Will Fidelity Send Out K-1 Form Distribution for Tax Filing?
Here’s a summary of the main problem and solutions discussed in the conversation:
- Main Problem: The user is unsure whether Fidelity sends out K-1 forms automatically or if they need to seek them out themselves, as they are waiting to file their taxes due to missing forms.
- Solution: Fidelity representative explains that the General Partner of a partnership controls the mailing schedule of K-1 forms, which are required to be sent by March 15, or September 15 if an extension is granted.
- Additional Advice: The representative suggests reaching out to a qualified tax professional for assistance with tax filing and specific tax situations.
Here’s the full thread
Does fidelity send out K-1 forms from holdings the previous year. Or is it up to the individual to seek them out?
Great question, @Observed
The General Partner of a partnership controls the mailing schedule of Form K-1s. As a quick reminder, schedule K-1 is an IRS tax form issued annually for an investment in a partnership. The purpose of the Form is to report each partner’s share of the partnership’s earnings, losses, deductions, and credits. The IRS requires partnerships to mail K-1s by March 15 or by September 15, if an extension is granted.
If you need help filing your taxes or have further questions regarding your specific tax situation, please reach out to a qualified tax professional. 🟢
Dang, hope they comes soon, been waiting to file since im waiting on 2 of them. Thnaks for the help as always Jenny!
Fingers crossed for you!
and it’s my pleasure to help! Definitely reach back out if you need anything else.