IMPORTANT TAX INFORMATION
2021: 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
2021. 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 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 under Details of 1099-DIV Transactions.
For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions section.
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 be able to elect to
claim a foreign tax credit directly on Schedule 3 (Form 1040), 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 Schedule 3 (Form
1040), 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.
Find
ing Your Ordinary Dividends 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 under the Details of 1099-DIV
Transactions.
For Fidelity Fund (not brokerage) Accounts — See Form 1099-DIV, Dividends and Distributions.
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.
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.
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