In article <5eb81ea1-adc5-4525-89e7-c6370c83380a[at]q70g2000hsb.googlegroups.com> ,
loch <nesss01[at]yahoo.com> wrote:
- quote -


If Fidelity did this right, the K-1 information has to be added to
your 1040.
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ArtKamlet at a o l dot c o m Columbus OH K2PZH

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Hi,

I have a brokerage account at fidelity which includes, among other
things, an ETF - DBC, to be specific. My 1099s from fidelity make no
mention of any interest/distributions/etc from this ETF.

Now, I got a K-1 form directly from Powershares with interest listed
for this ETF.

Since fidelity did not include this in the 1099, does that mean this
is somehow not taxable, or it gets reflected in the ETF NAV or cost
basis and only matters when i finally sell the ETF? Or, does fidelity
just leave the ETFs out of its 1099s and I have to separately enter it
into my taxes each year?

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >