 12/08/17 46.1439% 42.0212%

Fidelity FlexSM International Index Fund 2922 12/08/17 62.8286% 49.8267%

Fidelity® Four-in-One Index Fund 0355 04/12/17 0.0000% 0.0000%

12/28/17 32.5510% 26.6358%

Fidelity® Global Commodity Stock Fund 2120 12/08/17 79.9936% 60.4909%

Fidelity® Global Equity Income Fund 2406 04/07/17 95.5784% 83.5214%

07/07/17

10/06/17

12/15/17

Fidelity® Global ex U.S. Index Fund: All Classes Various 12/08/17 96.3041% 81.0420%

Fidelity® Global Strategies Fund 1960 07/07/17 0.8871% 0.6993%

Fidelity® International Capital Appreciation Fund 0335 12/08/17 100.0000% 100.0000%

Fidelity® International Capital Appreciation K6 Fund 2953 12/08/17 77.1978% 66.0896%

Fidelity® International Discovery Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity® International Enhanced Index Fund 2010 12/08/17 83.3573% 77.9871%

Fidelity® International Growth Fund 1979 12/08/17 100.0000% 100.0000%

12/28/17

Fidelity® International Index Fund: All Classes 2362 04/12/17 100.0000% 100.0000%

12/15/17 91.3038% 73.5887%

Fidelity® International Real Estate Fund 1368 09/15/17 100.0000% 46.4882%

12/15/17 63.2022% 38.5921%

2017 Fidelity Funds Foreign Source Income Percentages for Non-Corporate Accounts

* Please note that the foreign source income percentage has not been adjusted for qualified dividends from foreign corporations. As discussedabove, you may need to adjust your foreign source income if it is attributable to foreign qualified dividends.

12/28/17 40.8753% 33.0088%

Page 5: 2017: Important Information for Individuals about Foreign ... · For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions, column 1a. Note: If

Fund Name Fund Number

Distribution Date

Foreign Source Income

Percentage*

Foreign Source Qualified Dividend Income Percentage

Fidelity® International Small Cap Fund 0818 12/08/17 82.4055% 70.6869%

Fidelity® International Small Cap Opportunities Fund 1504 12/08/17 79.6400% 74.8985%

12/28/17 0.0000% 0.0000%

Fidelity® International Sustainability Index Fund: All Classes Various 12/08/17 50.6877% 41.4318%

Fidelity® International Value Fund 1597 12/08/17 100.0000% 93.3627%

Fidelity® Japan Fund 0350 12/08/17 100.0000% 100.0000%

Fidelity® Japan Smaller Companies Fund 0360 12/08/17 58.9284% 58.9284%

Fidelity® Latin America Fund 0349 12/08/17 100.0000% 34.3900%

12/28/17

Fidelity® Multi-Manager 2005 Fund: All Classes Various 12/07/17 8.3844% 8.3844%

Fidelity® Multi-Manager 2010 Fund: All Classes Various 12/07/17 11.1791% 11.1791%

Fidelity® Multi-Manager 2015 Fund: All Classes Various 12/07/17 13.5074% 13.5074%

Fidelity® Multi-Manager 2020 Fund: All Classes Various 12/07/17 6.2333% 6.2333%

Fidelity® Multi-Manager 2025 Fund: All Classes Various 12/07/17 11.4192% 11.4192%

Fidelity® Multi-Manager 2030 Fund: All Classes Various 12/07/17 8.0692% 8.0692%

Fidelity® Multi-Manager 2035 Fund: All Classes Various 12/07/17 7.2899% 7.2899%

Fidelity® Multi-Manager 2040 Fund: All Classes Various 12/07/17 9.8878% 9.8878%

Fidelity® Multi-Manager 2045 Fund: All Classes Various 12/07/17 7.8868% 7.8868%

Fidelity® Multi-Manager 2050 Fund: All Classes Various 12/07/17 12.6603% 12.6603%

Fidelity® Multi-Manager 2055 Fund: All Classes Various 12/07/17 10.7084% 10.7084%

Fidelity® Multi-Manager 2060 Fund: All Classes Various 12/07/17 3.1202% 3.1202%

Fidelity® Multi-Manager Income Fund: All Classes Various 12/07/17 31.6385% 31.6385%

Fidelity® Nordic Fund 0342 12/08/17 68.4781% 50.7447%

Fidelity® Overseas Fund: All Classes Various 12/08/17 100.0000% 100.0000%

Fidelity® Pacific Basin Fund 0302 12/15/17 100.0000% 98.9563%

Fidelity® SAI Emerging Markets Index Fund 2809 12/15/17 87.3504% 51.4349%

Fidelity® SAI International Index Fund 2808 12/15/17 81.2293% 73.7977%

Fidelity® SAI International Minimum Volatility Index Fund 2760 12/15/17 100.0000% 75.3162%

Fidelity® Select Gold Portfolio 0041 04/12/17 28.2592% 28.2592%

Fidelity® Total Emerging Markets Fund 2369 12/15/17 75.5128% 28.2822%

Fidelity® Total International Equity Fund 1978 12/08/17 100.0000% 100.0000%

Fidelity® Total International Index Fund: All Classes Various 12/08/17 72.9106% 60.9302%

Strategic Advisers® Emerging Markets Fund 2261 12/28/17 100.0000% 75.6066%

Strategic Advisers® Emerging Markets Fund of Funds: All Classes Various 12/28/17 100.0000% 100.0000%

12/29/17 92.7810% 34.2775%

Strategic Advisers® International Fund 1557 12/28/17 100.0000% 96.8851%

Strategic Advisers® International II Fund 1848 12/28/17 100.0000% 100.0000%

Strategic Advisers® International Multi-Manager Fund: All Classes

Various 04/07/17 100.0000% 100.0000%

12/01/17

2017 Fidelity Funds Foreign Source Income Percentages for Non-Corporate Accounts

Fidelity Investments and pyramid design logo are registered service marks of FMR LLC.© 2018 FMR LLC. All rights reserved.

* Please note that the foreign source income percentage has not been adjusted for qualified dividends from foreign corporations. As discussedabove, you may need to adjust your foreign source income if it is attributable to foreign qualified dividends.